Columbia Sportswear Company (COLM) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts are broadly neutral: Columbia Sportswear has an average “Hold” rating from six analysts, with a consensus 12-month price target of $66.40.
• Quarterly results beat estimates: The company reported EPS of $1.66 versus $1.28 expected and revenue of $962.6 million, up 2% year over year.
• The company announced a dividend: Its quarterly payment of $0.30 per share equates to $1.20 annually, or a stated yield of 1.7%.

Shares of Columbia Sportswear Company (NASDAQ:COLM - Get Free Report) have received an average rating of "Hold" from the six analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $66.40.

A number of equities analysts have issued reports on COLM shares. UBS Group reaffirmed a "sell" rating and issued a $49.00 price objective (up from $47.00) on shares of Columbia Sportswear in a research note on Friday, October 30th. Zacks Research cut shares of Columbia Sportswear from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 20th. Robert W. Baird set a $65.00 price target on Columbia Sportswear in a research note on Friday, July 31st. Stifel Nicolaus set a $67.00 price target on Columbia Sportswear and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, Citigroup restated a "neutral" rating and issued a $68.00 price target (up from $67.00) on shares of Columbia Sportswear in a research report on Wednesday, July 22nd.

Columbia Sportswear Stock Up 2.9%

Shares of COLM stock opened at $72.45 on Tuesday. The stock has a 50-day moving average price of $59.88 and a 200 day moving average price of $60.24. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 15.89 and a beta of 0.88. Columbia Sportswear has a 12 month low of $49.56 and a 12 month high of $73.03.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The textile maker reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.38. Columbia Sportswear had a return on equity of 11.71% and a net margin of 6.97%. The firm had revenue of $962.58 million during the quarter, compared to analysts' expectations of $944.91 million. During the same period in the previous year, the business posted $1.41 EPS. The company's quarterly revenue was up 2.0% compared to the same quarter last year. Sell-side analysts predict that Columbia Sportswear will post 3.91 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $1.20 annualized dividend and a yield of 1.7%. Columbia Sportswear's dividend payout ratio is presently 26.32%.

Insiders Place Their Bets

In other news, EVP Lisa Kulok sold 6,857 shares of the business's stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $68.47, for a total transaction of $469,498.79. Following the completion of the transaction, the executive vice president directly owned 8,180 shares in the company, valued at approximately $560,084.60. The trade was a 45.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph Boyle sold 19,129 shares of the company's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $70.47, for a total value of $1,348,020.63. Following the completion of the sale, the insider directly owned 2,776,714 shares of the company's stock, valued at approximately $195,675,035.58. This trade represents a 0.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 26,361 shares of company stock worth $1,844,073. Insiders own 51.90% of the company's stock.

Institutional Investors Weigh In On Columbia Sportswear

Large investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Columbia Sportswear during the second quarter worth $152,164,000. Dimensional Fund Advisors LP grew its holdings in shares of Columbia Sportswear by 15.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,222,770 shares of the textile maker's stock valued at $121,824,000 after buying an additional 301,277 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Columbia Sportswear in the 2nd quarter valued at $16,691,000. Quantinno Capital Management LP increased its position in shares of Columbia Sportswear by 7.6% in the 1st quarter. Quantinno Capital Management LP now owns 292,953 shares of the textile maker's stock valued at $16,057,000 after buying an additional 20,797 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Columbia Sportswear in the 2nd quarter valued at $15,746,000. Institutional investors own 47.76% of the company's stock.

About Columbia Sportswear

Columbia Sportswear Company designs, sources, markets and distributes outdoor and active-lifestyle apparel, footwear, accessories and equipment. Its products serve activities such as hiking, skiing, fishing and other outdoor pursuits, as well as everyday wear.

The company's portfolio includes the Columbia, SOREL, Mountain Hardwear and prAna brands. Its offerings range from jackets, shirts and pants to boots, shoes, backpacks and other outdoor accessories.

Founded in 1938 as a hat distributor in Portland, Oregon, Columbia Sportswear has grown into a global business.

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