Columbia Sportswear (NASDAQ:COLM) received an average rating of “Hold” from the eight brokerages that currently cover the business, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned the company a buy rating. The average 1-year target price among analysts who have covered the stock over the past year is $112.67.
A number of research analysts have recently released COLM stock reports. Zacks Investment Research cut shares of Columbia Sportswear from a “hold” rating to a “sell” rating and set a price target of $104.00 for the stock. in a research note on Tuesday, January 4. Wolfe Research downgraded shares of Columbia Sportswear to a “neutral” rating in a Tuesday, January 4, research note. Bank of America moved shares of Columbia Sportswear from a “buy” rating to a “neutral” rating and lowered its target price for the stock from $137.00 to $108.00 in a research note from the Tuesday, October 5. Stifel Nicolaus moved shares of Columbia Sportswear from a ‘buy’ to a ‘hold’ rating and lowered the stock’s target price from $126.00 to $111.00 in a Thursday research note December 16. Finally, Robert W. Baird moved shares of Columbia Sportswear from an “outperforming” rating to a “neutral” rating and lowered the target price of the stock from $130.00 to $107.00 in a note. research on Tuesday, January 4.
In related news, the director Walter Klenz sold 1,192 shares of the company in a trade on Friday, November 12. The shares were sold at an average price of $105.97, for a total value of $126,316.24. The sale was disclosed in a legal filing with the SEC, accessible via this link. Insiders hold 40.33% of the shares of the company.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. M&G Investment Management Ltd. increased its stake in Columbia Sportswear by 52.1% during the fourth quarter. M&G Investment Management Ltd. now owns 44,350 shares of the textile maker worth $4,302,000 after purchasing an additional 15,196 shares during the period. The Alaska State Department of Revenue increased its stake in Columbia Sportswear by 41.4% in the fourth quarter. The Alaska State Department of Revenue now owns 11,070 shares of the textile maker valued at $1,078,000 after acquiring 3,243 additional shares during the period. Bedel Financial Consulting Inc. increased its stake in Columbia Sportswear by 300.0% in the fourth quarter. Bedel Financial Consulting Inc. now owns 400 shares of the textile maker valued at $39,000 after acquiring 300 additional shares during the period. Crossmark Global Holdings Inc. increased its stake in Columbia Sportswear by 242.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 11,530 shares of the textile maker valued at $1,123,000 after acquiring an additional 8,160 shares during the period. Finally, Balyasny Asset Management LLC increased its stake in Columbia Sportswear by 1,616.1% in the third quarter. Balyasny Asset Management LLC now owns 159,546 shares of the textile maker valued at $15,291,000 after acquiring an additional 150,249 shares during the period. 52.84% of the shares are held by institutional investors and hedge funds.
Shares of NASDAQ COLM traded up $0.61 in the midday session on Wednesday, hitting $92.14. The company’s stock had a trading volume of 412 shares, compared to its average trading volume of 403,254. Columbia Sportswear has a fifty-two-week low of $85.28 and a fifty-two-week high of 114, $98. The company’s 50-day moving average price is $98.23 and its two-hundred-day moving average price is $99.65. The company has a market capitalization of $6.01 billion, a P/E ratio of 21.02, a P/E/G ratio of 0.51 and a beta of 0.90.
Columbia Sportswear Inc (NASDAQ:COLM) last reported quarterly earnings data on Thursday, October 28. The textile maker reported earnings per share (EPS) of $1.52 for the quarter, beating consensus analyst estimates of $1.31 by $0.21. The company posted revenue of $804.70 million for the quarter, compared to $862.03 million expected by analysts. Columbia Sportswear had a net margin of 10.06% and a return on equity of 15.74%. The company’s quarterly revenue increased by 14.8% compared to the same quarter last year. During the same period last year, the firm posted earnings per share of $0.94. Sell-side analysts expect Columbia Sportswear to post earnings per share of 4.72 for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 2. Shareholders of record on Thursday, November 18 received a dividend of $0.26 per share. The ex-dividend date was Wednesday, November 17. This represents a dividend of $1.04 on an annualized basis and a dividend yield of 1.13%. Columbia Sportswear’s payout ratio is currently 23.58%.
About Columbia Sportswear
Columbia Sportswear Co engages in the design, supply, marketing and distribution of outdoor and active lifestyle apparel, footwear, accessories and equipment. It operates through the following geographic segments: United States; Latin America and Asia-Pacific; Europe, Middle East and Africa; and Canada.
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