Columbia Sportswear (NASDAQ:COLM) Given Average Recommendation of “Hold” by Analysts

Shares of Columbia Sportswear (NASDAQ:COLM) have earned an average recommendation of “Hold” from the four analysts that are presently 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 issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $78.75.

COLM has been the topic of several research reports. StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. TD Cowen boosted their target price on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a report on Tuesday, November 26th.

Columbia Sportswear Stock Up 1.0 %

Shares of COLM stock opened at $88.10 on Tuesday. The firm has a market cap of $5.04 billion, a P/E ratio of 24.34, a PEG ratio of 3.66 and a beta of 0.92. The company has a 50 day moving average of $82.02 and a 200-day moving average of $81.39. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $88.62.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The firm had revenue of $931.80 million for the quarter, compared to analyst estimates of $937.17 million. During the same period in the previous year, the company posted $1.70 earnings per share. The business’s revenue was down 5.5% on a year-over-year basis. As a group, equities analysts expect that Columbia Sportswear will post 3.89 EPS for the current year.

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Wednesday, November 20th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 33.15%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Columbia Sportswear by 51.3% in the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after buying an additional 142 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Columbia Sportswear by 116.6% during the 2nd quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 225 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Columbia Sportswear by 1.0% during the third quarter. GHP Investment Advisors Inc. now owns 28,355 shares of the textile maker’s stock worth $2,359,000 after purchasing an additional 275 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Columbia Sportswear by 7.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,698 shares of the textile maker’s stock worth $348,000 after purchasing an additional 336 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of Columbia Sportswear by 1.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 24,707 shares of the textile maker’s stock worth $2,005,000 after purchasing an additional 413 shares during the last quarter. 47.76% of the stock is owned by 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.