Columbia Sportswear (NASDAQ:COLM) Receives Average Recommendation of "Reduce" from Analysts

Columbia Sportswear (NASDAQ:COLM - Get Free Report) has earned a consensus rating of "Reduce" from the six research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $78.00.

Several equities research analysts have weighed in on the company. UBS Group cut their price target on Columbia Sportswear from $62.00 to $59.00 and set a "sell" rating on the stock in a research report on Friday, February 2nd. StockNews.com lowered shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Tuesday, January 9th. Finally, TheStreet raised shares of Columbia Sportswear from a "c+" rating to a "b-" rating in a research note on Monday, December 11th.

Columbia Sportswear Stock Performance

Shares of NASDAQ COLM traded up $1.56 during mid-day trading on Friday, hitting $81.18. The stock had a trading volume of 479,518 shares, compared to its average volume of 510,735. The company has a 50 day moving average of $80.04 and a two-hundred day moving average of $77.20. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $91.63. The firm has a market cap of $4.91 billion, a PE ratio of 19.66, a PEG ratio of 3.25 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its earnings results on Thursday, February 1st. The textile maker reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.14). The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. Columbia Sportswear had a net margin of 7.21% and a return on equity of 14.11%. Equities research analysts predict that Columbia Sportswear will post 3.7 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Thursday, March 7th. Columbia Sportswear's dividend payout ratio (DPR) is 29.06%.

Insiders Place Their Bets

In other news, Director Ronald E. Nelson sold 5,768 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total transaction of $473,264.40. Following the completion of the sale, the director now owns 16,857 shares in the company, valued at approximately $1,383,116.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Columbia Sportswear news, Director Stephen E. Babson sold 2,411 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $80.98, for a total value of $195,242.78. Following the completion of the transaction, the director now owns 122,879 shares in the company, valued at $9,950,741.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald E. Nelson sold 5,768 shares of the business's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total transaction of $473,264.40. Following the completion of the transaction, the director now owns 16,857 shares of the company's stock, valued at approximately $1,383,116.85. The disclosure for this sale can be found here. Corporate insiders own 43.00% of the company's stock.

Hedge Funds Weigh In On Columbia Sportswear

Several institutional investors have recently modified their holdings of the business. Kapitalo Investimentos Ltda grew its stake in shares of Columbia Sportswear by 9.9% in the fourth quarter. Kapitalo Investimentos Ltda now owns 3,694 shares of the textile maker's stock worth $294,000 after acquiring an additional 332 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Columbia Sportswear by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,720 shares of the textile maker's stock worth $1,887,000 after acquiring an additional 533 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Columbia Sportswear during the 4th quarter worth $1,377,000. Public Employees Retirement System of Ohio lifted its position in shares of Columbia Sportswear by 0.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 61,886 shares of the textile maker's stock worth $4,922,000 after purchasing an additional 253 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Columbia Sportswear by 108.8% during the 4th quarter. Barclays PLC now owns 59,566 shares of the textile maker's stock worth $4,739,000 after purchasing an additional 31,032 shares during the last quarter. Institutional investors and hedge funds own 47.76% of the company's stock.

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.