Brokerages Set Columbia Sportswear (COLM) Target Price at $108.77
Columbia Sportswear (NASDAQ:COLM) has earned a consensus recommendation of “Buy” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $108.77.
COLM has been the topic of a number of analyst reports. BidaskClub upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Canaccord Genuity set a $107.00 price target on shares of Columbia Sportswear and gave the company a “hold” rating in a research report on Friday, April 26th. Zacks Investment Research downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Macquarie set a $118.00 price target on shares of Columbia Sportswear and gave the company a “buy” rating in a research report on Friday, February 8th. Finally, Cowen set a $118.00 price target on shares of Columbia Sportswear and gave the company a “buy” rating in a research report on Friday, February 8th.
In other Columbia Sportswear news, Director Ronald E. Nelson sold 7,216 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $105.26, for a total transaction of $759,556.16. Following the sale, the director now directly owns 5,425 shares in the company, valued at approximately $571,035.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Murrey R. Albers sold 11,608 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $97.32, for a total transaction of $1,129,690.56. Following the sale, the director now owns 39,350 shares in the company, valued at $3,829,542. The disclosure for this sale can be found here. Insiders have sold a total of 46,837 shares of company stock worth $4,853,186 over the last 90 days. Corporate insiders own 56.57% of the company’s stock.
Shares of NASDAQ:COLM opened at $98.07 on Monday. The company has a market capitalization of $6.68 billion, a P/E ratio of 24.46, a PEG ratio of 2.39 and a beta of 0.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.33 and a current ratio of 3.41. Columbia Sportswear has a fifty-two week low of $80.03 and a fifty-two week high of $109.74.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, April 25th. The textile maker reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.23. The business had revenue of $654.61 million for the quarter, compared to the consensus estimate of $646.77 million. Columbia Sportswear had a net margin of 10.43% and a return on equity of 17.89%. Columbia Sportswear’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company posted $0.77 EPS. On average, analysts forecast that Columbia Sportswear will post 4.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, May 15th. This represents a $0.96 annualized dividend and a yield of 0.98%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 23.94%.
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 and 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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