Stifel Nicolaus set a $60.00 price objective on Columbia Sportswear Company (NASDAQ:COLM) in a research report sent to investors on Sunday, July 30th. The firm currently has a hold rating on the textile maker’s stock.
COLM has been the topic of a number of other research reports. Zacks Investment Research raised shares of Columbia Sportswear from a sell rating to a hold rating in a report on Monday, April 3rd. Goldman Sachs Group, Inc. (The) lowered shares of Columbia Sportswear from a conviction-buy rating to a buy rating in a report on Tuesday, May 23rd. Canaccord Genuity lowered shares of Columbia Sportswear from a buy rating to a hold rating and decreased their target price for the stock from $64.00 to $60.00 in a report on Friday, April 28th. Buckingham Research reaffirmed a neutral rating and set a $58.00 target price on shares of Columbia Sportswear in a report on Monday, July 17th. Finally, Cowen and Company set a $58.00 target price on shares of Columbia Sportswear and gave the stock a hold rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Columbia Sportswear presently has an average rating of Hold and an average price target of $63.45.
Shares of Columbia Sportswear (NASDAQ COLM) traded up 0.17% during midday trading on Friday, reaching $58.21. 111,333 shares of the company traded hands. Columbia Sportswear has a 12-month low of $51.56 and a 12-month high of $63.55. The firm has a market capitalization of $4.06 billion, a PE ratio of 21.22 and a beta of 0.80. The company has a 50-day moving average of $57.74 and a 200 day moving average of $56.69.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, July 27th. The textile maker reported ($0.17) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.03. The company had revenue of $398.90 million for the quarter, compared to analysts’ expectations of $394.53 million. Columbia Sportswear had a net margin of 8.01% and a return on equity of 12.31%. Columbia Sportswear’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.12) EPS. On average, equities analysts forecast that Columbia Sportswear will post $2.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, August 15th. Columbia Sportswear’s dividend payout ratio is currently 26.47%.
In related news, Director Edward S. George sold 1,776 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $53.59, for a total transaction of $95,175.84. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $107,180. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 58.86% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Columbia Sportswear by 1.0% in the second quarter. Vanguard Group Inc. now owns 2,802,549 shares of the textile maker’s stock valued at $162,716,000 after buying an additional 28,381 shares during the last quarter. BlackRock Inc. boosted its stake in Columbia Sportswear by 6.0% in the second quarter. BlackRock Inc. now owns 1,733,820 shares of the textile maker’s stock valued at $100,665,000 after buying an additional 98,264 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Columbia Sportswear by 8.7% in the second quarter. JPMorgan Chase & Co. now owns 1,640,985 shares of the textile maker’s stock worth $95,276,000 after buying an additional 131,329 shares during the period. Victory Capital Management Inc. boosted its position in shares of Columbia Sportswear by 2.7% in the second quarter. Victory Capital Management Inc. now owns 934,620 shares of the textile maker’s stock worth $54,264,000 after buying an additional 24,325 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Columbia Sportswear by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 717,052 shares of the textile maker’s stock worth $41,631,000 after buying an additional 6,371 shares during the period. 39.20% of the stock is 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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