Columbia Sportswear (NASDAQ:COLM) Given Average Rating of “Hold” by Brokerages

Columbia Sportswear (NASDAQ:COLMGet Rating) has received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $104.57.

Several research firms have recently issued reports on COLM. Bank of America lowered shares of Columbia Sportswear from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $108.00 to $80.00 in a research report on Friday. CL King upgraded Columbia Sportswear to a “buy” rating and set a $117.00 target price on the stock in a report on Friday, February 4th. Zacks Investment Research cut Columbia Sportswear from a “buy” rating to a “hold” rating and set a $92.00 price target for the company. in a report on Tuesday, April 12th. Robert W. Baird dropped their price objective on shares of Columbia Sportswear from $110.00 to $100.00 in a research note on Friday. Finally, Wolfe Research downgraded shares of Columbia Sportswear to a “neutral” rating in a research note on Tuesday, January 4th.

A number of hedge funds have recently made changes to their positions in COLM. Atlanta Capital Management Co. L L C raised its stake in Columbia Sportswear by 3.5% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 3,104,900 shares of the textile maker’s stock valued at $302,541,000 after buying an additional 104,451 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Columbia Sportswear by 36.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,374,952 shares of the textile maker’s stock worth $133,975,000 after purchasing an additional 366,034 shares during the last quarter. Invesco Ltd. boosted its holdings in Columbia Sportswear by 2.2% in the third quarter. Invesco Ltd. now owns 1,362,159 shares of the textile maker’s stock worth $130,550,000 after purchasing an additional 29,946 shares during the period. Boston Trust Walden Corp increased its stake in Columbia Sportswear by 64.9% during the first quarter. Boston Trust Walden Corp now owns 965,434 shares of the textile maker’s stock valued at $87,401,000 after purchasing an additional 380,140 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Columbia Sportswear by 2.7% during the fourth quarter. State Street Corp now owns 930,428 shares of the textile maker’s stock worth $90,661,000 after purchasing an additional 24,224 shares during the period. 53.95% of the stock is owned by institutional investors.

Columbia Sportswear stock traded down $5.41 during trading on Friday, reaching $82.85. The company had a trading volume of 20,981 shares, compared to its average volume of 416,500. Columbia Sportswear has a 12-month low of $83.61 and a 12-month high of $114.98. The stock’s 50 day moving average price is $89.97 and its two-hundred day moving average price is $94.93. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 1.72 and a beta of 0.90.

Columbia Sportswear (NASDAQ:COLMGet Rating) last released its quarterly earnings data on Thursday, February 3rd. The textile maker reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.61. Columbia Sportswear had a net margin of 11.33% and a return on equity of 18.64%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm earned $1.44 earnings per share. Equities analysts expect that Columbia Sportswear will post 5.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Thursday, May 19th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.45%. Columbia Sportswear’s payout ratio is currently 22.39%.

Columbia Sportswear Company Profile (Get Rating)

Columbia Sportswear Company, together with its subsidiaries, designs, sources, 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 that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.

Further Reading

Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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