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

Columbia Sportswear (NASDAQ:COLM) has been given a consensus recommendation of “Hold” by the five analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $77.00.

COLM has been the subject of a number of analyst reports. Wedbush restated a “neutral” rating and set a $80.00 price objective on shares of Columbia Sportswear in a research report on Thursday, July 18th. Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and upped their price target for the stock from $84.00 to $92.00 in a research report on Monday, July 8th. Finally, StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Monday, July 29th.

Columbia Sportswear Price Performance

Columbia Sportswear stock opened at $79.80 on Friday. Columbia Sportswear has a 12 month low of $66.01 and a 12 month high of $87.23. The company has a fifty day moving average price of $80.65 and a two-hundred day moving average price of $80.36. The company has a market cap of $4.72 billion, a PE ratio of 19.46, a P/E/G ratio of 3.00 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) earnings per share for the quarter, topping 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 firm had revenue of $570.20 million for the quarter, compared to analyst estimates of $569.37 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. Columbia Sportswear’s quarterly revenue was down 8.2% on a year-over-year basis. Equities research analysts anticipate that Columbia Sportswear will post 3.85 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Thursday, August 15th. Columbia Sportswear’s payout ratio is currently 29.27%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in COLM. Pacer Advisors Inc. grew its position in Columbia Sportswear by 44.3% in the second quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock worth $117,107,000 after buying an additional 454,738 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Columbia Sportswear by 153.3% in the 2nd quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock valued at $48,722,000 after acquiring an additional 372,886 shares in the last quarter. Norges Bank acquired a new position in Columbia Sportswear in the 4th quarter worth approximately $22,526,000. AQR Capital Management LLC grew its position in Columbia Sportswear by 149.0% during the 2nd quarter. AQR Capital Management LLC now owns 195,933 shares of the textile maker’s stock worth $15,463,000 after purchasing an additional 117,260 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Columbia Sportswear by 28.3% during the 4th quarter. First Trust Advisors LP now owns 476,608 shares of the textile maker’s stock valued at $37,909,000 after purchasing an additional 105,193 shares during the period. 47.76% of the stock is currently owned by institutional investors.

About Columbia Sportswear

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.