Columbia Sportswear (NASDAQ:COLM) Receives Consensus Rating of “Hold” from Brokerages

Shares of Columbia Sportswear (NASDAQ:COLM) have been given an average rating of “Hold” by the seven brokerages that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $87.44.

COLM has been the subject of a number of research reports. TheStreet cut shares of Columbia Sportswear from a “b-” rating to a “c+” rating in a report on Thursday, June 1st. StockNews.com began coverage on shares of Columbia Sportswear in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Stifel Nicolaus decreased their target price on shares of Columbia Sportswear from $93.00 to $81.00 and set a “hold” rating on the stock in a research note on Wednesday, August 2nd. TD Cowen cut Columbia Sportswear from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $94.00 to $83.00 in a research note on Thursday, August 3rd. Finally, UBS Group cut their price objective on Columbia Sportswear from $92.00 to $91.00 and set a “neutral” rating on the stock in a report on Wednesday, July 19th.

Hedge Funds Weigh In On Columbia Sportswear

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Stanley lifted its holdings in Columbia Sportswear by 1,243.3% in the fourth quarter. Morgan Stanley now owns 3,859,552 shares of the textile maker’s stock valued at $338,020,000 after buying an additional 3,572,227 shares during the period. BlackRock Inc. boosted its position in shares of Columbia Sportswear by 1.1% during the 1st quarter. BlackRock Inc. now owns 3,144,067 shares of the textile maker’s stock valued at $283,721,000 after purchasing an additional 34,100 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Columbia Sportswear by 5.0% during the 1st quarter. Victory Capital Management Inc. now owns 1,803,138 shares of the textile maker’s stock valued at $162,715,000 after purchasing an additional 85,960 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Columbia Sportswear by 2.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,377,529 shares of the textile maker’s stock worth $120,644,000 after purchasing an additional 30,076 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Columbia Sportswear by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,008,147 shares of the textile maker’s stock worth $77,868,000 after purchasing an additional 41,882 shares in the last quarter. 47.76% of the stock is owned by institutional investors and hedge funds.

Columbia Sportswear Price Performance

Shares of COLM opened at $71.58 on Monday. The firm has a 50 day simple moving average of $75.41 and a two-hundred day simple moving average of $80.04. Columbia Sportswear has a one year low of $65.02 and a one year high of $98.32. The company has a market cap of $4.39 billion, a P/E ratio of 15.23, a P/E/G ratio of 1.28 and a beta of 0.96.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.12. Columbia Sportswear had a return on equity of 16.84% and a net margin of 8.19%. The company had revenue of $620.90 million during the quarter, compared to analysts’ expectations of $586.45 million. During the same quarter in the previous year, the firm earned $0.11 EPS. Columbia Sportswear’s revenue was up 7.4% on a year-over-year basis. On average, analysts expect that Columbia Sportswear will post 4.6 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Monday, August 21st. Columbia Sportswear’s payout ratio is presently 25.53%.

Columbia Sportswear Company Profile

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 for mountaineering, climbing, skiing and snowboarding, trail, and camp enthusiasts.