Columbia Sportswear Company (NASDAQ:COLM) announced its earnings results on Thursday, October 26th. The textile maker reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.10, Briefing.com reports. The company had revenue of $747.37 million for the quarter, compared to analyst estimates of $735.67 million. Columbia Sportswear had a return on equity of 12.30% and a net margin of 8.18%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.18 earnings per share.
Columbia Sportswear (NASDAQ COLM) traded up $0.39 during mid-day trading on Friday, reaching $62.52. The company’s stock had a trading volume of 124,100 shares, compared to its average volume of 253,886. The firm has a market cap of $4,400.00, a P/E ratio of 22.27, a P/E/G ratio of 2.36 and a beta of 0.85. Columbia Sportswear has a fifty-two week low of $51.56 and a fifty-two week high of $67.60.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.18. Columbia Sportswear’s payout ratio is 25.81%.
In other news, Director Malia H. Wasson sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $61.68, for a total value of $55,512.00. Following the transaction, the director now owns 1,089 shares in the company, valued at approximately $67,169.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Edward S. George sold 6,664 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $56.90, for a total value of $379,181.60. Following the completion of the transaction, the director now owns 8,664 shares in the company, valued at approximately $492,981.60. The disclosure for this sale can be found here. 58.86% of the stock is currently owned by insiders.
A number of brokerages recently issued reports on COLM. Canaccord Genuity reissued a “neutral” rating on shares of Columbia Sportswear in a research report on Wednesday, July 26th. Stifel Nicolaus reissued a “hold” rating and set a $60.00 price target on shares of Columbia Sportswear in a research report on Wednesday, October 4th. Pivotal Research reaffirmed a “buy” rating and issued a $74.00 target price (up previously from $72.00) on shares of Columbia Sportswear in a report on Friday, October 27th. Zacks Investment Research raised Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Finally, B. Riley reissued a “buy” rating on shares of Columbia Sportswear in a report on Wednesday, November 1st. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $64.92.
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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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