A number of other brokerages have also recently released reports on COLM. Bank of America downgraded Columbia Sportswear from a neutral rating to an underperformer and lowered its price target for the company from $108.00 to $80.00 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 cut its price target on Columbia Sportswear from $116.00 to $100.00 in a report on Friday. Zacks Investment Research cut Columbia Sportswear from a buy rating to a hold rating and set a price target of $92.00 for the stock. in a report on Tuesday, April 12. Finally, CL King raised Columbia Sportswear to a buy rating and set a price target of $117.00 on the stock in a Friday, February 4, report. One equity research analyst gave the stock a sell rating, six issued a hold rating and three gave the company a buy rating. According to data from MarketBeat, Columbia Sportswear currently has an average rating of Hold and an average price target of $102.00.
NASDAQ COLM traded at $2.36 during Friday trading hours, hitting $79.85. The company had a trading volume of 570,155 shares, compared to an average volume of 458,809. Columbia Sportswear has a 52-week low of $74.06 and a 52-week high of $107.50. The company has a 50-day simple moving average of $87.14 and a 200-day simple moving average of $93.53. The company has a market capitalization of $5.02 billion, a price/earnings ratio of 14.39, a PEG ratio of 1.51 and a beta of 0.90.
Columbia Sportswear (NASDAQ:COLM – Get a rating) last released its quarterly results on Thursday, April 28. The textile maker reported earnings per share (EPS) of $1.03 for the quarter, beating consensus analyst estimates of $0.85 by $0.18. The company posted revenue of $761.50 million in the quarter, versus a consensus estimate of $762.88 million. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. The company’s revenue for the quarter increased 21.7% year over year. In the same quarter last year, the company posted EPS of $0.84. Sell-side analysts expect Columbia Sportswear to post earnings per share of 5.85 for the current year.
The company also recently declared 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 1.50%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 21.62%.
In other news, Director Ronald E. Nelson sold 3,706 shares of the company in a trade that took place on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Additionally, director Stephen E. Babson sold 2,568 shares of the company in a trade that took place on Tuesday, May 3. The shares were sold at an average price of $81.14, for a total value of $208,367.52. Following the transaction, the administrator now directly owns 112,627 shares of the company, valued at $9,138,554.78. Disclosure of this sale can be found here. 41.15% of the shares are held by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of COLM. Morgan Stanley increased its stake in shares of Columbia Sportswear by 106.0% during the second quarter. Morgan Stanley now owns 130,478 shares of the textile maker valued at $12,834,000 after buying an additional 67,154 shares during the period. Deutsche Bank AG increased its position in Columbia Sportswear shares by 9.5% during the third quarter. Deutsche Bank AG now owns 20,530 shares of the textile maker valued at $1,967,000 after buying an additional 1,782 shares last quarter. The Swiss National Bank increased its position in Columbia Sportswear shares by 0.3% during the third quarter. The Swiss National Bank now owns 73,400 shares of the textile maker valued at $7,035,000 after buying 200 more shares last quarter. The State Board of Administration of Florida Retirement System increased its position in Columbia Sportswear shares by 0.9% during the third quarter. The Florida Retirement System State Board of Directors now owns 31,510 shares of the textile maker worth $3,020,000 after buying 280 additional shares last quarter. Finally, Principal Financial Group Inc. increased its position in Columbia Sportswear shares by 12.7% during the third quarter. 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 last quarter. 48.65% of the shares are currently held by hedge funds and other institutional investors.
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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