Columbia Sportswear Co. Hits New 52-Week High at $68.67 (COLM)
Shares of Columbia Sportswear (NASDAQ:COLM) hit a new 52-week high on Friday, Stock Ratings News reports. The company traded as high as $68.67 and last traded at $68.39, with a volume of 93,003 shares trading hands. The stock had previously closed at $65.11.
A number of research firms have recently commented on COLM. Analysts at DA Davidson reiterated a “neutral” rating on shares of Columbia Sportswear in a research note to investors on Friday. They now have a $73.00 price target on the stock, up previously from $66.00. Separately, analysts at Citigroup Inc. upgraded shares of Columbia Sportswear from a “sell” rating to a “neutral” rating in a research note to investors on Friday. Finally, analysts at Thomson Reuters/Verus downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $58.50.
In other Columbia Sportswear news, COO Bryan Timm sold 5,430 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $63.18, for a total transaction of $343,067.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Columbia Sportswear has a 52-week low of $47.72 and a 52-week high of $66.69. The stock has a 50-day moving average of $60.03 and a 200-day moving average of $59.97. The company has a market cap of $2.386 billion and a P/E ratio of 20.98.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.13. The company had revenue of $523.10 million for the quarter, compared to the consensus estimate of $514.20 million. During the same quarter in the previous year, the company posted $1.88 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Analysts expect that Columbia Sportswear will post $2.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 2nd. Investors of record on Thursday, November 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Tuesday, November 12th. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.22.
Columbia Sportswear Company is a family-owned, regional hat distributor. The Company is engaged in the design, sourcing, marketing and distribution of active outdoor apparel, footwear, accessories and equipment.
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