Columbia Sportswear (NASDAQ:COLM – Get Rating) received an average recommendation of “Hold” from the eleven brokerages that currently cover the stock, reports MarketBeat Ratings. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned the company a buy rating. The 12-month average target price among brokerages that have issued ratings on the stock over the past year is $103.43.
COLM has been the subject of a number of research analyst reports. TheStreet upgraded Columbia Sportswear from a “b” to a “c+” rating in a Thursday, April 28 report. Bank of America downgraded Columbia Sportswear from a “neutral” to an “underperforming” rating and lowered its price target for the stock from $108.00 to $80.00 in a research note from the Friday, April 29. Cowen reduced his price target on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research note. Cowen reduced his price target on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research note. Finally, Robert W. Baird reduced his price target on Columbia Sportswear from $110.00 to $100.00 in a Friday, April 29 research note.
Shares of Columbia Sportswear opened at $71.38 on Friday. Columbia Sportswear has a twelve month low of $68.29 and a twelve month high of $107.50. The stock has a market capitalization of $4.49 billion, a P/E ratio of 12.86, a PEG ratio of 1.38 and a beta of 0.91. The company’s fifty-day moving average price is $79.95 and its 200-day moving average price is $88.72.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its results on Thursday, April 28. The textile maker reported earnings per share of $1.03 for the quarter, beating consensus analyst estimates of $0.86 by $0.17. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. The company posted revenue of $761.50 million for the quarter, compared to $762.88 million expected by analysts. In the same quarter last year, the company made earnings per share of $0.84. The company’s revenue for the quarter increased 21.7% compared to the same quarter last year. As a group, analysts predict Columbia Sportswear will post EPS of 5.88 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 2. Investors of record on Thursday, May 19 received a dividend of $0.30. This represents an annualized dividend of $1.20 and a yield of 1.68%. The ex-dividend date was Wednesday, May 18. Columbia Sportswear’s dividend payout ratio is currently 21.62%.
In other news, Director Ronald E. Nelson sold 3,706 shares of the company in a trade that took place on Thursday, May 5. The stock was sold at an average price of $80.16, for a total transaction of $297,072.96. Following completion of the transaction, the administrator now directly owns 14,402 shares of the company, valued at $1,154,464.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, director Stephen E. Babson sold 2,568 shares of the company in a trade that took place on Tuesday, May 3. The shares were sold at an average price of $81.14, for a total value of $208,367.52. As a result of the transaction, the administrator now directly 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.
Several hedge funds and other institutional investors have recently changed their holdings in COLM. Boston Trust Walden Corp increased its position in shares of Columbia Sportswear by 64.9% during the first quarter. Boston Trust Walden Corp now owns 965,434 shares of the textile maker worth $87,401,000 after buying an additional 380,140 shares during the period. JPMorgan Chase & Co. increased its position in Columbia Sportswear by 36.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,374,952 shares of the textile maker worth $133,975,000 after buying an additional 366,034 shares during the period. Norges Bank acquired a new stake in Columbia Sportswear in the fourth quarter worth approximately $32,654,000. Fuller & Thaler Asset Management Inc. increased its position in Columbia Sportswear by 52.9% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 730,724 shares of the textile maker worth $66,152,000 after purchasing an additional 252,733 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Columbia Sportswear in the first quarter worth approximately $21,170,000. Institutional investors and hedge funds own 48.65% of the company’s shares.
Columbia Sportswear Company Profile (Get a rating)
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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