NEW YORK (TheStreet) -- Columbia Sportswear (COLM - Get Report) shares are climbing on heavy volume trading, up 17.64% to $51.28 on Friday, following the release of the apparel company's fourth quarter earnings results after the closing bell yesterday. 

The Portland, OR-based company reported second quarter earnings of 79 cents per diluted share on revenue of $677 million. Analysts on average were expecting the company to report earnings 67 cents per share on revenue of $635.4 million.

Analysts at D.A. Davidson raised the company's price target to $55 from $53 while maintaining its "buy" rating on the stock before the opening bell today following the strong earnings results.

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TheStreet Ratings team rates COLUMBIA SPORTSWEAR CO as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate COLUMBIA SPORTSWEAR CO (COLM) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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