COLM has been the subject of a number of other reports. TheStreet downgraded Columbia Sportswear from an ab rating to a c+ rating in a Thursday, April 28 report. Cowen cut his price target on Columbia Sportswear to $95.00 in a Monday, July 25 report. Bank of America downgraded Columbia Sportswear from a neutral rating to an underperformer and lowered its price target for the stock from $108.00 to $80.00 in a Friday, April 29 report. Robert W. Baird cut his price target on Columbia Sportswear from $110.00 to $100.00 in a Friday, April 29 report. Finally, Cowen reduced his price target on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research note. One research analyst rated the stock with a sell rating, four issued a hold rating and four issued the company a buy rating. Based on data from MarketBeat.com, Columbia Sportswear has an average Hold rating and a consensus target price of $89.38.
Columbia Sportswear trades up 0.5%
NASDAQ:COLM opened at $74.01 on Thursday. The company has a market capitalization of $4.65 billion, a PE ratio of 13.34, a growth price-earnings ratio of 1.47 and a beta of 0.91. The stock has a 50-day moving average of $74.59 and a 200-day moving average of $84.01. Columbia Sportswear has a 52-week low of $68.29 and a 52-week high of $107.50.
Columbia Sportswear (NASDAQ:COLM – Get a rating) last reported results on Wednesday, July 27. The textile maker reported EPS of $0.11 for the quarter, beating the consensus estimate of $0.04 by $0.07. The company posted revenue of $578.06 million in the quarter, versus analyst estimates of $592.35 million. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. The company’s revenues increased by 2.1% compared to the same quarter last year. In the same period of the previous year, the company had earned earnings per share of $0.61. As a group, analysts predict Columbia Sportswear will post 5.83 EPS for the current fiscal year.
Columbia Sportswear Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 31. Shareholders of record on Wednesday, August 17 will receive a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 16. 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%.
In other news, Director Stephen E. Babson sold 2,568 shares in a trade on Tuesday, May 3. The stock was 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 owns 112,627 shares of the company, valued at approximately $9,138,554.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. In other news, Manager Ronald E. Nelson sold 3,706 shares in a trade on Thursday, May 5. The stock was sold at an average price of $80.16, for a total value of $297,072.96. Following the completion of the sale, the administrator now owns 14,402 shares of the company, valued at $1,154,464.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via the SEC website. Additionally, director 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 value of $208,367.52. Following the completion of the sale, the director now owns 112,627 shares of the company, valued at approximately $9,138,554.78. Disclosure of this sale can be found here. Insiders hold 42.37% of the company’s shares.
Columbia Sportswear Institutional Trade
Hedge funds have recently changed their stakes in the company. Meeder Asset Management Inc. bought a new stake in shares of Columbia Sportswear in the first quarter worth $27,000. Exchange Traded Concepts LLC purchased a new stake in shares of Columbia Sportswear during the first quarter at a value of $31,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Columbia Sportswear during the fourth quarter at a value of $43,000. Lazard Asset Management LLC purchased a new stake in shares of Columbia Sportswear during the first quarter at a value of $45,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Columbia Sportswear during the second quarter at a value of $49,000. Hedge funds and other institutional investors own 48.65% of the company’s shares.
About Columbia Sportswear
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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