Columbia Sportswear Company (NASDAQ:COLM)‘s stock had its “buy” rating restated by investment analysts at Guggenheim in a report released on Friday. They currently have a $55.00 price objective on the stock. Guggenheim’s price target points to a potential downside of 8.07% from the stock’s previous close.
A number of other brokerages have also recently commented on COLM. B. Riley restated a “neutral” rating and issued a $61.00 price target on shares of Columbia Sportswear Company in a research report on Tuesday. Cowen and Company restated a “market perform” rating and issued a $58.00 price target on shares of Columbia Sportswear Company in a research report on Friday. FBR & Co restated an “outperform” rating on shares of Columbia Sportswear Company in a research report on Friday. Brean Capital restated a “hold” rating on shares of Columbia Sportswear Company in a research report on Monday, October 31st. Finally, Wedbush began coverage on Columbia Sportswear Company in a research report on Tuesday, November 1st. They issued an “outperform” rating and a $67.00 price target for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Columbia Sportswear Company presently has a consensus rating of “Hold” and an average price target of $64.77.
Shares of Columbia Sportswear Company (NASDAQ:COLM) traded up 12.27% during trading on Friday, hitting $59.83. The company had a trading volume of 1,932,268 shares. The firm’s 50 day moving average is $55.69 and its 200-day moving average is $57.14. The stock has a market capitalization of $4.18 billion, a P/E ratio of 24.81 and a beta of 0.78. Columbia Sportswear Company has a 52 week low of $51.70 and a 52 week high of $63.55.
Columbia Sportswear Company (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, February 9th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. The company earned $717.40 million during the quarter, compared to analysts’ expectations of $758.88 million. Columbia Sportswear Company had a return on equity of 11.42% and a net margin of 7.23%. Columbia Sportswear Company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 earnings per share. Equities research analysts anticipate that Columbia Sportswear Company will post $2.88 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 22nd. Stockholders of record on Thursday, March 9th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Tuesday, March 7th. Columbia Sportswear Company’s payout ratio is 29.88%.
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In other news, Director Sarah Bany sold 5,290 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $59.37, for a total value of $314,067.30. Following the completion of the sale, the director now directly owns 1,579,136 shares of the company’s stock, valued at approximately $93,753,304.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 62.12% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. US Bancorp DE raised its stake in Columbia Sportswear Company by 3.5% in the third quarter. US Bancorp DE now owns 2,485 shares of the company’s stock valued at $141,000 after buying an additional 85 shares during the last quarter. Advisor Group Inc. raised its stake in Columbia Sportswear Company by 2.5% in the third quarter. Advisor Group Inc. now owns 3,082 shares of the company’s stock valued at $174,000 after buying an additional 76 shares during the last quarter. Pacer Advisors Inc. raised its stake in Columbia Sportswear Company by 9.3% in the third quarter. Pacer Advisors Inc. now owns 3,388 shares of the company’s stock valued at $192,000 after buying an additional 288 shares during the last quarter. Intrust Bank NA raised its stake in Columbia Sportswear Company by 0.6% in the third quarter. Intrust Bank NA now owns 3,885 shares of the company’s stock valued at $221,000 after buying an additional 22 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Columbia Sportswear Company by 14.1% in the second quarter. Teacher Retirement System of Texas now owns 3,929 shares of the company’s stock valued at $226,000 after buying an additional 485 shares during the last quarter. 37.58% of the stock is owned by institutional investors and hedge funds.
About Columbia Sportswear Company
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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