Columbia Sportswear (NASDAQ:COLM) Given Consensus Rating of “Reduce” by Brokerages

Shares of Columbia Sportswear (NASDAQ:COLM) have been assigned an average rating of “Reduce” from the six brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $78.00.

A number of brokerages have weighed in on COLM. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. UBS Group reduced their price target on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a research report on Friday, February 2nd.

Columbia Sportswear Price Performance

Columbia Sportswear stock opened at $77.14 on Tuesday. Columbia Sportswear has a 12-month low of $66.01 and a 12-month high of $90.04. The stock has a market capitalization of $4.59 billion, a P/E ratio of 18.68, a P/E/G ratio of 3.13 and a beta of 0.94. The firm’s 50-day moving average is $79.01 and its two-hundred day moving average is $77.80.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, February 1st. The textile maker reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.14). Columbia Sportswear had a return on equity of 14.11% and a net margin of 7.21%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.08 billion. As a group, analysts forecast that Columbia Sportswear will post 3.7 EPS for the current year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.30 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.56%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 29.06%.

Insider Buying and Selling

In other Columbia Sportswear news, Director Ronald E. Nelson sold 5,768 shares of Columbia Sportswear stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total value of $473,264.40. Following the completion of the transaction, the director now owns 16,857 shares of the company’s stock, valued at $1,383,116.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Columbia Sportswear news, Director Ronald E. Nelson sold 5,768 shares of Columbia Sportswear stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total value of $473,264.40. Following the completion of the transaction, the director now owns 16,857 shares of the company’s stock, valued at $1,383,116.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen E. Babson sold 2,411 shares of Columbia Sportswear stock in a transaction on Monday, February 12th. The stock was sold at an average price of $80.98, for a total transaction of $195,242.78. Following the completion of the transaction, the director now directly owns 122,879 shares of the company’s stock, valued at approximately $9,950,741.42. The disclosure for this sale can be found here. Insiders own 43.00% of the company’s stock.

Hedge Funds Weigh In On Columbia Sportswear

Several hedge funds and other institutional investors have recently modified their holdings of COLM. Venturi Wealth Management LLC boosted its holdings in shares of Columbia Sportswear by 76.2% during the fourth quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock valued at $36,000 after acquiring an additional 195 shares during the period. Fifth Third Bancorp lifted its holdings in Columbia Sportswear by 44.3% in the third quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock worth $37,000 after purchasing an additional 154 shares during the period. TFO Wealth Partners LLC lifted its holdings in Columbia Sportswear by 11,725.0% in the fourth quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock worth $38,000 after purchasing an additional 469 shares during the period. Signaturefd LLC lifted its holdings in Columbia Sportswear by 125.7% in the third quarter. Signaturefd LLC now owns 607 shares of the textile maker’s stock worth $45,000 after purchasing an additional 338 shares during the period. Finally, Quent Capital LLC lifted its holdings in Columbia Sportswear by 79.6% in the fourth quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock worth $49,000 after purchasing an additional 273 shares during the period. Institutional investors and hedge funds own 47.76% of the company’s stock.

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.