Columbia Sportswear (NASDAQ:COLM) Receives Average Rating of “Reduce” from Brokerages

Shares of Columbia Sportswear (NASDAQ:COLMGet Free Report) have been assigned a consensus rating of “Reduce” from the six analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $78.00.

COLM has been the topic of a number of research analyst reports. Citigroup cut their price objective on shares of Columbia Sportswear from $80.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, October 20th. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. TheStreet upgraded shares of Columbia Sportswear from a “c+” rating to a “b-” rating in a research report on Monday, December 11th. UBS Group lowered their target price on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a research report on Friday, February 2nd. Finally, Seaport Res Ptn lowered shares of Columbia Sportswear from a “buy” rating to a “neutral” rating in a research report on Friday, October 20th.

Check Out Our Latest Stock Analysis on COLM

Hedge Funds Weigh In On Columbia Sportswear

A number of hedge funds and other institutional investors have recently bought and sold shares of COLM. Morgan Stanley grew its position in Columbia Sportswear by 1,243.3% in the 4th quarter. Morgan Stanley now owns 3,859,552 shares of the textile maker’s stock valued at $338,020,000 after buying an additional 3,572,227 shares during the last quarter. Victory Capital Management Inc. grew its position in Columbia Sportswear by 38.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,717,178 shares of the textile maker’s stock valued at $150,390,000 after buying an additional 476,394 shares during the last quarter. Balyasny Asset Management L.P. grew its position in Columbia Sportswear by 333.6% in the 1st quarter. Balyasny Asset Management L.P. now owns 577,338 shares of the textile maker’s stock valued at $52,099,000 after buying an additional 444,199 shares during the last quarter. Boston Trust Walden Corp grew its position in Columbia Sportswear by 30.9% in the 4th quarter. Boston Trust Walden Corp now owns 1,294,410 shares of the textile maker’s stock valued at $102,957,000 after buying an additional 305,592 shares during the last quarter. Finally, Norges Bank purchased a new position in Columbia Sportswear in the 4th quarter valued at $26,487,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Sportswear Trading Up 1.5 %

COLM stock opened at $81.25 on Thursday. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $91.88. The company’s 50 day moving average is $79.44 and its two-hundred day moving average is $75.81. The stock has a market cap of $4.92 billion, a P/E ratio of 19.67, a PEG ratio of 1.03 and a beta of 0.96.

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be given a $0.30 dividend. The ex-dividend date is Thursday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.48%. Columbia Sportswear’s dividend payout ratio (DPR) is 29.06%.

About Columbia Sportswear

(Get Free Report

Columbia Sportswear Company, together with its subsidiaries, designs, sources, 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 mountaineering, climbing, skiing and snowboarding, trail, and camp enthusiasts.

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Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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