Columbia Sportswear (NASDAQ:COLM) Given Average Rating of "Hold" by Brokerages

Shares of Columbia Sportswear (NASDAQ:COLM - Get Free Report) have earned a consensus rating of "Hold" from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $70.00.

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Several equities analysts have commented on the stock. StockNews.com cut shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Stifel Nicolaus cut their price target on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. UBS Group lifted their price objective on Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research note on Monday, April 14th. Citigroup reaffirmed a "neutral" rating and issued a $68.00 target price (down previously from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. Finally, Barclays lowered their price target on shares of Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd.

View Our Latest Stock Analysis on COLM

Insiders Place Their Bets

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In other news, Director Ronald E. Nelson sold 6,395 shares of the business's stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the completion of the transaction, 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.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its stake in Columbia Sportswear by 184.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock worth $25,000 after acquiring an additional 194 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Columbia Sportswear during the 1st quarter worth approximately $38,000. 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 worth $47,000 after purchasing an additional 620 shares during the last quarter. GAMMA Investing LLC boosted its position in Columbia Sportswear by 43.2% during the 4th 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. Finally, Lazard Asset Management LLC bought a new position in Columbia Sportswear during the 4th quarter worth $76,000. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Stock Up 4.0 %

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Shares of NASDAQ COLM opened at $67.24 on Friday. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 2.54 and a beta of 1.00. Columbia Sportswear has a 52 week low of $58.44 and a 52 week high of $92.88. The firm has a 50-day simple moving average of $71.01 and a 200-day simple moving average of $80.15.

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

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, May 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.78%. Columbia Sportswear's payout ratio is 30.69%.

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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