Columbia Sportswear (NASDAQ:COLM) Rating Increased to Buy at Stifel Nicolaus

Columbia Sportswear (NASDAQ:COLM) was upgraded by investment analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage currently has a $92.00 target price on the textile maker’s stock, up from their previous target price of $84.00. Stifel Nicolaus’ target price indicates a potential upside of 17.65% from the stock’s current price.

Separately, StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $77.75.

Columbia Sportswear Trading Down 1.7 %

Shares of COLM stock opened at $78.20 on Monday. The business’s 50 day moving average is $82.10 and its two-hundred day moving average is $80.04. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $87.23. The company has a market capitalization of $4.62 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 3.15 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.36. Columbia Sportswear had a return on equity of 13.98% and a net margin of 7.20%. The company had revenue of $769.98 million for the quarter, compared to the consensus estimate of $740.62 million. During the same period last year, the business posted $0.74 EPS. The company’s revenue was down 6.2% on a year-over-year basis. As a group, equities analysts predict that Columbia Sportswear will post 3.86 earnings per share for the current fiscal year.

Insider Transactions at Columbia Sportswear

In related news, Director Sabrina Simmons sold 523 shares of the company’s stock in a transaction 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 $529,661.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Columbia Sportswear news, CFO Jim A. Swanson sold 7,199 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $77.50, for a total transaction of $557,922.50. Following the completion of the sale, the chief financial officer now directly owns 9,423 shares in the company, valued at $730,282.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sabrina Simmons sold 523 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total value of $42,729.10. Following the sale, the director now owns 6,483 shares of the company’s stock, valued at $529,661.10. The disclosure for this sale can be found here. Insiders own 44.70% of the company’s stock.

Institutional Investors Weigh In On Columbia Sportswear

Several institutional investors and hedge funds have recently modified their holdings of COLM. The Manufacturers Life Insurance Company boosted its position in shares of Columbia Sportswear by 1.5% in the third quarter. The Manufacturers Life Insurance Company now owns 318,305 shares of the textile maker’s stock worth $23,586,000 after buying an additional 4,684 shares during the period. Morgan Stanley boosted its position in shares of Columbia Sportswear by 9.2% in the third quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker’s stock worth $322,530,000 after buying an additional 366,854 shares during the period. Comerica Bank boosted its position in shares of Columbia Sportswear by 67.5% in the third quarter. Comerica Bank now owns 57,191 shares of the textile maker’s stock worth $4,238,000 after buying an additional 23,055 shares during the period. Walleye Capital LLC purchased a new stake in shares of Columbia Sportswear in the third quarter worth about $4,204,000. Finally, Graham Capital Management L.P. boosted its position in shares of Columbia Sportswear by 122.1% in the third quarter. Graham Capital Management L.P. now owns 15,352 shares of the textile maker’s stock worth $1,138,000 after buying an additional 8,440 shares during the period. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Company Profile

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.