Columbia Sportswear (NASDAQ:COLM)’s share price hit a new 52-week high and low on Friday after the company announced better than expected quarterly earnings. The company traded as low as $87.97 and last traded at $85.55, with a volume of 292488 shares traded. The stock had previously closed at $82.09.

The textile maker reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.19. Columbia Sportswear had a return on equity of 12.65% and a net margin of 4.26%. The company had revenue of $607.31 million during the quarter, compared to analysts’ expectations of $581.16 million. During the same quarter in the previous year, the firm earned $0.51 EPS. Columbia Sportswear’s revenue was up 11.7% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Thursday, May 17th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $0.88 dividend on an annualized basis and a yield of 1.04%. Columbia Sportswear’s dividend payout ratio is currently 29.53%.

A number of equities research analysts recently weighed in on the company. B. Riley set a $81.00 price objective on Columbia Sportswear and gave the stock a “buy” rating in a research report on Friday. Buckingham Research boosted their price objective on Columbia Sportswear from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday. Wedbush boosted their price objective on Columbia Sportswear from $80.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday. DA Davidson boosted their price objective on Columbia Sportswear from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday. Finally, CL King lowered Columbia Sportswear to a “hold” rating in a research report on Friday. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Columbia Sportswear has a consensus rating of “Buy” and an average price target of $82.44.

In other Columbia Sportswear news, COO Thomas B. Cusick sold 8,343 shares of the company’s stock in a transaction dated Wednesday, April 11th. The stock was sold at an average price of $82.50, for a total value of $688,297.50. Following the sale, the chief operating officer now owns 52,606 shares in the company, valued at approximately $4,339,995. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Walter Klenz sold 11,694 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $75.87, for a total value of $887,223.78. Following the completion of the sale, the director now owns 16,675 shares in the company, valued at approximately $1,265,132.25. The disclosure for this sale can be found here. Insiders sold a total of 95,838 shares of company stock worth $7,405,059 in the last quarter. Corporate insiders own 58.86% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Columbia Sportswear by 2.6% in the 4th quarter. BlackRock Inc. now owns 1,841,927 shares of the textile maker’s stock valued at $132,398,000 after buying an additional 46,815 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Columbia Sportswear by 9.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,178,660 shares of the textile maker’s stock valued at $84,722,000 after buying an additional 106,140 shares during the last quarter. Westwood Holdings Group Inc. grew its position in shares of Columbia Sportswear by 19.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 490,247 shares of the textile maker’s stock valued at $35,239,000 after buying an additional 78,554 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Columbia Sportswear by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 301,898 shares of the textile maker’s stock valued at $21,700,000 after buying an additional 24,356 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Columbia Sportswear by 1.2% in the 4th quarter. Bank of New York Mellon Corp now owns 250,139 shares of the textile maker’s stock valued at $17,980,000 after buying an additional 2,977 shares during the last quarter. Hedge funds and other institutional investors own 39.36% of the company’s stock.

The stock has a market cap of $5,654.36, a P/E ratio of 28.36, a PEG ratio of 2.45 and a beta of 0.89.

Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.

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