Columbia Sportswear Company Given Average Recommendation of “Hold” by Brokerages (NASDAQ:COLM)
Columbia Sportswear Company (NASDAQ:COLM) has been given a consensus recommendation of “Hold” by the twelve analysts that are presently covering the company, AnalystRatingsNetwork.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $78.88.
Shares of Columbia Sportswear Company (NASDAQ:COLM) opened at 74.70 on Wednesday. Columbia Sportswear Company has a one year low of $55.58 and a one year high of $89.96. The stock has a 50-day moving average of $79.88 and a 200-day moving average of $81.5. The company has a market cap of $2.618 billion and a price-to-earnings ratio of 24.45. Shares of Columbia Sportswear Company are going to split before the market opens on Monday, September 29th. The 2-1 split was announced on Thursday, July 24th. The newly created shares will be issued to shareholders after the closing bell on Friday, September 26th.
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. Analysts expect that Columbia Sportswear Company will post $3.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 28th. Investors of record on Thursday, August 14th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Tuesday, August 12th.
A number of research firms have recently commented on COLM. Analysts at McAdams Wright Ragen upgraded shares of Columbia Sportswear Company from a “sell” rating to a “hold” rating in a research note on Tuesday, July 29th. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Columbia Sportswear Company in a research note on Monday, July 28th. They now have a $87.00 price target on the stock, up previously from $83.00. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Columbia Sportswear Company in a research note on Friday, July 25th. They now have a $79.00 price target on the stock, up previously from $74.00.
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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