Columbia Sportswear (NASDAQ:COLM – Get Rating) earned an average recommendation of “Hold” from the twelve brokerages that currently cover the stock, reports MarketBeat.com. One analyst rated the stock with a sell rating, five assigned a hold rating and two assigned the company a buy rating. The 1-year average price target among brokerages that have quoted the stock over the past year is $102.00.
A number of analysts have weighed in on COLM shares recently. CL King raised shares of Columbia Sportswear to a “buy” rating and set a price target of $117.00 for the company in a Friday, February 4, report. Bank of America downgraded shares of Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its price target for the company from $108.00 to $80.00 in a Friday report April 29. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Friday, April 29. Seaport Res Ptn moved shares of Columbia Sportswear from a “neutral” rating to a “buy” rating in a Friday, January 28 research note. Finally, Robert W. Baird cut his price target on Columbia Sportswear stock from $110.00 to $100.00 in a Friday, April 29 research note.
Separately, director Ronald E. Nelson sold 3,706 shares of the company in a trade on Thursday, May 5. The shares were sold at an average price of $80.16, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 completion of 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. Insiders of the company own 41.15% of the shares of the company.
A number of institutional investors and hedge funds have recently bought and sold shares of COLM. Morgan Stanley increased its position in Columbia Sportswear by 106.0% in the second quarter. Morgan Stanley now owns 130,478 shares of the textile maker valued at $12,834,000 after acquiring an additional 67,154 shares last quarter. Principal Financial Group Inc. increased its stake in Columbia Sportswear by 12.7% in Q3. Principal Financial Group Inc. now owns 123,058 shares of the textile maker valued at $11,794,000 after buying an additional 13,851 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Columbia Sportswear by 35.9% in Q3. Teacher Retirement System of Texas now owns 5,348 shares of the textile maker valued at $513,000 after buying 1,412 additional shares in the last quarter. Alliancebernstein LP increased its stake in Columbia Sportswear by 8.9% in the third quarter. Alliancebernstein LP now owns 55,489 shares of the textile maker valued at $5,318,000 after buying an additional 4,519 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its stake in Columbia Sportswear by 19.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 5,578 shares of the textile maker valued at $535,000 after buying an additional 904 shares in the last quarter. 48.65% of the shares are currently held by institutional investors and hedge funds.
NASDAQ COLM opened at $74.19 on Tuesday. The company has a market capitalization of $4.66 billion, a price-earnings ratio of 13.37, a PEG ratio of 1.49 and a beta of 0.90. The company has a 50-day moving average of $85.89 and a 200-day moving average of $92.29. Columbia Sportswear has a 1-year low of $73.46 and a 1-year high of $107.50.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its quarterly 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. The company posted revenue of $761.50 million in the quarter, compared to analyst estimates of $762.88 million. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. Columbia Sportswear’s revenue for the quarter increased 21.7% compared to the same quarter last year. In the same quarter last year, the company posted earnings per share of $0.84. Research analysts expect Columbia Sportswear to post earnings per share of 5.88 for the current 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. The ex-dividend date is Wednesday, May 18. This represents a dividend of $1.20 on an annualized basis and a yield of 1.62%. Columbia Sportswear’s payout ratio is currently 21.62%.
About Columbia Sportswear (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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