Columbia Sportswear (NASDAQ:COLM) Downgraded by BidaskClub

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BidaskClub downgraded shares of Columbia Sportswear (NASDAQ:COLM) from a hold rating to a sell rating in a research report sent to investors on Saturday, November 2nd, BidAskClub reports.

COLM has been the topic of several other reports. Stifel Nicolaus set a $129.00 price objective on Columbia Sportswear and gave the stock a buy rating in a report on Friday, July 26th. B. Riley set a $109.00 price objective on Columbia Sportswear and gave the stock a hold rating in a report on Tuesday, August 20th. ValuEngine downgraded Columbia Sportswear from a buy rating to a hold rating in a report on Thursday, August 1st. Bank of America upgraded Columbia Sportswear from a neutral rating to a buy rating and raised their price objective for the stock from $112.00 to $130.00 in a report on Tuesday, July 23rd. Finally, Pivotal Research reduced their price objective on Columbia Sportswear from $125.00 to $117.00 and set a buy rating on the stock in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Columbia Sportswear currently has an average rating of Buy and an average target price of $119.15.

Shares of COLM traded up $0.55 during trading hours on Friday, reaching $93.63. 235,900 shares of the company’s stock traded hands, compared to its average volume of 329,253. The company has a current ratio of 2.88, a quick ratio of 1.57 and a debt-to-equity ratio of 0.21. The firm’s 50 day simple moving average is $95.90 and its 200-day simple moving average is $97.90. Columbia Sportswear has a 12 month low of $80.03 and a 12 month high of $109.74. The stock has a market cap of $6.30 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 1.81 and a beta of 0.67.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.20. Columbia Sportswear had a return on equity of 19.30% and a net margin of 10.97%. The firm had revenue of $906.80 million for the quarter, compared to the consensus estimate of $883.31 million. During the same period in the prior year, the business posted $1.41 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, analysts expect that Columbia Sportswear will post 4.72 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Columbia Sportswear in the 3rd quarter worth $47,000. Private Capital Group LLC boosted its position in shares of Columbia Sportswear by 46.7% in the 2nd quarter. Private Capital Group LLC now owns 531 shares of the textile maker’s stock worth $49,000 after purchasing an additional 169 shares in the last quarter. Financial Gravity Wealth Inc. boosted its position in shares of Columbia Sportswear by 4,581.8% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 515 shares of the textile maker’s stock worth $52,000 after purchasing an additional 504 shares in the last quarter. Quest Capital Management Inc. ADV acquired a new stake in shares of Columbia Sportswear in the 3rd quarter worth $60,000. Finally, Machina Capital S.A.S. boosted its position in shares of Columbia Sportswear by 17.9% in the 2nd quarter. Machina Capital S.A.S. now owns 1,000 shares of the textile maker’s stock worth $100,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 37.66% of the company’s stock.

Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East and Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.

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Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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