Columbia Sportswear (NASDAQ:COLM) Upgraded at StockNews.com

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

A number of other research firms have also weighed in on COLM. Wedbush reaffirmed a neutral rating and set a $80.00 target price on shares of Columbia Sportswear in a report on Thursday, July 18th. Stifel Nicolaus upgraded Columbia Sportswear from a hold rating to a buy rating and lifted their price target for the company from $84.00 to $92.00 in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $77.00.

Columbia Sportswear Trading Up 0.8 %

COLM stock opened at $82.76 on Friday. The firm has a 50-day moving average price of $80.80 and a 200-day moving average price of $80.40. Columbia Sportswear has a 12 month low of $66.01 and a 12 month high of $87.23. The stock has a market capitalization of $4.89 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 3.01 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.14. The business had revenue of $570.20 million for the quarter, compared to analyst estimates of $569.37 million. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The company’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. As a group, equities analysts predict that Columbia Sportswear will post 3.85 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

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

Hedge Funds Weigh In On Columbia Sportswear

Large investors have recently bought and sold shares of the stock. Pacer Advisors Inc. raised its stake in Columbia Sportswear by 44.3% in the second quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock worth $117,107,000 after buying an additional 454,738 shares in the last quarter. American Century Companies Inc. boosted its stake in Columbia Sportswear by 153.3% during the 2nd quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock valued at $48,722,000 after purchasing an additional 372,886 shares during the last quarter. Norges Bank bought a new stake in shares of Columbia Sportswear in the 4th quarter worth $22,526,000. AQR Capital Management LLC boosted its position in shares of Columbia Sportswear by 149.0% during the second quarter. AQR Capital Management LLC now owns 195,933 shares of the textile maker’s stock valued at $15,463,000 after buying an additional 117,260 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Columbia Sportswear by 28.3% in the 4th quarter. First Trust Advisors LP now owns 476,608 shares of the textile maker’s stock worth $37,909,000 after buying an additional 105,193 shares during the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

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.