Columbia Sportswear (NASDAQ:COLM – Get a rating) earned an average rating of “Hold” from the twelve rating agencies that currently cover the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned the company a buy rating. The 12-month average price target among analysts who have updated their coverage of the stock over the past year is $89.38.
A number of stock analysts have weighed in on the company. Citigroup reduced its target price on Columbia Sportswear from $98.00 to $80.00 in a Thursday, July 28 research report. UBS Group reduced its price target on Columbia Sportswear from $83.00 to $80.00 and set a “neutral” rating for the company in a Thursday, July 28 research note. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a Friday, August 5 research note. Cowen reduced his price target on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research note. Finally, Robert W. Baird reduced his price target on Columbia Sportswear from $85.00 to $82.00 and set a “neutral” rating for the company in a Thursday, July 28 research note.
Insider buying and selling
Separately, Chief Financial Officer Jim A. Swanson purchased 500 shares of Columbia Sportswear in a transaction that took place on Monday, August 29. The stock was purchased at an average cost of $72.99 per share, with a total value of $36,495.00. Following the acquisition, the CFO now owns 5,197 shares of the company, valued at approximately $379,329.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. 42.37% of the shares are currently held by insiders.
Institutional investors weigh in on Columbia Sportswear
A number of institutional investors have recently increased or reduced their stake in the stock. Atlanta Capital Management Co. LLC increased its stake 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 last quarter. BlackRock Inc. increased its stake in Columbia Sportswear by 0.9% in the first quarter. BlackRock Inc. now owns 2,948,229 shares of the textile maker valued at $266,903,000 after buying an additional 25,416 shares last quarter. JPMorgan Chase & Co. increased its holdings in Columbia Sportswear by 36.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,374,952 shares of the textile maker valued at $133,975,000 after buying an additional 366,034 shares last quarter. Boston Trust Walden Corp increased its holdings in Columbia Sportswear by 3.5% during the second quarter. Boston Trust Walden Corp now owns 998,765 shares of the textile maker valued at $71,492,000 after buying an additional 33,331 shares last quarter. Finally, State Street Corp increased its stake in Columbia Sportswear by 5.5% in the 1st quarter. State Street Corp now owns 981,366 shares of the textile maker valued at $88,843,000 after buying an additional 50,938 shares last quarter. 48.56% of the shares are held by hedge funds and other institutional investors.
Columbia Sportswear Stock down 0.8%
NASDAQ:COLM opened at $71.24 on Thursday. The stock has a market capitalization of $4.48 billion, a P/E ratio of 14.11, a growth price/earnings ratio of 1.73 and a beta of 0.89. The company’s fifty-day simple moving average is $74.41 and its 200-day simple moving average is $81.23. Columbia Sportswear has a twelve month low of $68.29 and a twelve month high of $107.50.
Columbia Sportswear (NASDAQ:COLM – Get a rating) last released its quarterly results on Wednesday, July 27. The textile maker reported earnings per share (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 17.87% and a net margin of 10.13%. Columbia Sportswear’s quarterly revenue increased 2.1% over the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $0.61. On average, analysts expect Columbia Sportswear to post EPS of 5.18 for the current fiscal year.
Columbia Sportswear Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 31. Investors of record on Wednesday August 17 received a dividend of $0.30. This represents an annualized dividend of $1.20 and a yield of 1.68%. The ex-dividend date was Tuesday, August 16. Columbia Sportswear’s dividend payout ratio is 23.76%.
Columbia Sportswear Company Profile
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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