Columbia Sportswear (NASDAQ:COLM) Receives Average Recommendation of “Hold” from Brokerages

Columbia Sportswear (NASDAQ:COLM) has received a consensus rating of “Hold” from the five analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $77.00.

COLM has been the subject of a number of recent analyst reports. Wedbush reaffirmed a “neutral” rating and set a $80.00 price target on shares of Columbia Sportswear in a research report on Thursday, July 18th. Stifel Nicolaus upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and upped their target price for the company from $84.00 to $92.00 in a report on Monday, July 8th. Finally, StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Monday, July 29th.

Columbia Sportswear Stock Performance

Shares of Columbia Sportswear stock opened at $82.13 on Friday. The company’s 50 day moving average price is $80.70 and its 200-day moving average price is $80.37. Columbia Sportswear has a 52-week low of $66.01 and a 52-week high of $87.23. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 3.01 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.14. The firm had revenue of $570.20 million for the quarter, compared to analysts’ expectations of $569.37 million. Columbia Sportswear had a net margin of 6.72% and a return on equity of 13.01%. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 earnings per share. As a group, equities research analysts forecast that Columbia Sportswear will post 3.85 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.46%. Columbia Sportswear’s dividend payout ratio is presently 29.27%.

Hedge Funds Weigh In On Columbia Sportswear

Institutional investors have recently added to or reduced their stakes in the company. Trexquant Investment LP grew its position in shares of Columbia Sportswear by 58.7% in the 4th quarter. Trexquant Investment LP now owns 39,446 shares of the textile maker’s stock worth $3,138,000 after buying an additional 14,588 shares during the period. Duality Advisers LP grew its holdings in Columbia Sportswear by 225.2% in the first quarter. Duality Advisers LP now owns 40,244 shares of the textile maker’s stock worth $3,267,000 after purchasing an additional 27,868 shares during the period. Quantbot Technologies LP increased its stake in shares of Columbia Sportswear by 1,964.4% during the first quarter. Quantbot Technologies LP now owns 10,322 shares of the textile maker’s stock valued at $838,000 after purchasing an additional 9,822 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Columbia Sportswear by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock valued at $257,373,000 after purchasing an additional 21,104 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of Columbia Sportswear in the 1st quarter worth approximately $3,806,000. Institutional investors own 47.76% of the company’s stock.

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.