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

Shares of Columbia Sportswear (NASDAQ:COLM) received an average recommendation of “Hold” from the ten rating agencies that cover the company, reports MarketBeat Ratings. One financial analyst rated the stock with a sell recommendation, five gave the company a hold recommendation and three gave the company a buy recommendation. The 1-year average price target among analysts who have rated the stock over the past year is $111.29.

COLM has been the subject of a number of research reports. Robert W. Baird downgraded Columbia Sportswear from an “outperforming” rating to a “neutral” rating and lowered its price target for the stock from $130.00 to $107.00 in a Tuesday, January 4, report. Seaport Res Ptn upgraded Columbia Sportswear from a “neutral” rating to a “buy” rating in a Friday, January 28 report. CL King upgraded Columbia Sportswear to a “buy” rating and set a price target of $117.00 on the stock in a Friday, February 4, report. Zacks Investment Research downgraded Columbia Sportswear from a “held” rating to a “sell” rating and set a price target of $104.00 for the stock. in a report on Tuesday, January 4. Finally, Wolfe Research downgraded Columbia Sportswear to a “neutral” rating in a report on Tuesday, January 4.

NASDAQ COLM opened at $96.37 on Friday. The company’s 50-day moving average price is $94.68 and its 200-day moving average price is $98.76. Columbia Sportswear has a 12-month low of $87.03 and a 12-month high of $114.98. The company has a market capitalization of $6.28 billion, a PE ratio of 17.98, a growth price-earnings ratio of 0.52 and a beta of 0.90.

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Columbia Sportswear Inc (NASDAQ:COLM) last reported results on Thursday, February 3. The textile maker reported earnings per share of $2.39 for the quarter, beating Thomson Reuters consensus estimate of $1.79 by $0.60. Columbia Sportswear had a return on equity of 18.93% and a net margin of 11.33%. In the same quarter of the previous year, the company achieved EPS of $1.44. Sell-side analysts expect Columbia Sportswear to post an EPS of 5.66 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 21. Shareholders of record on Friday, March 11 will receive a dividend of $0.30. This is a positive change from Columbia Sportswear’s previous quarterly dividend of $0.26. The ex-date of this dividend is Thursday, March 10. This represents an annualized dividend of $1.20 and a dividend yield of 1.25%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 19.40%.

A number of large investors have recently increased or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in Columbia Sportswear by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 498,456 shares of the textile maker valued at $48,569,000 after acquiring 25,737 additional shares last quarter. Renaissance Technologies LLC purchased a new stake in shares of Columbia Sportswear in Q4 valued at $10,670,000. Charles Schwab Investment Management Inc. increased its stake in shares of Columbia Sportswear by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 350,776 shares of the textile maker worth $34,180,000 after buying an additional 6,996 shares last quarter. Bridgefront Capital LLC bought a new stake in shares of Columbia Sportswear in the 4th quarter at a value of $361,000. Finally, Rhumbline Advisers increased its stake in Columbia Sportswear by 0.8% in the 4th quarter. Rhumbline Advisers now owns 96,674 shares of the textile maker worth $9,420,000 after buying an additional 771 shares last quarter. Institutional investors and hedge funds own 52.84% of the company’s shares.

Columbia Sportswear Company Profile

Columbia Sportswear Co engages in the design, supply, marketing and distribution of outdoor and active lifestyle apparel, footwear, accessories and equipment. It operates through the following geographic segments: United States; Latin America and Asia-Pacific; Europe, Middle East and Africa; and Canada.

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Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

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