StockNews.com downgraded shares of Columbia Sportswear (NASDAQ:COLM - Free Report) from a buy rating to a hold rating in a report released on Wednesday morning.
COLM has been the subject of a number of other research reports. Stifel Nicolaus raised their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. TD Cowen raised their price target on Columbia Sportswear from $70.00 to $84.00 and gave the company a "hold" rating in a report on Tuesday, November 26th.
Check Out Our Latest Stock Report on Columbia Sportswear
Columbia Sportswear Price Performance
Shares of NASDAQ:COLM traded down $0.39 during trading on Wednesday, hitting $79.27. 859,833 shares of the company's stock were exchanged, compared to its average volume of 513,862. The business's 50-day simple moving average is $86.15 and its 200 day simple moving average is $83.10. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $91.30. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 3.16 and a beta of 0.93.
Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. On average, sell-side analysts anticipate that Columbia Sportswear will post 4.12 EPS for the current fiscal year.
Columbia Sportswear Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. Columbia Sportswear's dividend payout ratio (DPR) is presently 31.01%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. raised its position in Columbia Sportswear by 19.8% during the third quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker's stock valued at $147,544,000 after purchasing an additional 292,716 shares during the period. Boston Trust Walden Corp increased its position in shares of Columbia Sportswear by 0.3% during the 4th quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker's stock valued at $107,778,000 after purchasing an additional 3,214 shares during the last quarter. Geode Capital Management LLC raised its holdings in Columbia Sportswear by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker's stock valued at $50,328,000 after buying an additional 4,727 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Columbia Sportswear by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker's stock worth $47,372,000 after buying an additional 13,800 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Columbia Sportswear by 11.6% during the fourth quarter. Bank of New York Mellon Corp now owns 418,531 shares of the textile maker's stock worth $35,127,000 after buying an additional 43,654 shares during the period. Institutional investors own 47.76% of the company's stock.
About Columbia Sportswear
(
Get Free Report)
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.
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