Shares of Columbia Sportswear (NASDAQ:COLM – Get Rating) saw strong trading volume on Thursday. 24,959 shares changed hands during the midday session, down 94% from the previous session’s volume of 438,018 shares. The stock last traded at $70.00 and previously closed at $72.28.
COLM has been the subject of a number of recent research reports. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a Friday, June 10 report. Robert W. Baird lowered his price target on Columbia Sportswear from $110.00 to $100.00 in a Friday, April 29 report. Cowen reduced his target price on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research report. Cowen reduced his price target on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 report. Finally, Bank of America downgraded shares of Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its target price for the company from $108.00 to $80.00 in a rating of research from Friday, April 29. One analyst rated the stock with a sell rating, four assigned a hold rating and four assigned the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $103.43.
The company’s 50-day moving average price is $80.62 and its 200-day moving average price is $89.12. The company has a market capitalization of $4.32 billion, a price/earnings ratio of 12.37, a P/E/G ratio of 1.52 and a beta of 0.91.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last reported quarterly earnings data on Thursday, April 28. The textile maker reported earnings per share of $1.03 for the quarter, beating the 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, versus a consensus estimate of $762.88 million. In the same quarter a year earlier, the company posted earnings per share of $0.84. The company’s revenue increased 21.7% year over year. Sell-side 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 was paid on Thursday, June 2. Shareholders of record on Thursday, May 19 received a dividend of $0.30 per share. This represents a dividend of $1.20 on an annualized basis and a yield of 1.75%. The ex-dividend date was Wednesday, May 18. Columbia Sportswear’s dividend payout ratio (DPR) is currently 21.62%.
In other news, manager Stephen E. Babson sold 2,568 shares 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 transaction, the administrator now owns 112,627 shares of the company, valued at approximately $9,138,554.78. The sale was disclosed in an SEC filing, available on the SEC’s website. Additionally, director Ronald E. Nelson sold 3,706 shares of the company in a trade dated 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 $1,154,464.32. The disclosure of this sale can be found here. Insiders hold 42.37% of the company’s shares.
A number of institutional investors and hedge funds have recently bought and sold shares of COLM. O Shares Investment Advisers LLC increased its holdings in Columbia Sportswear by 2.3% during the 4th quarter. O Shares Investment Advisers LLC now owns 5,610 shares of the textile maker valued at $547,000 after buying 128 additional shares last quarter. US Bancorp DE increased its stake in shares of Columbia Sportswear by 19.8% in the 1st quarter. US Bancorp DE now owns 823 shares of the textile maker valued at $75,000 after buying 136 additional shares in the last quarter. Mutual of America Capital Management LLC increased its equity stake in Columbia Sportswear 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 during the period. WINTON GROUP Ltd increased its stake in Columbia Sportswear by 0.9% in the 1st quarter. WINTON GROUP Ltd now owns 21,056 shares in the textile maker valued at $1,906,000 after buying an additional 190 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Columbia Sportswear by 2.2% in the 1st quarter. The Louisiana State Employees Retirement System now owns 9,100 shares of the textile maker worth $817,000 after buying an additional 200 shares during the period. 48.65% of the shares are held by institutional investors and hedge funds.
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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