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

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

COLM has been the topic of a number of other reports. TD Cowen increased their target price on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Stifel Nicolaus upped their price target on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th.

Columbia Sportswear Stock Down 5.7 %

Shares of COLM stock traded down $4.89 during mid-day trading on Wednesday, reaching $80.97. 1,624,716 shares of the company’s stock traded hands, compared to its average volume of 496,588. The company’s 50-day moving average price is $86.46 and its 200-day moving average price is $83.05. The company has a market cap of $4.63 billion, a P/E ratio of 22.37, a P/E/G ratio of 3.32 and a beta of 0.93. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $91.30.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. Equities analysts predict that Columbia Sportswear will post 3.96 earnings per share for the current year.

Institutional Trading of Columbia Sportswear

A number of institutional investors have recently made changes to their positions in COLM. Impact Partnership Wealth LLC bought a new position in Columbia Sportswear in the fourth quarter valued at about $240,000. Assenagon Asset Management S.A. purchased a new stake in shares of Columbia Sportswear during the 4th quarter valued at about $6,356,000. Impax Asset Management Group plc lifted its stake in shares of Columbia Sportswear by 79.2% in the 3rd quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker’s stock worth $7,530,000 after purchasing an additional 40,000 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Columbia Sportswear in the third quarter worth approximately $7,676,000. Finally, MQS Management LLC bought a new stake in Columbia Sportswear during the third quarter valued at approximately $499,000. 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.