Columbia Sportswear (NASDAQ:COLM – Get a rating) earned a consensus recommendation of “Hold” from the twelve research firms that currently cover the company, MarketBeat reports. One equity research analyst rated the stock with a sell rating, four issued a hold rating and two issued a buy rating on the company. The 12-month average target price among analysts who have covered the stock over the past year is $89.38.
Several research analysts have recently weighed in on COLM shares. UBS Group lowered its price target on Columbia Sportswear shares from $83.00 to $80.00 and set a “neutral” rating on the stock in a Thursday, July 28 research report. Cowen cut his price target on shares of Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research report. Citigroup cut its price target on shares of Columbia Sportswear from $98.00 to $80.00 in a Thursday, July 28 research report. TheStreet upgraded Columbia Sportswear shares from a “b” to a “c+” rating in a Thursday, April 28 research report. Finally, Bank of America downgraded shares of Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its price target for the company from $108.00 to $80.00 in a report. research on Friday, April 29.
Columbia Sportswear Institutional Trade
A number of institutional investors and hedge funds have recently increased or reduced their stakes in the company. Atlanta Capital Management Co. LLC increased its stake in Columbia Sportswear by 3.5% in the fourth quarter. Atlanta Capital Management Co. LLC now owns 3,104,900 shares of the textile maker worth $302,541,000 after acquiring an additional 104,451 shares during the period. 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 worth $266,903,000 after acquiring an additional 25,416 shares during the period. JPMorgan Chase & Co. increased its stake in Columbia Sportswear by 36.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,374,952 shares of the textile maker worth $133,975,000 after acquiring an additional 366,034 shares during the period. Boston Trust Walden Corp increased its stake in Columbia Sportswear by 3.5% in the second quarter. Boston Trust Walden Corp now owns 998,765 shares of the textile maker worth $71,492,000 after acquiring 33,331 additional shares during the period. Finally, State Street Corp increased its stake in Columbia Sportswear by 5.5% in the first quarter. State Street Corp now owns 981,366 shares of the textile maker worth $88,843,000 after acquiring an additional 50,938 shares during the period. Hedge funds and other institutional investors own 48.65% of the company’s shares.
Columbia Sportswear Stock up 1.4%
Shares of COLM opened at $74.87 on Friday. The company’s 50-day moving average price is $74.50 and its 200-day moving average price is $83.32. Columbia Sportswear has a twelve month low of $68.29 and a twelve month high of $107.50. The stock has a market capitalization of $4.71 billion, a PE ratio of 14.83, a P/E/G ratio of 1.76 and a beta of 0.89.
Columbia Sportswear (NASDAQ:COLM – Get a rating) last announced its quarterly results on Wednesday, July 27. The textile maker reported earnings per share of $0.11 for the quarter, beating the consensus estimate of $0.04 by $0.07. Columbia Sportswear had a return on equity of 17.87% and a net margin of 10.13%. The company posted revenue of $578.06 million for the quarter, versus $592.35 million expected by analysts. In the same period a year earlier, the company posted earnings per share of $0.61. The company’s revenue increased 2.1% year over year. Analysts expect Columbia Sportswear to post earnings per share of 5.18 for the current fiscal year.
Columbia Sportswear Dividend Announcement
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. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Tuesday, August 16. Columbia Sportswear’s dividend payout ratio (DPR) is currently 23.76%.
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, 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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