Columbia Sportswear (NASDAQ:COLM) Stock Price Down 5.2% on Analyst Downgrade

Columbia Sportswear (NASDAQ:COLM - Get Free Report)'s share price was down 5.2% during trading on Friday after Barclays lowered their price target on the stock from $64.00 to $62.00. Barclays currently has an equal weight rating on the stock. Columbia Sportswear traded as low as $58.44 and last traded at $59.03. Approximately 182,774 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 553,687 shares. The stock had previously closed at $62.27.

COLM has been the topic of several other research reports. UBS Group increased their price objective on Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research report on Monday, April 14th. Stifel Nicolaus cut their price objective on shares of Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a report on Friday. StockNews.com cut shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Citigroup reiterated a "neutral" rating and issued a $68.00 price target (down from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. One 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 stock. According to MarketBeat.com, Columbia Sportswear presently has a consensus rating of "Hold" and an average price target of $70.00.

Insider Activity at Columbia Sportswear

In related news, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction of $522,727.30. Following the sale, the director now directly owns 17,048 shares of the company's stock, valued at approximately $1,393,503.52. The trade was a 27.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total transaction of $369,440.00. Following the completion of the sale, the executive vice president now owns 14,283 shares in the company, valued at $1,319,177.88. This represents a 21.88 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Columbia Sportswear

Several large investors have recently bought and sold shares of COLM. Deutsche Bank AG increased its stake in shares of Columbia Sportswear by 3.7% in the fourth quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker's stock valued at $328,000 after buying an additional 141 shares during the period. Signaturefd LLC increased its position in Columbia Sportswear by 18.4% in the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock valued at $77,000 after acquiring an additional 142 shares during the period. Cairn Investment Group Inc. raised its stake in shares of Columbia Sportswear by 0.3% during the fourth quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker's stock valued at $3,750,000 after acquiring an additional 145 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Columbia Sportswear by 1.0% during the fourth quarter. Amalgamated Bank now owns 15,337 shares of the textile maker's stock worth $1,287,000 after purchasing an additional 146 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Columbia Sportswear by 43.2% in the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker's stock valued at $50,000 after purchasing an additional 181 shares during the period. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Trading Down 5.3 %

The firm has a market capitalization of $3.25 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 2.54 and a beta of 0.91. The company has a 50-day moving average of $73.54 and a 200-day moving average of $80.81.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its earnings results on Thursday, May 1st. The textile maker reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. The business had revenue of $778.45 million during the quarter, compared to the consensus estimate of $763.50 million. Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. Research analysts predict that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.03%. Columbia Sportswear's dividend payout ratio (DPR) is presently 31.01%.

About Columbia Sportswear

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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