Columbia Sportswear Inc (NASDAQ:COLM – Get Rating) stock price hit a fresh 52-week low midday on Tuesday. The stock traded as low as $70.80 and last traded at $71.47, with a volume of 7354 shares traded. The stock previously closed at $71.77.
Several analysts have recently released reports on the stock. TheStreet downgraded shares of Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 research report. Bank of America downgraded Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its price target for the stock from $108.00 to $80.00 in a Friday, April 29 report . Robert W. Baird reduced his target price on Columbia Sportswear from $110.00 to $100.00 in a Friday, April 29 research note. Cowen reduced his target price on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research note. Finally, Cowen reduced his target price on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research note. One equity research analyst gave the stock a sell rating, four issued a hold rating and four gave the company a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $103.43.
The company has a 50-day moving average of $81.26 and a 200-day moving average of $89.37. The company has a market capitalization of $4.48 billion, a PE ratio of 12.93, a PEG ratio of 1.52 and a beta of 0.91.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its quarterly earnings data on Thursday, April 28. The textile maker reported EPS of $1.03 for the quarter, beating the consensus estimate of $0.86 by $0.17. The company posted revenue of $761.50 million for the quarter, versus a consensus estimate of $762.88 million. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. The company’s revenue for the quarter increased 21.7% compared to the same quarter last year. In the same quarter last year, the company earned earnings per share of $0.84. Stock analysts expect Columbia Sportswear to post earnings per share of 5.88 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 2. Shareholders of record on Thursday, May 19 received a dividend of $0.30. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Wednesday, May 18. Columbia Sportswear’s dividend payout ratio (DPR) is 21.62%.
Separately, director Ronald E. Nelson sold 3,706 shares of the company in a trade on Thursday, May 5. The stock was sold at an average price of $80.16, for a total transaction of $297,072.96. As a result of the transaction, the administrator now directly owns 14,402 shares of the company, valued at approximately $1,154,464.32. The sale was disclosed in a document filed with the SEC, accessible via this link. Additionally, director Stephen E. Babson sold 2,568 shares of the company in a trade on Tuesday, May 3. The stock was sold at an average price of $81.14, for a total value of $208,367.52. Following the transaction, the administrator now owns 112,627 shares of the company, valued at $9,138,554.78. The disclosure of this sale can be found here. 42.37% of the shares are held by insiders.
A number of hedge funds have recently changed their positions in the stock. Atlanta Capital Management Co. LLC increased its stake in Columbia Sportswear by 3.5% during the fourth quarter. Atlanta Capital Management Co. LLC now owns 3,104,900 shares of the textile maker worth $302,541,000 after buying 104,451 additional shares in the last quarter. BlackRock Inc. increased its stake in Columbia Sportswear by 0.9% in Q1. BlackRock Inc. now owns 2,948,229 shares of the textile maker valued at $266,903,000 after buying an additional 25,416 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Columbia Sportswear by 36.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,374,952 shares of the textile maker valued at $133,975,000 after buying an additional 366,034 shares in the last quarter. Invesco Ltd. increased its stake in Columbia Sportswear by 2.2% during the third quarter. Invesco Ltd. now owns 1,362,159 shares of the textile maker valued at $130,550,000 after buying an additional 29,946 shares in the last quarter. Finally, State Street Corp increased its stake in Columbia Sportswear by 5.5% in the 1st quarter. State Street Corp now owns 981,366 shares of the textile maker valued at $88,843,000 after buying an additional 50,938 shares in the last quarter. Hedge funds and other institutional investors own 48.65% of the company’s shares.
Columbia Sportswear Company Profile (NASDAQ:COLM)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia-Pacific, Europe, the Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.
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