ValuEngine Downgrades Columbia Sportswear (NASDAQ:COLM) to Hold

Columbia Sportswear (NASDAQ:COLM) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday, ValuEngine reports.

A number of other analysts also recently issued reports on the stock. Wedbush raised their price target on shares of Columbia Sportswear from $118.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Stifel Nicolaus set a $129.00 price target on shares of Columbia Sportswear and gave the company a “buy” rating in a report on Friday, July 26th. Pivotal Research reaffirmed a “buy” rating and set a $125.00 price target (up previously from $120.00) on shares of Columbia Sportswear in a report on Friday, July 26th. DA Davidson set a $129.00 price target on shares of Columbia Sportswear and gave the company a “buy” rating in a report on Friday, April 26th. Finally, BidaskClub raised shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $118.00.

NASDAQ:COLM traded down $1.14 on Thursday, reaching $101.90. 296,168 shares of the stock traded hands, compared to its average volume of 298,587. The firm has a market capitalization of $6.96 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 2.03 and a beta of 0.67. The company has a quick ratio of 2.33, a current ratio of 3.41 and a debt-to-equity ratio of 0.20. Columbia Sportswear has a 12 month low of $80.03 and a 12 month high of $109.74. The stock’s fifty day moving average is $101.67.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.22. The business had revenue of $526.21 million during the quarter, compared to analyst estimates of $507.16 million. Columbia Sportswear had a net margin of 10.73% and a return on equity of 18.02%. Columbia Sportswear’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $0.16 EPS. As a group, research analysts predict that Columbia Sportswear will post 4.69 EPS for the current fiscal year.

In other Columbia Sportswear news, COO Thomas B. Cusick sold 17,260 shares of Columbia Sportswear stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $107.77, for a total transaction of $1,860,110.20. Following the transaction, the chief operating officer now owns 43,214 shares of the company’s stock, valued at $4,657,172.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Douglas H. Morse sold 2,620 shares of Columbia Sportswear stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $105.00, for a total transaction of $275,100.00. Following the transaction, the senior vice president now directly owns 3,553 shares in the company, valued at approximately $373,065. The disclosure for this sale can be found here. In the last three months, insiders sold 90,546 shares of company stock worth $9,591,071. 56.57% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the business. Machina Capital S.A.S. lifted its holdings in Columbia Sportswear by 17.9% during the second quarter. Machina Capital S.A.S. now owns 1,000 shares of the textile maker’s stock valued at $100,000 after purchasing an additional 152 shares in the last quarter. Advisor Group Inc. lifted its holdings in Columbia Sportswear by 10.0% during the second quarter. Advisor Group Inc. now owns 2,638 shares of the textile maker’s stock valued at $264,000 after purchasing an additional 239 shares in the last quarter. Amalgamated Bank lifted its holdings in Columbia Sportswear by 4.9% during the fourth quarter. Amalgamated Bank now owns 5,856 shares of the textile maker’s stock valued at $492,000 after purchasing an additional 276 shares in the last quarter. Strs Ohio lifted its holdings in Columbia Sportswear by 7.6% during the second quarter. Strs Ohio now owns 4,617 shares of the textile maker’s stock valued at $462,000 after purchasing an additional 328 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in Columbia Sportswear by 0.9% during the second quarter. Swiss National Bank now owns 57,100 shares of the textile maker’s stock valued at $5,719,000 after purchasing an additional 500 shares in the last quarter. 38.08% of the stock is currently owned by institutional investors and hedge funds.

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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