Columbia Sportswear (NASDAQ:COLM) Hits New 12-Month Low - Here's What Happened

Key Points

• Columbia Sportswear's stock has hit a new 52-week low, trading at $58.18, reflecting a significant drop from a previous close of $59.34 and suggesting potential volatility in its valuation.
• Recent analyst ratings show a consensus "Hold" with a price target adjustment to $68.00, as industry analysts express mixed opinions, with one sell rating, five holds, and one buy rating.
• The company's quarterly earnings outperformed expectations, reporting $0.75 EPS on revenue of $778.45 million, which is a 1.1% increase year over year, but raises questions about future growth amidst current stock trends.

Columbia Sportswear Company (NASDAQ:COLM - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $58.24 and last traded at $58.18, with a volume of 375003 shares changing hands. The stock had previously closed at $59.34.

Analyst Ratings Changes

Several equities analysts have weighed in on COLM shares. Needham & Company LLC assumed coverage on Columbia Sportswear in a report on Friday, May 30th. They set a "hold" rating for the company. Barclays dropped their price objective on Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating for the company in a research note on Friday. Stifel Nicolaus dropped their price objective on Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating for the company in a research note on Friday. UBS Group lowered their price target on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating on the stock in a research report on Friday. Finally, Citigroup restated a "neutral" rating and set a $68.00 price target (down previously from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. One research 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's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $62.20.

Columbia Sportswear Trading Down 14.2%

The company has a market cap of $2.68 billion, a PE ratio of 12.41, a P/E/G ratio of 3.96 and a beta of 0.97. The business has a fifty day moving average of $61.81 and a 200-day moving average of $71.29.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted 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 return on equity of 12.57% and a net margin of 6.61%. The firm had revenue of $605.25 million for the quarter, compared to the consensus estimate of $587.97 million. During the same quarter in the prior year, the business earned ($0.20) EPS. The business's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, research analysts predict that Columbia Sportswear Company will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.5%. Columbia Sportswear's dividend payout ratio (DPR) is presently 30.69%.

Insider Transactions at Columbia Sportswear

In related news, Director Stephen E. Babson sold 2,776 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $65.94, for a total value of $183,049.44. Following the transaction, the director directly owned 128,309 shares of the company's stock, valued at approximately $8,460,695.46. This represents a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 48.30% of the company's stock.

Institutional Investors Weigh In On Columbia Sportswear

Hedge funds have recently added to or reduced their stakes in the stock. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Columbia Sportswear in the 1st quarter worth $38,000. Jones Financial Companies Lllp lifted its holdings in shares of Columbia Sportswear by 208.3% in the 1st 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. Quarry LP bought a new position in shares of Columbia Sportswear in the 1st quarter valued at about $44,000. Whipplewood Advisors LLC lifted its holdings in shares of Columbia Sportswear by 12,400.0% in the 1st quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker's stock valued at $47,000 after acquiring an additional 620 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Columbia Sportswear by 1,943.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 899 shares of the textile maker's stock worth $68,000 after purchasing an additional 855 shares during the last quarter. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

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.