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

Columbia Sportswear (NASDAQ:COLM – Get Rating) has earned an average recommendation of “Hold” from the twelve brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $102.00.

A number of analysts recently weighed in on COLM shares. CL King raised shares of Columbia Sportswear to a “buy” rating and set a $117.00 price target for the company in a report on Friday, February 4th. Bank of America lowered shares of Columbia Sportswear from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $108.00 to $80.00 in a report on Friday, April 29th. StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Friday, April 29th. Seaport Res Ptn raised shares of Columbia Sportswear from a “neutral” rating to a “buy” rating in a research note on Friday, January 28th. Finally, Robert W. Baird reduced their price objective on shares of Columbia Sportswear from $110.00 to $100.00 in a research note on Friday, April 29th.

In related news, Director Ronald E. Nelson sold 3,706 shares of the business’s stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $80.16, for a total value of $297,072.96. Following the sale, the director now directly owns 14,402 shares of the company’s stock, valued at approximately $1,154,464.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen E. Babson sold 2,568 shares of the business’s stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $81.14, for a total transaction of $208,367.52. Following the completion of the sale, the director now directly owns 112,627 shares in the company, valued at $9,138,554.78. The disclosure for this sale can be found here. Company insiders own 41.15% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of COLM. Morgan Stanley lifted its position in Columbia Sportswear by 106.0% in the 2nd quarter. Morgan Stanley now owns 130,478 shares of the textile maker’s stock valued at $12,834,000 after acquiring an additional 67,154 shares in the last quarter. Principal Financial Group Inc. increased its stake in Columbia Sportswear by 12.7% in the 3rd quarter. Principal Financial Group Inc. now owns 123,058 shares of the textile maker’s stock valued at $11,794,000 after buying an additional 13,851 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Columbia Sportswear by 35.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 5,348 shares of the textile maker’s stock valued at $513,000 after buying an additional 1,412 shares during the last quarter. Alliancebernstein L.P. increased its stake in Columbia Sportswear by 8.9% in the 3rd quarter. Alliancebernstein L.P. now owns 55,489 shares of the textile maker’s stock valued at $5,318,000 after buying an additional 4,519 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in Columbia Sportswear by 19.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 5,578 shares of the textile maker’s stock valued at $535,000 after buying an additional 904 shares during the last quarter. 48.65% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ COLM opened at $74.19 on Tuesday. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 1.49 and a beta of 0.90. The company has a 50 day moving average of $85.89 and a 200-day moving average of $92.29. Columbia Sportswear has a 1-year low of $73.46 and a 1-year high of $107.50.

Columbia Sportswear (NASDAQ:COLM – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The textile maker reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.17. The business had revenue of $761.50 million during the quarter, compared to analyst estimates of $762.88 million. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. Columbia Sportswear’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share. Research analysts expect that Columbia Sportswear will post 5.88 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Shareholders of record on Thursday, May 19th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 18th. This represents a $1.20 dividend on an annualized basis and a yield of 1.62%. Columbia Sportswear’s payout ratio is presently 21.62%.

About Columbia Sportswear (Get Rating)

Columbia Sportswear Company, together with its subsidiaries, designs, sources, 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 that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.

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