Columbia Sportswear Company Stock Rating Reaffirmed by Citigroup Inc. (COLM)
Columbia Sportswear Company (NASDAQ:COLM)‘s stock had its “neutral” rating reiterated by stock analysts at Citigroup Inc. in a report issued on Monday. They currently have a $87.00 price target on the stock, up from their previous price target of $83.00. Citigroup Inc.’s price target would suggest a potential upside of 14.81% from the company’s current price.
A number of other firms have also recently commented on COLM. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Columbia Sportswear Company in a research note on Friday. They now have a $79.00 price target on the stock, up previously from $74.00. Separately, analysts at Canaccord Genuity raised their price target on shares of Columbia Sportswear Company from $78.00 to $83.00 in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at Zacks downgraded shares of Columbia Sportswear Company from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $89.10 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Columbia Sportswear Company currently has an average rating of “Hold” and a consensus price target of $80.01.
Columbia Sportswear Company (NASDAQ:COLM) traded up 1.79% during mid-day trading on Monday, hitting $77.14. The stock had a trading volume of 114,413 shares. 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 $82.93 and a 200-day moving average of $81.71. The company has a market cap of $2.697 billion and a price-to-earnings ratio of 24.81.
Columbia Sportswear Company (NASDAQ:COLM) last released its earnings data on Thursday, July 24th. The company reported ($0.34) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.34). The company had revenue of $324.24 million for the quarter, compared to the consensus estimate of $321.10 million. During the same quarter in the previous year, the company posted ($0.21) earnings per share. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, analysts predict that Columbia Sportswear Company will post $3.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.48%.
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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