Shares of Columbia Sportswear Company (NASDAQ:COLM) have earned an average rating of “Buy” from the sixteen brokerages that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $65.25.
A number of research firms have recently weighed in on COLM. Canaccord Genuity reissued a “neutral” rating on shares of Columbia Sportswear in a report on Wednesday, July 26th. Pivotal Research reissued a “buy” rating and issued a $74.00 price target (up from $72.00) on shares of Columbia Sportswear in a report on Friday, October 27th. Stifel Nicolaus reissued a “hold” rating and issued a $60.00 price target on shares of Columbia Sportswear in a report on Wednesday, October 4th. Zacks Investment Research raised Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Finally, B. Riley reissued a “buy” rating on shares of Columbia Sportswear in a report on Wednesday, November 1st.
Columbia Sportswear (NASDAQ:COLM) traded up $1.23 on Thursday, reaching $66.45. The company’s stock had a trading volume of 228,760 shares, compared to its average volume of 218,470. The stock has a market capitalization of $4,643.29, a P/E ratio of 23.82, a price-to-earnings-growth ratio of 2.53 and a beta of 0.85. Columbia Sportswear has a one year low of $51.56 and a one year high of $67.60.
Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, October 26th. The textile maker reported $1.25 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.10. The company had revenue of $747.37 million for the quarter, compared to the consensus estimate of $735.67 million. Columbia Sportswear had a return on equity of 12.30% and a net margin of 8.18%. Columbia Sportswear’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 earnings per share. research analysts predict that Columbia Sportswear will post 2.71 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be paid a $0.19 dividend. This is a positive change from Columbia Sportswear’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 1.14%. The ex-dividend date is Wednesday, November 15th. Columbia Sportswear’s dividend payout ratio is presently 27.24%.
In related news, Director Malia H. Wasson sold 900 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was 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 directly owns 1,089 shares in the company, valued at $67,169.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward S. George sold 6,664 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $56.90, for a total value of $379,181.60. Following the completion of the transaction, the director now owns 8,664 shares of the company’s stock, valued at $492,981.60. The disclosure for this sale can be found here. Corporate insiders own 58.86% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. acquired a new position in Columbia Sportswear in the second quarter valued at $3,918,000. Vanguard Group Inc. increased its stake in Columbia Sportswear by 31.7% in the first quarter. Vanguard Group Inc. now owns 2,774,168 shares of the textile maker’s stock valued at $162,982,000 after purchasing an additional 667,856 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Columbia Sportswear by 6.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 197,865 shares of the textile maker’s stock valued at $11,625,000 after acquiring an additional 12,355 shares during the period. JPMorgan Chase & Co. grew its position in Columbia Sportswear by 8.7% during the second quarter. JPMorgan Chase & Co. now owns 1,640,985 shares of the textile maker’s stock valued at $95,276,000 after acquiring an additional 131,329 shares during the period. Finally, Harfst & Associates Inc. purchased a new stake in Columbia Sportswear during the second quarter valued at about $334,000. Hedge funds and other institutional investors own 38.48% of the company’s stock.
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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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