Columbia Sportswear Company Price Target Increased to $77.00 by Analysts at Janney Montgomery Scott (COLM)
Equities researchers at Janney Montgomery Scott boosted their price objective on shares of Columbia Sportswear Company (NASDAQ:COLM) from $70.00 to $77.00 in a research report issued on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Janney Montgomery Scott’s price objective would indicate a potential downside of 10.97% from the stock’s previous close.
Shares of Columbia Sportswear Company (NASDAQ:COLM) traded up 0.43% during mid-day trading on Wednesday, hitting $86.49. 271,379 shares of the company’s stock traded hands. Columbia Sportswear Company has a 52-week low of $55.58 and a 52-week high of $89.96. The stock has a 50-day moving average of $82.32 and a 200-day moving average of $75.70. The company has a market cap of $2.993 billion and a price-to-earnings ratio of 31.66.
Columbia Sportswear Company (NASDAQ:COLM) last released its earnings data on Tuesday, April 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.30. The company had revenue of $424.10 million for the quarter, compared to the consensus estimate of $397.58 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. Analysts expect that Columbia Sportswear Company will post $3.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Tuesday, May 13th.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Columbia Sportswear Company from $66.00 to $75.00 in a research note on Tuesday, March 4th. Separately, analysts at McAdams Wright Ragen downgraded shares of Columbia Sportswear Company from a “hold” rating to a “sell” rating in a research note on Friday, February 21st. Finally, analysts at DA Davidson set a $87.00 price target on shares of Columbia Sportswear Company in a research note on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $74.64.
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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