BidaskClub Downgrades Columbia Sportswear (NASDAQ:COLM) to Strong Sell

BidaskClub lowered shares of Columbia Sportswear (NASDAQ:COLM) from a sell rating to a strong sell rating in a report published on Tuesday, BidAskClub reports.

Several other equities analysts have also recently weighed in on COLM. Zacks Investment Research raised shares of Columbia Sportswear from a hold rating to a strong-buy rating and set a $106.00 price target on the stock in a research report on Monday, October 21st. Wedbush dropped their target price on shares of Columbia Sportswear from $112.00 to $107.00 and set an outperform rating on the stock in a research report on Friday, February 7th. DA Davidson dropped their target price on shares of Columbia Sportswear from $96.00 to $88.00 and set a neutral rating on the stock in a research report on Friday, February 7th. ValuEngine raised shares of Columbia Sportswear from a sell rating to a hold rating in a research report on Friday, January 24th. Finally, Citigroup cut shares of Columbia Sportswear from a buy rating to a neutral rating and dropped their target price for the stock from $110.00 to $100.00 in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Columbia Sportswear has a consensus rating of Hold and an average price target of $109.27.

Shares of NASDAQ COLM opened at $91.43 on Tuesday. Columbia Sportswear has a fifty-two week low of $87.60 and a fifty-two week high of $109.44. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 2.49 and a beta of 0.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.01 and a current ratio of 2.97. The firm’s 50-day simple moving average is $95.98 and its 200 day simple moving average is $95.80.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $1.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.08). Columbia Sportswear had a net margin of 10.86% and a return on equity of 18.53%. The business had revenue of $954.87 million during the quarter, compared to the consensus estimate of $949.66 million. During the same period in the previous year, the business posted $1.68 EPS. Columbia Sportswear’s revenue was up 4.1% compared to the same quarter last year. On average, sell-side analysts predict that Columbia Sportswear will post 4.83 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, March 9th. This represents a $1.04 annualized dividend and a dividend yield of 1.14%. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.24. Columbia Sportswear’s dividend payout ratio (DPR) is currently 20.34%.

In related news, major shareholder Gertrude Boyle Trust sold 90,255 shares of Columbia Sportswear stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $92.36, for a total value of $8,335,951.80. Following the sale, the insider now owns 9,014,559 shares of the company’s stock, valued at approximately $832,584,669.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sarah Bany sold 65,653 shares of Columbia Sportswear stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $92.62, for a total transaction of $6,080,780.86. Following the completion of the sale, the director now directly owns 1,154,136 shares in the company, valued at approximately $106,896,076.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 490,000 shares of company stock worth $44,737,956. Insiders own 56.57% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Toronto Dominion Bank bought a new stake in shares of Columbia Sportswear in the 4th quarter worth approximately $36,000. Cullen Frost Bankers Inc. bought a new stake in shares of Columbia Sportswear in the 3rd quarter worth approximately $47,000. Quest Capital Management Inc. ADV bought a new stake in shares of Columbia Sportswear in the 3rd quarter worth approximately $60,000. Tower Research Capital LLC TRC bought a new stake in shares of Columbia Sportswear in the 3rd quarter worth approximately $112,000. Finally, Meeder Asset Management Inc. grew its stake in Columbia Sportswear by 13.3% in the 4th quarter. Meeder Asset Management Inc. now owns 1,225 shares of the textile maker’s stock valued at $123,000 after buying an additional 144 shares in the last quarter. 37.94% of the stock is currently owned by institutional investors.

Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East and Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.

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Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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