Columbia Sportswear Company (NASDAQ:COLM) Receives Average Rating of "Hold" from Brokerages

Key Points

• Columbia Sportswear Company has received an average rating of "Hold" from analysts, with one sell, five hold, and one buy rating among seven rating firms covering the stock.
• The company's latest earnings report showed a quarterly revenue of $605.25 million, surpassing analysts' estimates, and a positive EPS of ($0.19), beating estimates by $0.09.
• Columbia Sportswear announced a quarterly dividend of $0.30 per share, representing an annualized dividend yield of 2.2% with a payout ratio of 30.61%.

Shares of Columbia Sportswear Company (NASDAQ:COLM - Get Free Report) have been assigned a consensus rating of "Hold" from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $60.80.

COLM has been the subject of a number of recent research reports. Needham & Company LLC initiated coverage on shares of Columbia Sportswear in a research note on Friday, May 30th. They set a "hold" rating for the company. UBS Group lowered their target price on shares of Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating for the company in a research note on Friday, August 1st. Citigroup reduced their price target on shares of Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, August 1st. Barclays reduced their target price on shares of Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Finally, Cfra Research raised shares of Columbia Sportswear to a "hold" rating in a research report on Monday, August 4th.

Hedge Funds Weigh In On Columbia Sportswear

A number of hedge funds have recently bought and sold shares of the company. Elevation Point Wealth Partners LLC bought a new stake in shares of Columbia Sportswear during the second quarter valued at about $31,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Columbia Sportswear during the first quarter valued at approximately $38,000. Jones Financial Companies Lllp grew its position in Columbia Sportswear by 208.3% during the first quarter. Jones Financial Companies Lllp now owns 555 shares of the textile maker's stock valued at $42,000 after acquiring an additional 375 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Columbia Sportswear by 255.7% during the second quarter. EverSource Wealth Advisors LLC now owns 683 shares of the textile maker's stock valued at $42,000 after acquiring an additional 491 shares during the last quarter. Finally, Quarry LP bought a new position in Columbia Sportswear during the first quarter valued at approximately $44,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

Columbia Sportswear Stock Up 1.4%

NASDAQ:COLM opened at $53.45 on Friday. The firm has a market cap of $2.93 billion, a PE ratio of 13.64 and a beta of 1.00. Columbia Sportswear has a 12 month low of $48.10 and a 12 month high of $92.88. The company's 50-day moving average price is $59.06 and its two-hundred day moving average price is $68.32.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its earnings results on Thursday, July 31st. The textile maker reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates of ($0.28) by $0.09. Columbia Sportswear had a net margin of 6.59% and a return on equity of 12.97%. The company had revenue of $605.25 million during the quarter, compared to the consensus estimate of $587.97 million. During the same period in the previous year, the firm posted ($0.20) earnings per share. The company's revenue was up 6.1% on a year-over-year basis. On average, research analysts expect that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be paid a $0.30 dividend. The ex-dividend date is Thursday, August 21st. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. Columbia Sportswear's payout ratio is currently 30.61%.

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.

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