Columbia sportswear

Columbia Sportswear (NASDAQ:COLM) Receives Consensus “Hold” Recommendation From Analysts

Shares of Columbia Sportswear (NASDAQ:COLM – Get Rating) earned an average rating of “Hold” from the twelve analysts who currently cover the company, reports Marketbeat Ratings. One analyst rated the stock with a sell rating, four gave the company a hold rating and four gave the company a buy rating. The 12-month average price target among analysts who have rated the stock over the past year is $86.50.

COLM has been the subject of several analyst reports. Robert W. Baird lowered his price target on Columbia Sportswear from $85.00 to $82.00 and set a “neutral” rating for the company in a Thursday, July 28 research note. Citigroup lowered its price target on Columbia Sportswear from $98.00 to $80.00 in a Thursday, July 28 research note. Cowen raised its price target on Columbia Sportswear from $85.00 to $86.00 and gave the company an “outperform” rating in a Tuesday, September 27 research report. UBS Group reduced its price target on Columbia Sportswear from $83.00 to $80.00 and set a “neutral” rating for the company in a Thursday, July 28 research report. Finally, Stifel Nicolaus reduced his price target on Columbia Sportswear from $100.00 to $81.00 in a Wednesday, July 20 research report.

Insider Trading at Columbia Sportswear

Separately, Chief Financial Officer Jim A. Swanson purchased 500 shares of the company in a transaction dated Monday, August 29. The shares were purchased at an average cost of $72.99 per share, with a total value of $36,495.00. Following the completion of the acquisition, the CFO now directly owns 5,197 shares of the company, valued at $379,329.03. The purchase was disclosed in a document filed with the SEC, accessible via this hyperlink. Company insiders own 42.37% of the company’s shares.

Hedge funds weigh on Columbia Sportswear

A number of large investors have recently changed their positions in the stock. AE Wealth Management LLC bought a new stake in shares of Columbia Sportswear in the first quarter worth $375,000. Boston Trust Walden Corp raised its position in shares of Columbia Sportswear by 64.9% in the first 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 last quarter. Zürcher Kantonalbank Zürcher Kantonalbank increased its position in Columbia Sportswear shares by 16.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,206 shares of the textile maker worth $471,000 after buying 730 additional shares last quarter. The Louisiana State Employees Retirement System increased its position in Columbia Sportswear stock 2.2% in the first quarter. The Louisiana State Employees Retirement System now owns 9,100 shares of the textile maker worth $817,000 after buying 200 more shares last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Columbia Sportswear in the first quarter worth $31,000. 48.56% of the shares are held by institutional investors.

Columbia Sportswear Inventory Performance

COLM stock opened at $71.05 on Friday. The stock’s 50-day simple moving average is $72.50 and its 200-day simple moving average is $76.04. Columbia Sportswear has a fifty-two week low of $65.02 and a fifty-two week high of $107.50. The company has a market capitalization of $4.47 billion, a P/E ratio of 14.07, a price-to-earnings growth ratio of 1.39 and a beta of 0.86.

Columbia Sportswear (NASDAQ:COLM – Get Rating) last released quarterly earnings data on Wednesday, July 27. The textile maker reported EPS of $0.11 for the quarter, beating the consensus estimate of $0.04 by $0.07. The company posted revenue of $578.06 million in the quarter, versus a consensus estimate of $592.35 million. Columbia Sportswear had a return on equity of 17.87% and a net margin of 10.13%. The company’s quarterly revenue increased by 2.1% compared to the same quarter last year. In the same period a year earlier, the company posted earnings per share of $0.61. Stock analysts predict Columbia Sportswear will post earnings per share of 5.17 for the current year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 31. Shareholders of record on Wednesday August 17 received a dividend of $0.30. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Tuesday, August 16. Columbia Sportswear’s payout ratio is currently 23.76%.

About Columbia Sportswear

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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, the 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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Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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