Columbia Sportswear (NASDAQ:COLM) Given Consensus Rating of “Reduce” by Analysts

Shares of Columbia Sportswear (NASDAQ:COLM) have earned a consensus recommendation of “Reduce” from the five research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $75.75.

A number of research analysts recently weighed in on COLM shares. Stifel Nicolaus raised their price objective on Columbia Sportswear from $75.00 to $84.00 and gave the company a “hold” rating in a research report on Friday, April 26th. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd.

Insider Activity at Columbia Sportswear

In other Columbia Sportswear news, CFO Jim A. Swanson sold 7,199 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $77.50, for a total value of $557,922.50. Following the transaction, the chief financial officer now owns 9,423 shares of the company’s stock, valued at $730,282.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Jim A. Swanson sold 7,199 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $77.50, for a total transaction of $557,922.50. Following the completion of the sale, the chief financial officer now owns 9,423 shares of the company’s stock, valued at approximately $730,282.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sabrina Simmons sold 523 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total value of $42,729.10. Following the completion of the transaction, the director now directly owns 6,483 shares in the company, valued at $529,661.10. The disclosure for this sale can be found here. 44.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Columbia Sportswear

Several large investors have recently added to or reduced their stakes in COLM. Morgan Stanley increased its holdings in shares of Columbia Sportswear by 9.2% in the 3rd quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker’s stock valued at $322,530,000 after acquiring an additional 366,854 shares during the period. Boston Trust Walden Corp raised its holdings in Columbia Sportswear by 30.9% in the fourth quarter. Boston Trust Walden Corp now owns 1,294,410 shares of the textile maker’s stock worth $102,957,000 after purchasing an additional 305,592 shares in the last quarter. Norges Bank purchased a new stake in shares of Columbia Sportswear during the fourth quarter valued at about $22,526,000. Invesco Ltd. lifted its position in shares of Columbia Sportswear by 89.5% during the third quarter. Invesco Ltd. now owns 475,945 shares of the textile maker’s stock valued at $35,268,000 after buying an additional 224,755 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Columbia Sportswear by 13.4% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,469,768 shares of the textile maker’s stock valued at $108,910,000 after buying an additional 173,291 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Stock Down 1.5 %

NASDAQ COLM opened at $80.62 on Wednesday. The firm has a market capitalization of $4.77 billion, a PE ratio of 19.66, a P/E/G ratio of 3.33 and a beta of 0.95. The stock’s 50 day moving average is $81.17 and its 200 day moving average is $80.17. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.36. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The firm had revenue of $769.98 million for the quarter, compared to the consensus estimate of $740.62 million. During the same period in the prior year, the firm earned $0.74 EPS. The company’s revenue was down 6.2% compared to the same quarter last year. On average, research analysts anticipate that Columbia Sportswear will post 3.86 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were paid a $0.30 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.49%. Columbia Sportswear’s dividend payout ratio is presently 29.27%.

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.