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

A number of other brokerages also recently issued reports on COLM. Citigroup reduced their price target on Columbia Sportswear from $80.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday, October 20th. Seaport Res Ptn cut Columbia Sportswear from a “buy” rating to a “neutral” rating in a research note on Friday, October 20th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $84.86.

View Our Latest Report on Columbia Sportswear

Columbia Sportswear Trading Down 2.1 %

Shares of NASDAQ:COLM traded down $1.68 during trading on Tuesday, reaching $79.53. 380,319 shares of the stock were exchanged, compared to its average volume of 382,601. The firm has a market cap of $4.81 billion, a PE ratio of 17.29, a PEG ratio of 1.67 and a beta of 0.95. Columbia Sportswear has a 12 month low of $66.01 and a 12 month high of $98.32. The stock has a 50-day moving average price of $74.32 and a 200-day moving average price of $74.76.

Columbia Sportswear (NASDAQ:COLM – Get Free Report) last issued its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.02. The business had revenue of $985.68 million for the quarter, compared to the consensus estimate of $994.07 million. Columbia Sportswear had a return on equity of 16.23% and a net margin of 7.89%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.80 earnings per share. On average, sell-side analysts expect that Columbia Sportswear will post 4.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quent Capital LLC lifted its stake in shares of Columbia Sportswear by 404.4% in the 3rd quarter. Quent Capital LLC now owns 343 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 275 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Columbia Sportswear in the 3rd quarter valued at $25,000. Advisory Services Network LLC lifted its stake in shares of Columbia Sportswear by 176.1% in the 1st quarter. Advisory Services Network LLC now owns 312 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 199 shares during the last quarter. Quarry LP bought a new position in shares of Columbia Sportswear in the 2nd quarter valued at $33,000. Finally, Fifth Third Bancorp lifted its stake in shares of Columbia Sportswear by 44.3% in the 3rd quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 154 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors.

About Columbia Sportswear (Get Free Report)

Columbia Sportswear Company, together with its subsidiaries, designs, sources, 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 mountaineering, climbing, skiing and snowboarding, trail, and camp enthusiasts.

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Original: MarketBeat News Feed: StockNews.com Lowers Columbia Sportswear (NASDAQ:COLM) to Hold