Columbia Sportswear Co. (NASDAQ:COLM) was upgraded by equities research analysts at Goldman Sachs Group Inc. from a “buy” rating to a “conviction-buy” rating in a research note issued to investors on Friday.

COLM has been the subject of a number of other research reports. Brean Capital reiterated a “hold” rating on shares of Columbia Sportswear in a research report on Monday, July 18th. Zacks Investment Research downgraded Columbia Sportswear from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Credit Suisse Group AG restated a “hold” rating on shares of Columbia Sportswear in a research report on Sunday, August 7th. KeyCorp initiated coverage on Columbia Sportswear in a research report on Thursday, September 22nd. They issued a “sector weight” rating for the company. Finally, B. Riley restated a “neutral” rating and issued a $64.00 target price on shares of Columbia Sportswear in a research report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $62.75.

Columbia Sportswear (NASDAQ:COLM) opened at 56.68 on Friday. The firm’s 50 day moving average price is $56.22 and its 200-day moving average price is $57.38. The company has a market capitalization of $3.95 billion, a PE ratio of 22.60 and a beta of 0.89. Columbia Sportswear has a 12-month low of $43.56 and a 12-month high of $66.00.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.05. The firm earned $388.70 million during the quarter, compared to the consensus estimate of $392.02 million. Columbia Sportswear had a return on equity of 12.14% and a net margin of 7.48%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.09) EPS. On average, equities analysts anticipate that Columbia Sportswear will post $2.67 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Atlanta Capital Management Co. L L C boosted its stake in shares of Columbia Sportswear by 21.9% in the second quarter. Atlanta Capital Management Co. L L C now owns 3,314,878 shares of the company’s stock valued at $190,738,000 after buying an additional 594,627 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Columbia Sportswear by 2.7% in the second quarter. Vanguard Group Inc. now owns 2,000,962 shares of the company’s stock valued at $115,135,000 after buying an additional 51,776 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Columbia Sportswear by 127.6% in the first quarter. JPMorgan Chase & Co. now owns 1,214,448 shares of the company’s stock valued at $72,976,000 after buying an additional 680,868 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Columbia Sportswear by 19.8% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,098,115 shares of the company’s stock valued at $63,186,000 after buying an additional 181,853 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its stake in shares of Columbia Sportswear by 24.7% in the second quarter. Silvercrest Asset Management Group LLC now owns 758,396 shares of the company’s stock valued at $43,638,000 after buying an additional 150,132 shares during the last quarter. 36.55% of the stock is currently owned by institutional investors.

About Columbia Sportswear

Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada.

5 Day Chart for NASDAQ:COLM

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