Columbia Sportswear (NASDAQ:COLM) Cut to Hold at StockNews.com

StockNews.com cut shares of Columbia Sportswear (NASDAQ:COLM) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Several other equities analysts also recently commented on COLM. Stifel Nicolaus upgraded shares of Columbia Sportswear from a hold rating to a buy rating and boosted their price target for the stock from $84.00 to $92.00 in a research note on Monday, July 8th. Wedbush reissued a neutral rating and set a $80.00 target price on shares of Columbia Sportswear in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $77.00.

Columbia Sportswear Stock Down 2.9 %

COLM opened at $80.06 on Friday. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $87.23. The business has a fifty day simple moving average of $81.31 and a 200-day simple moving average of $80.56. The firm has a market cap of $4.73 billion, a P/E ratio of 19.53, a P/E/G ratio of 3.01 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.14. The company had revenue of $570.20 million during the quarter, compared to analysts’ expectations of $569.37 million. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. Columbia Sportswear’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. Sell-side analysts expect that Columbia Sportswear will post 3.85 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.50%. Columbia Sportswear’s payout ratio is currently 29.27%.

Institutional Trading of Columbia Sportswear

A number of hedge funds and other institutional investors have recently bought and sold shares of COLM. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Columbia Sportswear during the 4th quarter worth about $528,000. KBC Group NV raised its holdings in Columbia Sportswear by 3.5% during the fourth quarter. KBC Group NV now owns 19,890 shares of the textile maker’s stock worth $1,582,000 after purchasing an additional 675 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Columbia Sportswear by 28.3% during the 4th quarter. First Trust Advisors LP now owns 476,608 shares of the textile maker’s stock worth $37,909,000 after buying an additional 105,193 shares during the last quarter. Cairn Investment Group Inc. boosted its holdings in shares of Columbia Sportswear by 1.6% in the 4th quarter. Cairn Investment Group Inc. now owns 45,295 shares of the textile maker’s stock valued at $3,603,000 after buying an additional 715 shares in the last quarter. Finally, Verition Fund Management LLC grew its position in shares of Columbia Sportswear by 1,128.3% in the 4th quarter. Verition Fund Management LLC now owns 110,106 shares of the textile maker’s stock valued at $8,758,000 after buying an additional 101,142 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, develops, 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 hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.