StockNews.com cut shares by Columbia Sportswear (NASDAQ:COLM – Get Note) from a buy rating to a hold rating in a research report released Friday morning.
A number of other stock analysts have also recently released reports on the stock. Wolfe Research cut shares of Columbia Sportswear to a neutral rating in a Tuesday, Jan. 4, research report. CL King upgraded shares of Columbia Sportswear to a Buy rating and set a target price of $117.00 on the stock in a research note on Friday, February 4. Zacks Investment Research cut shares of Columbia Sportswear from a buy rating to a hold rating and set a target price of $92.00 for the company. in a report on Tuesday, April 12. Bank of America downgraded shares of Columbia Sportswear from a neutral to an underperforming rating and lowered its price target for the stock from $108.00 to $80.00 in a research note on Friday. Finally, Robert W. Baird lowered his target price on Columbia Sportswear shares from $110.00 to $100.00 in a research report on Friday. One research analyst rated the stock with a sell rating, six assigned a hold rating and three gave the company’s stock a buy rating. According to data from MarketBeat, Columbia Sportswear currently has a consensus rating of Hold and an average target price of $104.57.
NASDAQ:COLM opened at $82.16 on Friday. Columbia Sportswear has a one-year low of $80.02 and a one-year high of $110.44. The company has a 50-day moving average of $89.68 and a 200-day moving average of $94.84. The company has a market capitalization of $5.17 billion, a PE ratio of 14.80, a PEG ratio of 1.67 and a beta of 0.90.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last announced its quarterly results on Thursday, April 28. The textile maker reported EPS of $1.03 for the quarter, beating the Zacks consensus estimate of $0.85 by $0.18. Columbia Sportswear had a net margin of 11.33% and a return on equity of 18.64%. The company posted revenue of $761.50 million for the quarter, compared to analysts’ expectations of $762.88 million. During the same period a year earlier, the company posted EPS of $0.84. Columbia Sportswear revenue increased 21.7% compared to the same quarter last year. As a group, equity research analysts expect Columbia Sportswear to post earnings per share of 5.76 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 2. Shareholders of record on Thursday, May 19 will receive a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 18. This represents a dividend of $1.20 on an annualized basis and a yield of 1.46%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 21.62%.
Several hedge funds have recently increased or reduced their holdings in the stock. Atlanta Capital Management Co. LLC increased its holdings of Columbia Sportswear stock by 3.5% during the fourth quarter. Atlanta Capital Management Co. LLC now owns 3,104,900 shares of the textile maker worth $302,541,000 after purchasing an additional 104,451 shares during the period. JPMorgan Chase & Co. increased its position in Columbia Sportswear by 36.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,374,952 shares of the textile maker worth $133,975,000 after buying an additional 366,034 shares last quarter. Invesco Ltd. increased its position in Columbia Sportswear by 2.2% in the third quarter. Invesco Ltd. now owns 1,362,159 shares of the textile maker worth $130,550,000 after buying 29,946 additional shares last quarter. Boston Trust Walden Corp increased its stake in Columbia Sportswear by 64.9% in the 1st quarter. Boston Trust Walden Corp now owns 965,434 shares of the textile maker worth $87,401,000 after buying an additional 380,140 shares in the last quarter. Finally, State Street Corp increased its stake in Columbia Sportswear by 2.7% in the 4th quarter. State Street Corp now owns 930,428 shares of the textile maker worth $90,661,000 after buying an additional 24,224 shares in the last quarter. Hedge funds and other institutional investors hold 53.95% of the company’s shares.
About Columbia Sportswear (Get an assessment)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia Pacific, Europe, the Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.
Get news and reviews for Columbia Sportswear Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Columbia Sportswear and related companies with MarketBeat.com’s free daily email newsletter.