Shares of Columbia Sportswear (NASDAQ:COLM – Get Rating) received a consensus “Hold” recommendation from the eleven research firms that cover the company, Marketbeat reports. One equity research analyst gave the stock a sell rating, three gave the company a hold rating and three gave the company a buy rating. The 1-year average price target among brokers who have reported on the stock in the past year is $103.43.
COLM has been the subject of a number of analyst reports. Bank of America downgraded shares of Columbia Sportswear from a “neutral” rating to an “underperforming” rating and cut its price target for the company from $108.00 to $80.00 in a Friday report April 29. TheStreet downgraded shares of Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 report. StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a Wednesday, July 6 report. Cowen cut his price target on shares of Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 report. Finally, Robert W. Baird cut his price target on Columbia Sportswear stock from $110.00 to $100.00 in a Friday, April 29 report.
Shares of Columbia Sportswear opened at $74.04 on Wednesday. The company has a market capitalization of $4.65 billion, a PE ratio of 13.34, a growth price-earnings ratio of 1.50 and a beta of 0.91. Columbia Sportswear has a 52-week low of $68.29 and a 52-week high of $107.50. The company’s 50-day moving average is $75.37 and its two-hundred-day moving average is $85.84.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its results on Thursday, April 28. The textile maker reported earnings per share (EPS) of $1.03 for the quarter, beating analysts’ consensus estimate of $0.86 by $0.17. The company posted revenue of $761.50 million for the quarter, versus analyst estimates of $762.88 million. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. The company’s quarterly revenue increased 21.7% year over year. During the same period of the previous year, the company achieved EPS of $0.84. Analysts predict Columbia Sportswear will post an EPS of 5.88 for the current year.
The company also recently announced 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 a dividend of $1.20 on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Wednesday, May 18. Columbia Sportswear’s dividend payout ratio (DPR) is 21.62%.
In other Columbia Sportswear news, director Stephen E. Babson sold 2,568 shares of the company in a trade on Tuesday, May 3. The shares were sold at an average price of $81.14, for a total transaction of $208,367.52. As a result of the transaction, the administrator now directly owns 112,627 shares of the company, valued at approximately $9,138,554.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, 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. Following the transaction, the administrator now directly owns 14,402 shares of the company, valued at $1,154,464.32. The disclosure of this sale can be found here. Insiders of the company own 42.37% of the shares of the company.
A number of institutional investors have recently changed their stake in the company. O Shares Investment Advisers LLC increased its position in Columbia Sportswear by 2.3% during the 4th quarter. O Shares Investment Advisers LLC now owns 5,610 shares of the textile maker worth $547,000 after buying 128 additional shares in the last quarter. US Bancorp DE increased its position in Columbia Sportswear by 19.8% in Q1. US Bancorp DE now owns 823 shares of the textile maker worth $75,000 after buying 136 more shares in the last quarter. Mutual of America Capital Management LLC increased its holdings of Columbia Sportswear stock by 0.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 30,923 shares of the textile maker valued at $3,013,000 after acquiring 151 additional shares last quarter. The Alaska State Department of Revenue increased its holdings of Columbia Sportswear stock 1.7% in the second quarter. The Alaska State Department of Revenue now owns 11,230 shares of the textile maker valued at $803,000 after acquiring 189 more shares last quarter. Finally, WINTON GROUP Ltd increased its holding in shares of Columbia Sportswear by 0.9% in the first quarter. WINTON GROUP Ltd now owns 21,056 shares in the textile maker valued at $1,906,000 after acquiring an additional 190 shares last quarter. 48.65% of the shares are currently held by institutional investors.
About Columbia Sportswear (Get an assessment)
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, 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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