Columbia Sportswear (NASDAQ:COLM) Lowered to Hold Rating by StockNews.com

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

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

Columbia Sportswear Price Performance

COLM stock opened at $79.27 on Wednesday. The company’s 50 day simple moving average is $86.31 and its 200-day simple moving average is $83.03. The firm has a market capitalization of $4.53 billion, a PE ratio of 21.90, a P/E/G ratio of 3.32 and a beta of 0.93. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $91.30.

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

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 1.51%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 33.15%.

Hedge Funds Weigh In On Columbia Sportswear

Hedge funds have recently made changes to their positions in the stock. Impact Partnership Wealth LLC acquired a new position in shares of Columbia Sportswear in the 4th quarter valued at $240,000. Assenagon Asset Management S.A. acquired a new position in shares of Columbia Sportswear in the 4th quarter valued at $6,356,000. Impax Asset Management Group plc boosted its holdings in shares of Columbia Sportswear by 79.2% in the 3rd quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker’s stock valued at $7,530,000 after purchasing an additional 40,000 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Columbia Sportswear in the 3rd quarter valued at $7,676,000. Finally, MQS Management LLC acquired a new position in shares of Columbia Sportswear in the 3rd quarter valued at $499,000. Institutional investors and hedge funds own 47.76% of the company’s stock.

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.