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

Columbia Sportswear (NASDAQ:COLM) has been given an average recommendation of “Hold” by the five analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $77.00.

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus raised Columbia Sportswear from a “hold” rating to a “buy” rating and increased their target price for the stock from $84.00 to $92.00 in a research note on Monday, July 8th. StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Wedbush restated a “neutral” rating and set a $80.00 target price on shares of Columbia Sportswear in a research report on Thursday, July 18th.

Institutional Trading of Columbia Sportswear

Several large investors have recently modified their holdings of COLM. Trexquant Investment LP raised its position in shares of Columbia Sportswear by 58.7% during the 4th quarter. Trexquant Investment LP now owns 39,446 shares of the textile maker’s stock worth $3,138,000 after purchasing an additional 14,588 shares during the last quarter. Duality Advisers LP lifted its position in shares of Columbia Sportswear by 225.2% in the first quarter. Duality Advisers LP now owns 40,244 shares of the textile maker’s stock valued at $3,267,000 after acquiring an additional 27,868 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Columbia Sportswear by 1,964.4% in the first quarter. Quantbot Technologies LP now owns 10,322 shares of the textile maker’s stock valued at $838,000 after acquiring an additional 9,822 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 acquiring an additional 21,104 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new stake in Columbia Sportswear during the 1st quarter worth about $3,806,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Trading Down 0.8 %

NASDAQ:COLM opened at $82.48 on Friday. Columbia Sportswear has a 12-month low of $66.01 and a 12-month high of $87.23. The stock’s 50 day simple moving average is $80.51 and its 200-day simple moving average is $80.35. The firm has a market cap of $4.88 billion, a P/E ratio of 20.12, a PEG ratio of 3.00 and a beta of 0.92.

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

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.45%. Columbia Sportswear’s dividend payout ratio is presently 29.27%.

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.