Columbia Sportswear (NASDAQ:COLM) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Columbia Sportswear (NASDAQ:COLM) from a hold rating to a buy rating in a research note released on Friday.

A number of other equities analysts also recently commented on COLM. Stifel Nicolaus raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and raised their target price for the company from $84.00 to $92.00 in a research note on Monday, July 8th. Wedbush restated a “neutral” rating and set a $80.00 price objective on shares of Columbia Sportswear in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $77.00.

Columbia Sportswear Stock Up 1.8 %

COLM stock opened at $81.78 on Friday. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.96 and a beta of 0.92. The business has a fifty day simple moving average of $80.91 and a 200-day simple moving average of $80.93. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The company had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. During the same period last year, the business posted $1.70 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. As a group, analysts expect that Columbia Sportswear will post 3.9 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear’s payout ratio is 33.15%.

Institutional Trading of Columbia Sportswear

A number of hedge funds and other institutional investors have recently modified their holdings of COLM. Blue Trust Inc. increased its holdings in Columbia Sportswear by 116.6% during the 2nd quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after purchasing an additional 225 shares during the last quarter. GAMMA Investing LLC boosted its stake in Columbia Sportswear by 51.3% during the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 142 shares during the last quarter. Headlands Technologies LLC increased its position in shares of Columbia Sportswear by 174.8% in the 1st quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock worth $49,000 after purchasing an additional 381 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Columbia Sportswear in the 3rd quarter valued at about $65,000. Finally, Dnca Finance bought a new position in shares of Columbia Sportswear during the second quarter worth about $68,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

About Columbia Sportswear

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.