Columbia Sportswear (NASDAQ:COLM) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Columbia Sportswear (NASDAQ:COLM) from a hold rating to a buy rating in a report published on Friday.

COLM has been the subject of a number of other reports. Stifel Nicolaus upgraded shares of Columbia Sportswear from a hold rating to a buy rating and lifted their target price for the stock from $84.00 to $92.00 in a research note on Monday, July 8th. Wedbush reiterated a neutral rating and set a $80.00 price objective on shares of Columbia Sportswear in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $77.00.

Columbia Sportswear Stock Up 0.8 %

COLM opened at $82.76 on Friday. Columbia Sportswear has a 52-week low of $66.01 and a 52-week high of $87.23. The stock has a market cap of $4.89 billion, a P/E ratio of 20.19, a PEG ratio of 3.01 and a beta of 0.92. The business has a fifty day moving average of $80.80 and a 200 day moving average of $80.40.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.14. The business had revenue of $570.20 million during the quarter, compared to analyst estimates of $569.37 million. Columbia Sportswear had a net margin of 6.72% and a return on equity of 13.01%. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. Equities analysts anticipate that Columbia Sportswear will post 3.85 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, August 15th. Columbia Sportswear’s payout ratio is 29.27%.

Institutional Trading of Columbia Sportswear

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. lifted its position in Columbia Sportswear by 116.6% during the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after buying an additional 225 shares in the last quarter. TFO Wealth Partners LLC boosted its holdings in shares of Columbia Sportswear by 11,725.0% in the 4th quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock valued at $38,000 after buying an additional 469 shares in the last quarter. Headlands Technologies LLC lifted its stake in Columbia Sportswear by 174.8% in the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock valued at $49,000 after buying an additional 381 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in Columbia Sportswear in the 1st quarter valued at $64,000. Finally, Dnca Finance acquired a new position in Columbia Sportswear in the second quarter valued at $68,000. Hedge funds and other institutional investors own 47.76% of the company’s stock.

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.