Columbia Sportswear (NASDAQ:COLM – Get Rating) hit a fresh 52-week low in Friday’s midday session after Robert W. Baird lowered his price target on the stock from $110.00 to $100.00 $. The company traded as low as $80.22 and last traded at $80.70, with volume of 14,823 shares changing hands. The stock previously closed at $88.26.
A number of other brokerages have also weighed in on COLM recently. Cowen raised his price target on shares of Columbia Sportswear from $110.00 to $116.00 and gave the stock an “outperform” rating in a Wednesday, Feb. 9 report. Zacks Investment Research moved shares of Columbia Sportswear from a “buy” rating to a “hold” rating and set a price target of $92.00 for the company. in a research report on Tuesday, April 12. Bank of America has downgraded Columbia Sportswear shares from a ‘neutral’ to an ‘underperforming’ rating and lowered its price target for the company from $108.00 to $80.00 in a research report friday. Seaport Res Ptn moved shares of Columbia Sportswear from a “neutral” rating to a “buy” rating in a Friday, January 28 research note. Finally, StockNews.com took over coverage of Columbia Sportswear stocks in a Thursday, March 31 research note. They set a “buy” rating on the stock. One equity research analyst gave the stock a sell rating, five gave the company a hold rating and four gave the company a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $104.57.
A number of institutional investors have recently changed their positions in the company. Atlanta Capital Management Co. LLC increased its position in Columbia Sportswear by 3.5% during the fourth quarter. Atlanta Capital Management Co. LLC now owns 3,104,900 shares of the textile maker valued at $302,541,000 after buying an additional 104,451 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Columbia Sportswear by 36.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,374,952 shares of the textile maker worth $133,975,000 after acquiring 366,034 additional shares last quarter. Invesco Ltd. increased its stake in shares of Columbia Sportswear by 2.2% during the third quarter. Invesco Ltd. now owns 1,362,159 shares of the textile maker worth $130,550,000 after acquiring 29,946 additional shares last quarter. Boston Trust Walden Corp increased its stake in shares of Columbia Sportswear by 64.9% in the first quarter. Boston Trust Walden Corp now owns 965,434 shares of the textile maker worth $87,401,000 after acquiring an additional 380,140 shares last quarter. Finally, State Street Corp increased its stake in shares of Columbia Sportswear by 2.7% during the fourth quarter. State Street Corp now owns 930,428 shares of the textile maker worth $90,661,000 after acquiring 24,224 more shares last quarter. Institutional investors and hedge funds own 53.95% of the company’s shares.
The stock has a market capitalization of $5.24 billion, a PE ratio of 15.52, a P/E/G ratio of 1.72 and a beta of 0.90. The company’s 50-day simple moving average is $89.97 and its 200-day simple moving average is $94.93.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its quarterly results on Thursday, February 3. The textile maker reported EPS of $2.39 for the quarter, beating the consensus estimate of $1.78 by $0.61. The company posted revenue of $1.13 billion for the quarter, versus a consensus estimate of $1.06 billion. Columbia Sportswear had a net margin of 11.33% and a return on equity of 18.64%. During the same period last year, the company posted earnings per share of $1.44. Equity research analysts expect Columbia Sportswear to post earnings per share of 5.76 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2. Investors of record on Thursday, May 19 will receive a dividend of $0.30. This represents an annualized dividend of $1.20 and a dividend yield of 1.44%. Columbia Sportswear’s payout ratio is 22.39%.
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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