Columbia Sportswear PT Raised to $58.00 at Janney Montgomery Scott (COLM)
Stock analysts at Janney Montgomery Scott boosted their price target on shares of Columbia Sportswear (NASDAQ:COLM) from $50.00 to $58.00 in a report issued on Friday, Stock Ratings News reports. The firm currently has a “neutral” rating on the stock. Janney Montgomery Scott’s target price points to a potential downside of 16.37% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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, ten have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $58.45.
Columbia Sportswear (NASDAQ:COLM) traded up 6.51% on Friday, hitting $69.35. 126,209 shares of the company’s stock traded hands. Columbia Sportswear has a 1-year low of $47.72 and a 1-year 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 released its earnings data on Thursday, October 24th. The company reported $1.57 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.88 earnings per share. Columbia Sportswear’s revenue was down 4.0% compared to the same quarter last year. On average, analysts predict that Columbia Sportswear will post $2.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Shareholders of record on Thursday, November 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from Columbia Sportswear’s previous quarterly dividend of $0.22.
In other Columbia Sportswear news, COO Bryan Timm unloaded 9,570 shares of the stock on the open market in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $63.13, for a total transaction of $604,154.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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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