StockNews.com Upgrades Columbia Sportswear (NASDAQ:COLM) to "Buy"

StockNews.com upgraded shares of Columbia Sportswear (NASDAQ:COLM - Free Report) from a hold rating to a buy rating in a research note published on Thursday morning.

Separately, TD Cowen raised their price target on Columbia Sportswear from $70.00 to $84.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Columbia Sportswear presently has an average rating of "Hold" and an average target price of $78.75.

Columbia Sportswear Stock Performance

COLM traded down $0.70 during trading on Thursday, reaching $87.88. 472,701 shares of the company traded hands, compared to its average volume of 462,669. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $88.92. The firm has a fifty day simple moving average of $82.47 and a 200 day simple moving average of $81.52. The company has a market cap of $5.03 billion, a P/E ratio of 24.28, a PEG ratio of 3.71 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.20. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The firm had revenue of $931.80 million during the quarter, compared to analyst estimates of $937.17 million. During the same period last year, the firm posted $1.70 earnings per share. Columbia Sportswear's revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, sell-side analysts expect that Columbia Sportswear will post 3.89 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.37%. Columbia Sportswear's dividend payout ratio (DPR) is 33.15%.

Institutional Trading of Columbia Sportswear

Institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. raised its holdings in shares of Columbia Sportswear by 44.3% in the second quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker's stock valued at $117,107,000 after acquiring an additional 454,738 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Columbia Sportswear by 153.3% in the second quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker's stock valued at $48,722,000 after acquiring an additional 372,886 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Columbia Sportswear by 149.0% in the second quarter. AQR Capital Management LLC now owns 195,933 shares of the textile maker's stock valued at $15,463,000 after acquiring an additional 117,260 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Columbia Sportswear in the third quarter valued at about $7,676,000. Finally, Marshall Wace LLP raised its holdings in shares of Columbia Sportswear by 1,574.3% in the second quarter. Marshall Wace LLP now owns 80,383 shares of the textile maker's stock valued at $6,357,000 after acquiring an additional 75,582 shares in the last quarter. 47.76% of the stock is currently owned by 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.