Columbia Sportswear (NASDAQ:COLM) Rating Lowered to Sell at BidaskClub

Columbia Sportswear (NASDAQ:COLM) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday, BidAskClub reports.

Other equities research analysts also recently issued research reports about the stock. Wedbush reaffirmed an “outperform” rating on shares of Columbia Sportswear in a research report on Monday, October 7th. ValuEngine downgraded shares of Columbia Sportswear from a “hold” rating to a “sell” rating in a research report on Friday, January 10th. DA Davidson downgraded shares of Columbia Sportswear from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $129.00 to $96.00 in a research report on Monday, November 25th. Zacks Investment Research upgraded shares of Columbia Sportswear from a “hold” rating to a “strong-buy” rating and set a $106.00 target price for the company in a research report on Monday, October 21st. Finally, Pivotal Research decreased their target price on shares of Columbia Sportswear from $125.00 to $117.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Columbia Sportswear has a consensus rating of “Buy” and an average target price of $115.17.

Shares of NASDAQ:COLM traded down $1.00 during trading on Tuesday, reaching $95.89. 110,979 shares of the company’s stock traded hands, compared to its average volume of 629,764. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.04 and a quick ratio of 1.76. Columbia Sportswear has a 12 month low of $81.01 and a 12 month high of $109.74. The company has a 50 day moving average of $96.63 and a 200-day moving average of $97.09. The stock has a market capitalization of $6.59 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 1.74 and a beta of 0.64.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.20. Columbia Sportswear had a net margin of 10.97% and a return on equity of 19.14%. The business had revenue of $906.80 million during the quarter, compared to the consensus estimate of $883.31 million. During the same quarter in the prior year, the firm earned $1.41 EPS. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. Equities research analysts predict that Columbia Sportswear will post 4.72 earnings per share for the current fiscal year.

In other news, Director Sarah Bany sold 52,500 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $90.27, for a total value of $4,739,175.00. Following the completion of the sale, the director now directly owns 1,154,136 shares of the company’s stock, valued at approximately $104,183,856.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Gertrude Boyle Trust sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $93.63, for a total transaction of $4,681,500.00. Following the completion of the sale, the insider now directly owns 9,014,559 shares of the company’s stock, valued at $844,033,159.17. The disclosure for this sale can be found here. In the last 90 days, insiders sold 540,000 shares of company stock valued at $49,419,456. 56.57% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its stake in shares of Columbia Sportswear by 8.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 66,208 shares of the textile maker’s stock worth $6,415,000 after acquiring an additional 5,279 shares during the period. Stifel Financial Corp lifted its stake in Columbia Sportswear by 278.1% during the third quarter. Stifel Financial Corp now owns 17,255 shares of the textile maker’s stock valued at $1,673,000 after purchasing an additional 12,691 shares during the last quarter. California Public Employees Retirement System lifted its stake in Columbia Sportswear by 24.3% during the third quarter. California Public Employees Retirement System now owns 68,482 shares of the textile maker’s stock valued at $6,635,000 after purchasing an additional 13,391 shares during the last quarter. Pictet Asset Management Ltd. acquired a new stake in Columbia Sportswear during the third quarter valued at approximately $36,477,000. Finally, State Street Corp lifted its stake in Columbia Sportswear by 3.2% during the third quarter. State Street Corp now owns 411,079 shares of the textile maker’s stock valued at $39,829,000 after purchasing an additional 12,845 shares during the last quarter. 37.73% of the stock is owned by institutional investors.

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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