A number of other equities analysts have also recently issued reports on the stock. TheStreet cut shares of Columbia Sportswear from a b rating to a c+ rating in a research note on Thursday, April 28th. StockNews.com cut shares of Columbia Sportswear from a buy rating to a hold rating in a research note on Friday, April 29th. Seaport Res Ptn upgraded shares of Columbia Sportswear from a neutral rating to a buy rating in a research note on Friday, January 28th. CL King upgraded shares of Columbia Sportswear to a buy rating and set a $117.00 price objective for the company in a research note on Friday, February 4th. Finally, Bank of America cut shares of Columbia Sportswear from a neutral rating to an underperform rating and dropped their price objective for the company from $108.00 to $80.00 in a research note on Friday, April 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Columbia Sportswear currently has a consensus rating of Hold and an average price target of $102.00.
NASDAQ:COLM traded up $2.36 during trading hours on Friday, hitting $79.85. 570,155 shares of the company traded hands, compared to its average volume of 458,809. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 1.51 and a beta of 0.90. Columbia Sportswear has a twelve month low of $74.06 and a twelve month high of $107.50. The firm has a 50-day moving average of $87.14 and a 200 day moving average of $93.53.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its earnings results on Thursday, April 28th. The textile maker reported $1.03 EPS for the quarter, beating the consensus estimate of $0.85 by $0.18. The firm had revenue of $761.50 million during the quarter, compared to analysts’ expectations of $762.88 million. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 EPS. On average, analysts expect that Columbia Sportswear will post 5.85 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Thursday, May 19th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, May 18th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 21.62%.
In other Columbia Sportswear news, Director Ronald E. Nelson sold 3,706 shares of the stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $80.16, for a total transaction of $297,072.96. Following the sale, the director now owns 14,402 shares of the company’s stock, valued at approximately $1,154,464.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen E. Babson sold 2,568 shares of the stock in a transaction dated Tuesday, May 3rd. The stock was sold at an average price of $81.14, for a total transaction of $208,367.52. Following the sale, the director now directly owns 112,627 shares in the company, valued at approximately $9,138,554.78. The disclosure for this sale can be found here. Company insiders own 41.15% of the company’s stock.
Large investors have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new stake in Columbia Sportswear during the 1st quarter worth about $27,000. First Manhattan Co. boosted its stake in shares of Columbia Sportswear by 304.9% in the 3rd quarter. First Manhattan Co. now owns 332 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 250 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Columbia Sportswear in the 1st quarter valued at about $31,000. Bedel Financial Consulting Inc. boosted its stake in shares of Columbia Sportswear by 300.0% in the 4th quarter. Bedel Financial Consulting Inc. now owns 400 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 300 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Columbia Sportswear in the 4th quarter valued at about $43,000. 48.65% of the stock is currently owned by hedge funds and other institutional investors.
About Columbia Sportswear (Get Rating)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor, active, and everyday 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 in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.
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