Columbia Sportswear (NASDAQ:COLM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Columbia Sportswear (NASDAQ:COLM) have earned an average rating of “Hold” from the four research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $78.75.

Several analysts have recently weighed in on the company. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Friday, November 1st. TD Cowen upped their price target on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a report on Tuesday.

Columbia Sportswear Trading Down 0.7 %

COLM traded down $0.66 during trading on Tuesday, reaching $87.41. 144,934 shares of the company were exchanged, compared to its average volume of 462,964. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $88.62. The firm has a 50 day moving average of $81.53 and a 200 day moving average of $81.28. The stock has a market cap of $5.00 billion, a P/E ratio of 24.15, a PEG ratio of 3.52 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.20. The business had revenue of $931.80 million during the quarter, compared to the consensus estimate of $937.17 million. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The business’s revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.70 earnings per share. As a group, analysts forecast that Columbia Sportswear will post 3.87 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be given a $0.30 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.37%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 33.15%.

Institutional Trading of Columbia Sportswear

Hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in Columbia Sportswear by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker’s stock worth $50,328,000 after purchasing an additional 4,727 shares during the last quarter. Petrus Trust Company LTA acquired a new stake in shares of Columbia Sportswear in the third quarter valued at about $715,000. Holocene Advisors LP lifted its holdings in shares of Columbia Sportswear by 71.8% during the third quarter. Holocene Advisors LP now owns 57,200 shares of the textile maker’s stock worth $4,758,000 after buying an additional 23,909 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Columbia Sportswear by 0.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 107,102 shares of the textile maker’s stock valued at $8,910,000 after purchasing an additional 794 shares during the last quarter. Finally, Bridgewater Associates LP increased its holdings in shares of Columbia Sportswear by 3.1% during the 3rd quarter. Bridgewater Associates LP now owns 46,488 shares of the textile maker’s stock worth $3,867,000 after purchasing an additional 1,410 shares during the period. 47.76% of the stock is owned by hedge funds and other 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.