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

StockNews.com lowered shares of Columbia Sportswear (NASDAQ:COLM) from a buy rating to a hold rating in a research report released on Wednesday morning.

Separately, TD Cowen boosted their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $78.75.

Columbia Sportswear Stock Up 0.1 %

Shares of NASDAQ:COLM opened at $87.24 on Wednesday. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $88.62. The company’s 50 day moving average price is $81.87 and its two-hundred day moving average price is $81.40. The firm has a market cap of $4.99 billion, a PE ratio of 24.10, a PEG ratio of 3.66 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The firm had revenue of $931.80 million during the quarter, compared to analysts’ expectations of $937.17 million. During the same period in the previous year, the firm earned $1.70 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, research analysts expect that Columbia Sportswear will post 3.89 EPS for the current year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.20 annualized dividend and a yield of 1.38%. Columbia Sportswear’s payout ratio is 33.15%.

Institutional Investors Weigh In On Columbia Sportswear

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Columbia Sportswear by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock worth $257,373,000 after buying an additional 21,104 shares during the last quarter. Tidal Investments LLC acquired a new stake in Columbia Sportswear during the 1st quarter worth about $845,000. Impax Asset Management Group plc raised its position in shares of Columbia Sportswear by 79.2% in the 3rd quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker’s stock worth $7,530,000 after acquiring an additional 40,000 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Columbia Sportswear in the 3rd quarter valued at about $7,676,000. Finally, Pacer Advisors Inc. boosted its position in shares of Columbia Sportswear by 44.3% during the 2nd quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock valued at $117,107,000 after purchasing an additional 454,738 shares in the last quarter. 47.76% of the stock is owned by institutional investors.

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.