Shares of Columbia Sportswear (NASDAQ:COLM – Get Rating) earned a consensus recommendation of “Hold” from the twelve brokerages that cover the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned the company a buy rating. The average 1-year target price among brokerages that have reported on the stock in the past year is $102.00.
A number of stock analysts have recently released reports on COLM shares. Seaport Res Ptn upgraded Columbia Sportswear from a “neutral” rating to a “buy” rating in a Friday, January 28 report. Robert W. Baird reduced his target price on Columbia Sportswear from $110.00 to $100.00 in a Friday, April 29 research report. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a Friday, April 29 research report. Cowen reduced his target price on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research report. Finally, Cowen reduced its target price on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research report.
In other Columbia Sportswear news, Director Ronald E. Nelson sold 3,706 shares of the company in a trade Thursday, May 5. The shares were sold at an average price of $80.16, for a total transaction of $297,072.96. Following the sale, the director now directly owns 14,402 shares of the company, valued at approximately $1,154,464.32. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, 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. Following the sale, 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. 41.15% of the shares are currently held by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of COLM. Meeder Asset Management Inc. acquired a new position in shares of Columbia Sportswear in the first quarter worth $27,000. First Manhattan Co. increased its stake in shares of Columbia Sportswear by 304.9% in the third quarter. First Manhattan Co. now owns 332 shares of the textile maker worth $31,000 after acquiring 250 additional shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Columbia Sportswear in the first quarter worth $31,000. Bedel Financial Consulting Inc. increased its stake in shares of Columbia Sportswear by 300.0% in the fourth quarter. Bedel Financial Consulting Inc. now owns 400 shares of the textile maker worth $39,000 after acquiring 300 more shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Columbia Sportswear in the fourth quarter worth $43,000. 48.65% of the shares are currently held by institutional investors and hedge funds.
Shares of COLM opened at $74.19 on Tuesday. Columbia Sportswear has a 12-month low of $73.46 and a 12-month high of $107.50. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 13.37, a growth price-to-earnings ratio of 1.49 and a beta of 0.90. The company has a 50-day simple moving average of $85.89 and a 200-day simple moving average of $92.29.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its quarterly earnings data 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. 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 in the quarter, compared to analyst estimates of $762.88 million. During the same period a year earlier, the company posted EPS of $0.84. The company’s revenue for the quarter increased 21.7% compared to the same quarter last year. On average, sell-side analysts expect Columbia Sportswear to post an EPS of 5.88 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2. Shareholders of record on Thursday, May 19 will receive a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 18. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 1.62%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 21.62%.
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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