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 report sent to investors on Wednesday morning.

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus increased their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. TD Cowen increased their price target on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th.

Columbia Sportswear Stock Performance

Shares of COLM opened at $79.27 on Wednesday. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $91.30. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 3.32 and a beta of 0.93. The firm has a 50-day simple moving average of $86.31 and a 200-day simple moving average of $83.03.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. Equities research analysts forecast that Columbia Sportswear will post 3.96 EPS for the current year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, March 10th. This represents a $1.20 annualized dividend and a yield of 1.51%. Columbia Sportswear’s dividend payout ratio is currently 33.15%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in Columbia Sportswear by 51.3% in the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after buying an additional 142 shares in the last quarter. Cairn Investment Group Inc. increased its holdings in Columbia Sportswear by 0.3% in the fourth quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker’s stock valued at $3,750,000 after buying an additional 145 shares in the last quarter. Amalgamated Bank increased its holdings in Columbia Sportswear by 1.0% in the fourth quarter. Amalgamated Bank now owns 15,337 shares of the textile maker’s stock valued at $1,287,000 after buying an additional 146 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Columbia Sportswear by 184.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker’s stock valued at $25,000 after buying an additional 194 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Columbia Sportswear by 33.6% in the fourth quarter. Blue Trust Inc. now owns 942 shares of the textile maker’s stock valued at $78,000 after buying an additional 237 shares in the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

About Columbia Sportswear

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.