BidaskClub upgraded shares of Columbia Sportswear (NASDAQ:COLM) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday.

A number of other analysts have also recently issued reports on COLM. Zacks Investment Research raised Columbia Sportswear from a sell rating to a hold rating in a research note on Friday, October 20th. Robert W. Baird reissued a buy rating and set a $68.00 target price on shares of Columbia Sportswear in a research note on Sunday, October 22nd. FBR & Co reissued a buy rating and set a $68.00 target price on shares of Columbia Sportswear in a research note on Friday, October 27th. Pivotal Research reissued a buy rating and set a $74.00 target price (up from $72.00) on shares of Columbia Sportswear in a research note on Friday, October 27th. Finally, Stifel Nicolaus increased their target price on Columbia Sportswear from $60.00 to $62.00 and gave the stock a hold rating in a research note on Friday, October 27th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $72.00.

Shares of Columbia Sportswear (COLM) opened at $75.33 on Wednesday. Columbia Sportswear has a 52 week low of $51.56 and a 52 week high of $78.26. The stock has a market capitalization of $5,260.00, a P/E ratio of 27.00, a P/E/G ratio of 2.45 and a beta of 0.95.

In other news, Director Walter Klenz sold 11,608 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $66.05, for a total transaction of $766,708.40. Following the completion of the transaction, the director now directly owns 21,619 shares of the company’s stock, valued at approximately $1,427,934.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 58.86% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Stifel Financial Corp grew its stake in shares of Columbia Sportswear by 4.1% during the 2nd quarter. Stifel Financial Corp now owns 4,122 shares of the textile maker’s stock worth $240,000 after acquiring an additional 162 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Columbia Sportswear by 10.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock worth $149,000 after acquiring an additional 234 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Columbia Sportswear by 5.6% during the 2nd quarter. Prudential Financial Inc. now owns 5,143 shares of the textile maker’s stock worth $299,000 after acquiring an additional 275 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Columbia Sportswear by 11.2% during the 2nd quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock worth $195,000 after acquiring an additional 339 shares in the last quarter. Finally, Nationwide Fund Advisors grew its stake in shares of Columbia Sportswear by 3.7% during the 2nd quarter. Nationwide Fund Advisors now owns 16,454 shares of the textile maker’s stock worth $955,000 after acquiring an additional 591 shares in the last quarter. 38.91% of the stock is owned by institutional investors.

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About Columbia Sportswear

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

Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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