Columbia Sportswear (NASDAQ:COLM) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Columbia Sportswear (NASDAQ:COLM) from a buy rating to a hold rating in a research note published on Wednesday.

A number of other analysts have also commented on the company. Stifel Nicolaus boosted their price target on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. TD Cowen boosted their target price on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th.

Columbia Sportswear Stock Performance

NASDAQ COLM opened at $80.97 on Wednesday. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 3.32 and a beta of 0.93. The business has a 50 day simple moving average of $86.46 and a 200 day simple moving average of $83.05. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $91.30.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. On average, analysts predict that Columbia Sportswear will post 3.96 EPS for the current year.

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear’s payout ratio is 31.01%.

Institutional Trading of Columbia Sportswear

Several institutional investors and hedge funds have recently bought and sold shares of COLM. GAMMA Investing LLC grew its stake in Columbia Sportswear by 51.3% in the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 142 shares in the last quarter. Cairn Investment Group Inc. boosted its holdings in shares of Columbia Sportswear by 0.3% in the 4th quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker’s stock valued at $3,750,000 after buying an additional 145 shares during the last quarter. Amalgamated Bank grew its stake in shares of Columbia Sportswear by 1.0% in the fourth quarter. Amalgamated Bank now owns 15,337 shares of the textile maker’s stock valued at $1,287,000 after buying an additional 146 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Columbia Sportswear by 184.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker’s stock worth $25,000 after buying an additional 194 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Columbia Sportswear by 33.6% during the fourth quarter. Blue Trust Inc. now owns 942 shares of the textile maker’s stock worth $78,000 after acquiring an additional 237 shares in the last quarter. Institutional investors 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.