Columbia Sportswear Company (NASDAQ:COLM) released its quarterly earnings data on Thursday. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. Columbia Sportswear Company had a net margin of 8.07% and a return on equity of 12.77%. The business earned $717.40 million during the quarter, compared to analyst estimates of $758.88 million. During the same period in the previous year, the business earned $0.90 EPS. Columbia Sportswear Company’s revenue was up 2.6% compared to the same quarter last year. Columbia Sportswear Company updated its FY17 guidance to $2.72-2.82 EPS.
Shares of Columbia Sportswear Company (NASDAQ:COLM) opened at 59.83 on Monday. The firm has a 50-day moving average of $55.69 and a 200 day moving average of $57.14. The company has a market capitalization of $4.18 billion, a P/E ratio of 22.00 and a beta of 0.78. Columbia Sportswear Company has a 1-year low of $51.70 and a 1-year high of $63.55.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 22nd. Shareholders of record on Thursday, March 9th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, March 7th. Columbia Sportswear Company’s dividend payout ratio is presently 26.57%.
Hedge funds have recently made changes to their positions in the company. Marshall Wace LLP boosted its stake in shares of Columbia Sportswear Company by 1,455.1% in the fourth quarter. Marshall Wace LLP now owns 111,766 shares of the company’s stock worth $6,516,000 after buying an additional 104,579 shares during the period. Trexquant Investment LP purchased a new stake in shares of Columbia Sportswear Company during the fourth quarter worth about $290,000. Keybank National Association OH purchased a new stake in shares of Columbia Sportswear Company during the fourth quarter worth about $752,000. Cortina Asset Management LLC purchased a new stake in shares of Columbia Sportswear Company during the fourth quarter worth about $8,649,000. Finally, State Street Corp boosted its stake in shares of Columbia Sportswear Company by 3.6% in the fourth quarter. State Street Corp now owns 484,862 shares of the company’s stock worth $28,263,000 after buying an additional 16,957 shares during the period. 37.58% of the stock is owned by hedge funds and other institutional investors.
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COLM has been the subject of a number of recent research reports. FBR & Co reiterated a “buy” rating and issued a $68.00 price objective on shares of Columbia Sportswear Company in a research note on Friday, October 28th. Zacks Investment Research upgraded shares of Columbia Sportswear Company from a “sell” rating to a “hold” rating in a research note on Wednesday, December 14th. Guggenheim reiterated a “buy” rating and issued a $55.00 price objective on shares of Columbia Sportswear Company in a research note on Friday. B. Riley reiterated a “neutral” rating and issued a $64.00 price objective on shares of Columbia Sportswear Company in a research note on Thursday, October 27th. Finally, Buckingham Research initiated coverage on shares of Columbia Sportswear Company in a research note on Thursday, October 20th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $65.25.
Columbia Sportswear Company Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada.
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