Columbia Sportswear (NASDAQ:COLM) Lowered to “Hold” at StockNews.com

Columbia Sportswear (NASDAQ:COLM) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and boosted their price objective for the company from $84.00 to $92.00 in a report on Monday, July 8th. Wedbush reaffirmed a “neutral” rating and issued a $80.00 target price on shares of Columbia Sportswear in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $78.20.

Columbia Sportswear Stock Performance

Shares of NASDAQ:COLM traded up $2.61 during trading on Monday, reaching $78.99. 706,437 shares of the stock traded hands, compared to its average volume of 491,027. Columbia Sportswear has a 52-week low of $66.01 and a 52-week high of $87.23. The stock has a market cap of $4.67 billion, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. The stock has a 50-day moving average of $80.93 and a two-hundred day moving average of $80.02.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.14. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The business had revenue of $570.20 million during the quarter, compared to analyst estimates of $569.37 million. During the same quarter last year, the company earned $0.14 EPS. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. Sell-side analysts expect that Columbia Sportswear will post 3.85 earnings per share for the current year.

Insider Transactions at Columbia Sportswear

In other Columbia Sportswear news, Director Sabrina Simmons sold 523 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total value of $42,729.10. Following the completion of the transaction, the director now directly owns 6,483 shares in the company, valued at approximately $529,661.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 44.70% of the company’s stock.

Institutional Trading of Columbia Sportswear

Several institutional investors and hedge funds have recently modified their holdings of the stock. Boston Trust Walden Corp raised its holdings in shares of Columbia Sportswear by 30.9% in the 4th quarter. Boston Trust Walden Corp now owns 1,294,410 shares of the textile maker’s stock valued at $102,957,000 after purchasing an additional 305,592 shares in the last quarter. Norges Bank purchased a new stake in shares of Columbia Sportswear during the 4th quarter worth $22,526,000. First Trust Advisors LP boosted its position in Columbia Sportswear by 28.3% during the fourth quarter. First Trust Advisors LP now owns 476,608 shares of the textile maker’s stock valued at $37,909,000 after purchasing an additional 105,193 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Columbia Sportswear by 10.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,128,258 shares of the textile maker’s stock valued at $89,745,000 after purchasing an additional 104,100 shares in the last quarter. Finally, Verition Fund Management LLC grew its stake in Columbia Sportswear by 1,128.3% in the fourth quarter. Verition Fund Management LLC now owns 110,106 shares of the textile maker’s stock valued at $8,758,000 after purchasing an additional 101,142 shares during the last quarter. Institutional investors own 47.76% of the company’s stock.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.