Columbia Sportswear (NASDAQ:COLM) rating lowered to hold at StockNews.com
StockNews.com cut shares by Columbia Sportswear (NASDAQ:COLM – Get Note) from a buy rating to a hold rating in a research report released Friday morning.
A number of other stock analysts have also recently released reports on the stock. Wolfe Research cut shares of Columbia Sportswear to a neutral rating in a Tuesday, Jan. 4, research report. CL King upgraded shares of Columbia Sportswear to a Buy rating and set a target price of $117.00 on the stock in a research note on Friday, February 4. Zacks Investment Research cut shares of Columbia Sportswear from a buy rating to a hold rating and set a target price of $92.00 for the company. in a report on Tuesday, April 12. Bank of America downgraded shares of Columbia Sportswear from a neutral to an underperforming rating and lowered its price target for the stock from $108.00 to $80.00 in a research note on Friday. Finally, Robert W. Baird lowered his target price on Columbia Sportswear shares from $110.00 to $100.00 in a research report on Friday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned the company’s stock a buy rating. According to data from MarketBeat, Columbia Sportswear currently has a consensus rating of Hold and an average target price of $104.57.
NASDAQ:COLM opened at $82.16 on Friday. Columbia Sportswear has a one-year low of $80.02 and a one-year high of $110.44. The company has a 50-day moving average of $89.68 and a 200-day moving average of $94.84. The company has a market capitalization of $5.17 billion, a PE ratio of 14.80, a PEG ratio of 1.67 and a beta of 0.90.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last announced its quarterly results on Thursday, April 28. The textile maker reported EPS of $1.03 for the quarter, beating the Zacks consensus estimate of $0.85 by $0.18. Columbia Sportswear had a net margin of 11.33% and a return on equity of 18.64%. The company posted revenue of $761.50 million for the quarter, compared to analysts’ expectations of $762.88 million. During the same period a year earlier, the company posted EPS of $0.84. Columbia Sportswear revenue increased 21.7% compared to the same quarter last year. As a group, equity research analysts expect Columbia Sportswear to post earnings per share of 5.76 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 2. Shareholders of record on Thursday, May 19 will receive a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 18. This represents a dividend of $1.20 on an annualized basis and a yield of 1.46%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 21.62%.
Several hedge funds have recently increased or reduced their holdings in the stock. Atlanta Capital Management Co. LLC increased its holdings of Columbia Sportswear stock by 3.5% during the fourth quarter. Atlanta Capital Management Co. LLC now owns 3,104,900 shares of the textile maker worth $302,541,000 after purchasing an additional 104,451 shares during the period. JPMorgan Chase & Co. increased its position in Columbia Sportswear by 36.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,374,952 shares of the textile maker worth $133,975,000 after buying an additional 366,034 shares last quarter. Invesco Ltd. increased its position in Columbia Sportswear by 2.2% in the third quarter. Invesco Ltd. now owns 1,362,159 shares of the textile maker worth $130,550,000 after buying 29,946 additional shares last quarter. Boston Trust Walden Corp increased its stake in Columbia Sportswear by 64.9% in the 1st quarter. Boston Trust Walden Corp now owns 965,434 shares of the textile maker worth $87,401,000 after buying an additional 380,140 shares in the last quarter. Finally, State Street Corp increased its stake in Columbia Sportswear by 2.7% in the 4th quarter. State Street Corp now owns 930,428 shares of the textile maker worth $90,661,000 after buying an additional 24,224 shares in the last quarter. Hedge funds and other institutional investors hold 53.95% of the company’s shares.
About Columbia Sportswear (Get a rating)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia- Pacific, Europe, Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.
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