Columbia Sportswear (NASDAQ:COLM) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Columbia Sportswear (NASDAQ:COLM) from a buy rating to a hold rating in a research note published on Wednesday morning.

Several other equities research analysts have also recently commented on the company. Stifel Nicolaus lifted their target price on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. TD Cowen lifted their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th.

Columbia Sportswear Stock Down 5.7 %

Columbia Sportswear stock opened at $80.97 on Wednesday. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $91.30. The stock has a 50-day simple moving average of $86.46 and a 200 day simple moving average of $83.05. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 3.32 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. As a group, sell-side analysts anticipate that Columbia Sportswear will post 3.96 EPS for the current year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 31.01%.

Institutional Investors Weigh In On Columbia Sportswear

Institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its position in shares of Columbia Sportswear by 184.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker’s stock worth $25,000 after buying an additional 194 shares during the period. GAMMA Investing LLC boosted its stake in Columbia Sportswear by 51.3% during the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after acquiring an additional 142 shares during the last quarter. Blue Trust Inc. increased its stake in Columbia Sportswear by 68.7% in the third quarter. Blue Trust Inc. now owns 705 shares of the textile maker’s stock valued at $56,000 after purchasing an additional 287 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in Columbia Sportswear in the third quarter worth $65,000. Finally, nVerses Capital LLC bought a new position in shares of Columbia Sportswear during the third quarter worth $75,000. 47.76% of the stock is owned by institutional investors and hedge funds.

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.