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

Columbia Sportswear Company (NASDAQ:COLM - Get Free Report) has been given a consensus rating of "Hold" by the seven analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $70.00.

Several brokerages have issued reports on COLM. Citigroup restated a "neutral" rating and set a $68.00 price objective (down from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. Needham & Company LLC began coverage on shares of Columbia Sportswear in a research report on Friday, May 30th. They set a "hold" rating for the company. UBS Group raised their price objective on shares of Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research report on Monday, April 14th. Barclays cut their price objective on shares of Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Finally, Stifel Nicolaus dropped their price target on shares of Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, May 2nd.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $65.94, for a total transaction of $183,049.44. Following the sale, the director now owns 128,309 shares of the company's stock, valued at approximately $8,460,695.46. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 48.30% of the company's stock.

Institutional Trading of Columbia Sportswear

Institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its stake in shares of 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 purchasing an additional 13,800 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Columbia Sportswear during the fourth quarter valued at about $1,904,000. Proficio Capital Partners LLC acquired a new position in shares of Columbia Sportswear during the fourth quarter valued at about $1,472,000. State of Alaska Department of Revenue raised its holdings in shares of Columbia Sportswear by 287.2% during the first quarter. State of Alaska Department of Revenue now owns 39,143 shares of the textile maker's stock valued at $2,962,000 after purchasing an additional 29,035 shares during the period. Finally, Truist Financial Corp raised its holdings in shares of Columbia Sportswear by 143.6% during the fourth quarter. Truist Financial Corp now owns 11,907 shares of the textile maker's stock valued at $999,000 after purchasing an additional 7,019 shares during the period. Institutional investors own 47.76% of the company's stock.

Columbia Sportswear Stock Performance

Columbia Sportswear stock opened at $61.43 on Friday. Columbia Sportswear has a 52 week low of $58.44 and a 52 week high of $92.88. The stock has a market capitalization of $3.39 billion, a P/E ratio of 15.71, a PEG ratio of 4.11 and a beta of 1.00. The stock has a 50-day simple moving average of $63.43 and a 200 day simple moving average of $75.16.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The textile maker reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. Columbia Sportswear had a return on equity of 12.57% and a net margin of 6.61%. The business had revenue of $778.45 million during the quarter, compared to analysts' expectations of $763.50 million. During the same quarter last year, the company posted $0.71 earnings per share. Columbia Sportswear's quarterly revenue was up 1.1% on a year-over-year basis. Research analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were given a dividend of $0.30 per share. The ex-dividend date was Thursday, May 22nd. This represents a $1.20 annualized dividend and a yield of 1.95%. Columbia Sportswear's dividend payout ratio is currently 30.69%.

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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