Columbia Sportswear (NASDAQ:COLM) Receives Average Recommendation of “Hold” from Analysts

Columbia Sportswear (NASDAQ:COLM) has earned a consensus rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $77.00.

A number of analysts recently commented on the stock. Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and upped their price target for the company from $84.00 to $92.00 in a research note on Monday, July 8th. StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Wedbush reissued a “neutral” rating and issued a $80.00 price target on shares of Columbia Sportswear in a report on Thursday, July 18th.

Institutional Investors Weigh In On Columbia Sportswear

Several institutional investors have recently added to or reduced their stakes in COLM. International Assets Investment Management LLC purchased a new stake in shares of Columbia Sportswear in the 4th quarter worth about $6,982,000. Louisiana State Employees Retirement System purchased a new position in shares of Columbia Sportswear in the fourth quarter worth approximately $772,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Columbia Sportswear by 26.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,789 shares of the textile maker’s stock worth $699,000 after buying an additional 1,832 shares during the last quarter. Truist Financial Corp purchased a new position in shares of Columbia Sportswear in the fourth quarter worth approximately $7,415,000. Finally, Natixis Advisors L.P. lifted its holdings in Columbia Sportswear by 116.9% during the fourth quarter. Natixis Advisors L.P. now owns 82,197 shares of the textile maker’s stock valued at $6,537,000 after purchasing an additional 44,299 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Stock Performance

Columbia Sportswear stock opened at $83.74 on Monday. Columbia Sportswear has a fifty-two week low of $66.01 and a fifty-two week high of $87.23. The stock has a market cap of $4.95 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. The firm’s 50-day simple moving average is $79.66 and its 200 day simple moving average is $80.25.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.14. The firm had revenue of $570.20 million for the quarter, compared to analysts’ expectations of $569.37 million. Columbia Sportswear had a net margin of 6.72% and a return on equity of 13.01%. The company’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share. As a group, analysts predict that Columbia Sportswear will post 3.85 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, August 15th. Columbia Sportswear’s dividend payout ratio is currently 29.27%.

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.