Columbia Sportswear (COLM) Rating Increased to Buy at Pivotal Research

Columbia Sportswear (NASDAQ:COLM) was upgraded by research analysts at Pivotal Research from a “hold” rating to a “buy” rating in a research note issued on Thursday, MarketBeat Ratings reports. The firm presently has a $107.00 price objective on the textile maker’s stock, up from their prior price objective of $97.00. Pivotal Research’s price target would suggest a potential upside of 21.08% from the stock’s current price.

A number of other research analysts have also weighed in on COLM. Cowen raised shares of Columbia Sportswear from a “market perform” rating to an “outperform” rating and set a $59.00 target price for the company in a report on Wednesday, August 15th. Buckingham Research raised their target price on shares of Columbia Sportswear from $80.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, August 16th. BidaskClub lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Wedbush raised their target price on shares of Columbia Sportswear from $102.00 to $103.00 and gave the company an “outperform” rating in a report on Wednesday, October 3rd. Finally, Stifel Nicolaus raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and raised their target price for the company from $93.00 to $103.00 in a report on Friday, October 26th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $92.29.

COLM stock opened at $88.37 on Thursday. Columbia Sportswear has a fifty-two week low of $67.32 and a fifty-two week high of $95.74. The firm has a market capitalization of $6.35 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 2.35 and a beta of 0.71.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, October 25th. The textile maker reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.14. Columbia Sportswear had a net margin of 5.56% and a return on equity of 15.43%. The firm had revenue of $795.80 million during the quarter, compared to analyst estimates of $791.25 million. As a group, research analysts predict that Columbia Sportswear will post 3.61 EPS for the current year.

In other news, Director Sarah Bany sold 19,946 shares of Columbia Sportswear stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $88.91, for a total transaction of $1,773,398.86. Following the completion of the sale, the director now directly owns 11,610 shares in the company, valued at $1,032,245.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andy D. Bryant sold 13,274 shares of Columbia Sportswear stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $91.75, for a total value of $1,217,889.50. Following the sale, the director now owns 42,060 shares of the company’s stock, valued at $3,859,005. The disclosure for this sale can be found here. 56.68% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Columbia Sportswear by 3.2% during the third quarter. Vanguard Group Inc. now owns 3,275,641 shares of the textile maker’s stock worth $304,864,000 after purchasing an additional 100,703 shares during the last quarter. BlackRock Inc. lifted its position in shares of Columbia Sportswear by 9.5% during the third quarter. BlackRock Inc. now owns 1,323,116 shares of the textile maker’s stock worth $123,142,000 after purchasing an additional 114,543 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Columbia Sportswear by 28.5% during the third quarter. Acadian Asset Management LLC now owns 985,761 shares of the textile maker’s stock worth $91,741,000 after purchasing an additional 218,489 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Columbia Sportswear by 143.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 973,401 shares of the textile maker’s stock worth $89,955,000 after purchasing an additional 573,517 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its position in shares of Columbia Sportswear by 3.4% during the third quarter. Loomis Sayles & Co. L P now owns 452,790 shares of the textile maker’s stock worth $42,141,000 after purchasing an additional 15,016 shares during the last quarter. Institutional investors and hedge funds own 38.70% 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, 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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