Stifel Nicolaus Analysts Give Columbia Sportswear Company (COLM) a $60.00 Price Target
A number of other analysts have also weighed in on the stock. B. Riley restated a neutral rating and set a $61.00 price objective on shares of Columbia Sportswear in a research note on Tuesday, April 25th. Forward View lowered shares of Columbia Sportswear from a buy rating to a hold rating in a research note on Saturday, May 13th. Cowen and Company set a $58.00 price target on shares of Columbia Sportswear and gave the stock a hold rating in a research note on Wednesday, July 19th. Canaccord Genuity reiterated a neutral rating on shares of Columbia Sportswear in a research note on Wednesday, July 26th. Finally, Zacks Investment Research downgraded shares of Columbia Sportswear from a hold rating to a sell rating in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $63.45.
Shares of Columbia Sportswear (NASDAQ COLM) traded up 0.17% during trading on Friday, hitting $58.21. 111,333 shares of the stock were exchanged. Columbia Sportswear has a 52 week low of $51.56 and a 52 week high of $63.55. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 21.22 and a beta of 0.80. The stock’s 50 day moving average price is $57.74 and its 200 day moving average price is $56.69.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, July 27th. The textile maker reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.03. Columbia Sportswear had a net margin of 8.01% and a return on equity of 12.31%. The company had revenue of $398.90 million during the quarter, compared to analysts’ expectations of $394.53 million. During the same period last year, the company posted ($0.12) EPS. Columbia Sportswear’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts predict that Columbia Sportswear will post $2.79 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, August 15th. Columbia Sportswear’s dividend payout ratio (DPR) is 26.47%.
In other Columbia Sportswear news, Director Edward S. George sold 1,776 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $53.59, for a total transaction of $95,175.84. Following the transaction, the director now owns 2,000 shares in the company, valued at $107,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 58.86% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in Columbia Sportswear by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 717,052 shares of the textile maker’s stock worth $41,631,000 after buying an additional 6,371 shares during the last quarter. Advisor Group Inc. boosted its position in Columbia Sportswear by 11.2% in the second quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock worth $195,000 after buying an additional 339 shares during the last quarter. Harfst & Associates Inc. bought a new position in Columbia Sportswear during the second quarter worth approximately $334,000. Quantbot Technologies LP bought a new position in Columbia Sportswear during the second quarter worth approximately $239,000. Finally, California Public Employees Retirement System boosted its position in Columbia Sportswear by 2.2% in the second quarter. California Public Employees Retirement System now owns 70,800 shares of the textile maker’s stock worth $4,111,000 after buying an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 39.20% of the company’s stock.
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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