Columbia Sportswear (NASDAQ:COLM) Given Average Rating of “Reduce” by Brokerages

Shares of Columbia Sportswear (NASDAQ:COLM) have been given a consensus rating of “Reduce” by the five ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $75.75.

A number of brokerages recently weighed in on COLM. Stifel Nicolaus lifted their target price on Columbia Sportswear from $75.00 to $84.00 and gave the company a “hold” rating in a report on Friday. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, UBS Group cut their price target on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a report on Friday, February 2nd.

Columbia Sportswear Stock Up 1.3 %

Shares of NASDAQ:COLM opened at $80.00 on Tuesday. The business has a fifty day simple moving average of $78.80 and a 200-day simple moving average of $77.99. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $88.17. The company has a market cap of $4.76 billion, a P/E ratio of 19.51, a P/E/G ratio of 3.24 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.36. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.99%. The business had revenue of $769.98 million for the quarter, compared to analyst estimates of $740.62 million. During the same period in the prior year, the firm posted $0.74 EPS. The company’s revenue was down 6.2% on a year-over-year basis. Sell-side analysts expect that Columbia Sportswear will post 3.68 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, May 15th. Columbia Sportswear’s payout ratio is 29.27%.

Insider Activity at Columbia Sportswear

In other news, Director Stephen E. Babson sold 2,411 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $80.98, for a total transaction of $195,242.78. Following the completion of the transaction, the director now directly owns 122,879 shares in the company, valued at approximately $9,950,741.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Stephen E. Babson sold 2,411 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $80.98, for a total transaction of $195,242.78. Following the transaction, the director now owns 122,879 shares of the company’s stock, valued at $9,950,741.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald E. Nelson sold 5,768 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total value of $473,264.40. Following the sale, the director now owns 16,857 shares in the company, valued at approximately $1,383,116.85. The disclosure for this sale can be found here. 43.00% of the stock is currently owned by company insiders.

Institutional Trading of Columbia Sportswear

Several institutional investors have recently added to or reduced their stakes in COLM. International Assets Investment Management LLC acquired a new position in shares of Columbia Sportswear in the 4th quarter valued at about $6,982,000. Comerica Bank grew its holdings in shares of Columbia Sportswear by 67.5% during the third quarter. Comerica Bank now owns 57,191 shares of the textile maker’s stock valued at $4,238,000 after purchasing an additional 23,055 shares during the last quarter. Quadrature Capital Ltd increased its holdings in shares of Columbia Sportswear by 107.6% during the third quarter. Quadrature Capital Ltd now owns 90,642 shares of the textile maker’s stock valued at $6,718,000 after purchasing an additional 46,972 shares during the period. Morgan Stanley raised its stake in shares of Columbia Sportswear by 9.2% during the third quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker’s stock valued at $322,530,000 after purchasing an additional 366,854 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Columbia Sportswear in the third quarter worth about $1,264,000. Institutional investors own 47.76% of the company’s stock.

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.