StockNews.com Downgrades Columbia Sportswear (NASDAQ:COLM) to Hold

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

A number of other research analysts have also recently commented on the company. Wedbush reiterated a neutral rating and issued a $80.00 price target on shares of Columbia Sportswear in a research note on Thursday, July 18th. Stifel Nicolaus upgraded Columbia Sportswear from a hold rating to a buy rating and increased their target price for the company from $84.00 to $92.00 in a research report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $77.00.

Columbia Sportswear Trading Up 1.8 %

NASDAQ COLM traded up $1.44 on Friday, hitting $82.43. 215,553 shares of the company's stock were exchanged, compared to its average volume of 463,430. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $87.23. The stock has a 50-day moving average of $81.29 and a 200-day moving average of $80.53. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 3.01 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.34) by $0.14. The firm had revenue of $570.20 million for the quarter, compared to analysts' expectations of $569.37 million. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The business's revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 earnings per share. As a group, analysts predict that Columbia Sportswear will post 3.85 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Thursday, August 15th. Columbia Sportswear's payout ratio is presently 29.27%.

Institutional Trading of Columbia Sportswear

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of 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 buying an additional 225 shares in the last quarter. Headlands Technologies LLC increased its stake in Columbia Sportswear by 174.8% during the 1st quarter. Headlands Technologies LLC now owns 599 shares of the textile maker's stock valued at $49,000 after purchasing an additional 381 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in Columbia Sportswear during the first quarter worth $64,000. Dnca Finance bought a new position in shares of Columbia Sportswear in the second quarter valued at $68,000. Finally, Seven Eight Capital LP acquired a new position in shares of Columbia Sportswear during the first quarter valued at about $258,000. Institutional investors and hedge funds 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.