Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified

Columbia Sportswear

(

COLM

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Columbia Sportswear as such a stock due to the following factors:

  • COLM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $8.1 million.
  • COLM has traded 8,478 shares today.
  • COLM is trading at a new lifetime high.

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More details on COLM:

Columbia Sportswear Company 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 stock currently has a dividend yield of 1%. COLM has a PE ratio of 3. Currently there are 3 analysts that rate Columbia Sportswear a buy, 2 analysts rate it a sell, and 5 rate it a hold.

The average volume for Columbia Sportswear has been 143,100 shares per day over the past 30 days. Columbia has a market cap of $4.2 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 1.67 and a short float of 3.1% with 7.76 days to cover. Shares are up 37.8% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Columbia Sportswear as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:

  • COLM's revenue growth has slightly outpaced the industry average of 9.9%. Since the same quarter one year prior, revenues rose by 12.9%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • COLM's debt-to-equity ratio is very low at 0.01 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 2.83, which clearly demonstrates the ability to cover short-term cash needs.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 46.92% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, COLM should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • COLUMBIA SPORTSWEAR CO has improved earnings per share by 17.5% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, COLUMBIA SPORTSWEAR CO increased its bottom line by earning $1.95 versus $1.35 in the prior year. This year, the market expects an improvement in earnings ($2.22 versus $1.95).
  • The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Textiles, Apparel & Luxury Goods industry average. The net income increased by 18.9% when compared to the same quarter one year prior, going from $22.26 million to $26.47 million.

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