Brokerages Set Columbia Sportswear Company (COLM) Price Target at $63.18
Columbia Sportswear Company (NASDAQ:COLM) has been given a consensus rating of “Hold” by the fifteen ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $63.18.
A number of research analysts recently issued reports on COLM shares. Buckingham Research reiterated a “neutral” rating and issued a $58.00 price target on shares of Columbia Sportswear in a research note on Monday, July 17th. Zacks Investment Research upgraded shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. 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 restated a “neutral” rating on shares of Columbia Sportswear in a research report on Wednesday, July 26th. Finally, Stifel Nicolaus set a $60.00 price objective on shares of Columbia Sportswear and gave the stock a “hold” rating in a research report on Sunday, July 30th.
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Columbia Sportswear (NASDAQ:COLM) traded up 1.40% during midday trading on Wednesday, reaching $61.58. 238,870 shares of the company were exchanged. The company has a market capitalization of $4.29 billion, a PE ratio of 22.45 and a beta of 0.81. Columbia Sportswear has a 52 week low of $51.56 and a 52 week high of $63.55. The firm has a 50-day moving average price of $58.04 and a 200-day moving average price of $57.11.
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, topping 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 the consensus estimate of $394.53 million. During the same quarter in the previous year, the firm earned ($0.12) earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts anticipate that Columbia Sportswear will post $2.79 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.17%. Columbia Sportswear’s payout ratio is 26.47%.
In other news, Director Edward S. George sold 6,664 shares of Columbia Sportswear stock in a transaction on Monday, August 28th. The shares were sold at an average price of $56.90, for a total value of $379,181.60. Following the transaction, the director now directly 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 accessible through this hyperlink. Insiders own 58.86% of the company’s stock.
Several institutional investors have recently made changes to their positions in COLM. First Trust Advisors LP increased its holdings in shares of Columbia Sportswear by 11.3% in the 1st quarter. First Trust Advisors LP now owns 33,029 shares of the textile maker’s stock valued at $1,940,000 after acquiring an additional 3,342 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Columbia Sportswear by 1.4% in the 1st quarter. Bank of New York Mellon Corp now owns 241,033 shares of the textile maker’s stock valued at $14,162,000 after acquiring an additional 3,262 shares during the period. Swiss National Bank increased its holdings in shares of Columbia Sportswear by 2.2% in the 1st quarter. Swiss National Bank now owns 46,100 shares of the textile maker’s stock valued at $2,708,000 after acquiring an additional 1,000 shares during the period. UBS Asset Management Americas Inc. increased its holdings in shares of Columbia Sportswear by 53.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 12,172 shares of the textile maker’s stock valued at $715,000 after acquiring an additional 4,232 shares during the period. Finally, Karp Capital Management Corp acquired a new position in shares of Columbia Sportswear in the 1st quarter valued at $413,000. 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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