Columbia Sportswear Company (NASDAQ:COLM) had its price objective hoisted by Stifel Nicolaus from $60.00 to $62.00 in a report published on Friday, October 27th. They currently have a hold rating on the textile maker’s stock.
A number of other research firms have also recently weighed in on COLM. FBR & Co reiterated a buy rating and issued a $68.00 target price on shares of Columbia Sportswear in a research note on Friday, October 27th. Zacks Investment Research cut shares of Columbia Sportswear from a hold rating to a sell rating in a research note on Monday, July 24th. Buckingham Research reiterated a neutral rating and issued a $58.00 target price on shares of Columbia Sportswear in a research note on Monday, July 17th. Canaccord Genuity set a $60.00 target price on shares of Columbia Sportswear and gave the company a hold rating in a research note on Tuesday, July 25th. Finally, Cowen and Company set a $58.00 price target on shares of Columbia Sportswear and gave the company a hold rating in a research report on Wednesday, July 19th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $64.92.
Columbia Sportswear (COLM) traded up $0.39 during trading on Friday, reaching $62.52. 124,100 shares of the company traded hands, compared to its average volume of 253,886. Columbia Sportswear has a 1-year low of $51.56 and a 1-year high of $67.60. The stock has a market capitalization of $4,400.00, a PE ratio of 22.27, a PEG ratio of 2.36 and a beta of 0.85.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.10. The business had revenue of $747.37 million for the quarter, compared to analysts’ expectations of $735.67 million. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.18 earnings per share. equities research analysts predict that Columbia Sportswear will post 2.71 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Columbia Sportswear’s previous quarterly dividend of $0.18. Columbia Sportswear’s dividend payout ratio is 25.81%.
In other Columbia Sportswear news, Director Malia H. Wasson sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $61.68, for a total value of $55,512.00. Following the completion of the transaction, the director now owns 1,089 shares of the company’s stock, valued at approximately $67,169.52. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Edward S. George sold 6,664 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $56.90, for a total transaction of $379,181.60. Following the completion of the transaction, the director now directly owns 8,664 shares of the company’s stock, valued at approximately $492,981.60. The disclosure for this sale can be found here. Corporate insiders own 58.86% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Columbia Sportswear by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,802,549 shares of the textile maker’s stock valued at $162,716,000 after purchasing an additional 28,381 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Columbia Sportswear by 0.8% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,888,128 shares of the textile maker’s stock valued at $116,271,000 after purchasing an additional 15,673 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Columbia Sportswear by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,254 shares of the textile maker’s stock valued at $108,662,000 after purchasing an additional 148,269 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Columbia Sportswear by 6.0% in the 2nd quarter. BlackRock Inc. now owns 1,733,820 shares of the textile maker’s stock valued at $100,665,000 after purchasing an additional 98,264 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Columbia Sportswear by 14.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,072,520 shares of the textile maker’s stock valued at $66,046,000 after purchasing an additional 137,900 shares in the last quarter. 39.18% of the stock is owned by institutional investors.
Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
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