A number of other stock analysts have also recently released reports on the stock. TheStreet downgraded shares of Columbia Sportswear from an ab to a c+ rating in a Thursday, April 28 research note. StockNews.com cut shares of Columbia Sportswear from a buy rating to a hold rating in a Friday, April 29 research note. Seaport Res Ptn upgraded shares of Columbia Sportswear from a neutral rating to a buy rating in a Friday, Jan. 28 research rating. CL King upgraded shares of Columbia Sportswear to a Buy rating and set a price target of $117.00 for the company in a Friday, Feb. 4 research note. Finally, Bank of America downgraded shares of Columbia Sportswear from a neutral to an underperforming rating and lowered its price target for the company from $108.00 to $80.00 in a research note from the Friday, April 29. One analyst gave the stock a sell rating, six gave the company a hold rating and three gave the company a buy rating. According to MarketBeat.com, Columbia Sportswear currently has a consensus rating of Hold and an average price target of $102.00.
NASDAQ:COLM traded at $2.36 during Friday trading hours, hitting $79.85. 570,155 shares of the company were traded, with an average volume of 458,809. The stock has a market capitalization of $5.02 billion, a price/earnings ratio of 14.39, a P/E/G ratio of 1.51 and a beta of 0.90. Columbia Sportswear has a twelve month low of $74.06 and a twelve month high of $107.50. The company has a 50-day moving average of $87.14 and a 200-day moving average of $93.53.
Columbia Sportswear (NASDAQ:COLM – Get a rating) last released its results on Thursday, April 28. The textile maker reported EPS of $1.03 for the quarter, beating the consensus estimate of $0.85 by $0.18. The company posted revenue of $761.50 million in the quarter, compared to $762.88 million expected by analysts. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. The company’s quarterly revenue increased by 21.7% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $0.84. On average, analysts expect Columbia Sportswear to post EPS of 5.85 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 per share. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Wednesday, May 18. Columbia Sportswear’s dividend payout ratio (DPR) is currently 21.62%.
In other Columbia Sportswear news, manager Ronald E. Nelson sold 3,706 shares in a trade dated Thursday, May 5. The shares were sold at an average price of $80.16, for a total transaction of $297,072.96. Following the sale, the director now owns 14,402 shares of the company, valued at approximately $1,154,464.32. The sale was disclosed in a legal filing with the SEC, accessible via this hyperlink. Additionally, manager Stephen E. Babson sold 2,568 shares in a trade dated Tuesday, May 3. The stock was sold at an average price of $81.14, for a total transaction of $208,367.52. As a result of the sale, the administrator now directly owns 112,627 shares of the company, valued at approximately $9,138,554.78. Disclosure of this sale can be found here. Insiders of the company own 41.15% of the shares of the company.
Major investors have recently changed their stake in the company. Meeder Asset Management Inc. purchased a new stake in Columbia Sportswear during Q1 worth approximately $27,000. First Manhattan Co. increased its stake in shares of Columbia Sportswear by 304.9% in Q3. First Manhattan Co. now owns 332 shares of the textile maker valued at $31,000 after buying an additional 250 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Columbia Sportswear in Q1 worth approximately $31,000. Bedel Financial Consulting Inc. increased its stake in shares of Columbia Sportswear by 300.0% in the 4th quarter. Bedel Financial Consulting Inc. now owns 400 shares of the textile maker valued at $39,000 after buying 300 more shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Columbia Sportswear stock in Q4, valued at around $43,000. 48.65% of the shares are currently held by hedge funds and other institutional investors.
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, 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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