Columbia Sportswear’s (COLM) Buy Rating Reiterated at Robert W. Baird
Robert W. Baird restated their buy rating on shares of Columbia Sportswear Company (NASDAQ:COLM) in a research note issued to investors on Sunday. They currently have a $68.00 price objective on the textile maker’s stock.
Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus set a $60.00 price objective on Columbia Sportswear and gave the company a hold rating in a research note on Sunday, July 30th. Cowen and Company set a $58.00 price objective on Columbia Sportswear and gave the company 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. Zacks Investment Research cut Columbia Sportswear from a hold rating to a sell rating in a research note on Monday, July 24th. Finally, Buckingham Research reiterated a neutral rating and issued a $58.00 price objective on shares of Columbia Sportswear in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven 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 $63.83.
Columbia Sportswear (NASDAQ:COLM) opened at 58.41 on Friday. The company has a market capitalization of $4.07 billion, a P/E ratio of 21.29 and a beta of 0.81. The firm has a 50-day moving average of $58.04 and a 200-day moving average of $57.11. Columbia Sportswear has a one year low of $51.56 and a one year high of $63.55.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, July 27th. The textile maker reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.03. The business had revenue of $398.90 million during the quarter, compared to analysts’ expectations of $394.53 million. Columbia Sportswear had a return on equity of 12.31% and a net margin of 8.01%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.12) EPS. On average, analysts anticipate that Columbia Sportswear will post $2.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Tuesday, August 15th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 26.47%.
In other news, Director Edward S. George sold 6,664 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $56.90, for a total transaction of $379,181.60. Following the sale, the director now owns 8,664 shares of the company’s stock, valued at approximately $492,981.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 58.86% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. raised its position in shares of Columbia Sportswear by 10.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock worth $149,000 after acquiring an additional 234 shares in the last quarter. Martin & Co. Inc. TN increased its position in Columbia Sportswear by 3.3% during the second quarter. Martin & Co. Inc. TN now owns 36,845 shares of the textile maker’s stock worth $2,139,000 after buying an additional 1,175 shares during the period. The Manufacturers Life Insurance Company increased its position in Columbia Sportswear by 7.9% during the second quarter. The Manufacturers Life Insurance Company now owns 23,456 shares of the textile maker’s stock worth $1,362,000 after buying an additional 1,720 shares during the period. State Street Corp increased its position in Columbia Sportswear by 8.8% during the second quarter. State Street Corp now owns 538,316 shares of the textile maker’s stock worth $31,254,000 after buying an additional 43,315 shares during the period. Finally, Dana Investment Advisors Inc. increased its position in Columbia Sportswear by 0.7% during the second quarter. Dana Investment Advisors Inc. now owns 40,047 shares of the textile maker’s stock worth $2,325,000 after buying an additional 278 shares during the period. 38.92% of the stock is currently owned by institutional investors and hedge funds.
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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