Columbia Sportswear Company Receives Consensus Rating of “Hold” from Analysts (NASDAQ:COLM)
Columbia Sportswear Company (NASDAQ:COLM) has earned an average rating of “Hold” from the twelve analysts that are presently covering the stock, ARN reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $78.88.
A number of analysts have recently weighed in on COLM shares. 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.
Shares of Columbia Sportswear Company (NASDAQ:COLM) opened at 74.27 on Wednesday. Columbia Sportswear Company has a 52-week low of $55.58 and a 52-week high of $89.96. The stock’s 50-day moving average is $79.1 and its 200-day moving average is $81.44. The company has a market cap of $2.603 billion and a price-to-earnings ratio of 24.62. Columbia Sportswear Company shares are set to split on the morning of Monday, September 29th. The 2-1 split was announced on Thursday, July 24th. The newly created shares will be issued to shareholders after the market closes on Friday, September 26th.
Columbia Sportswear Company (NASDAQ:COLM) last announced its earnings results on Thursday, July 24th. The company reported ($0.34) earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted ($0.21) earnings per share. Columbia Sportswear Company’s revenue was up 15.6% compared to the same quarter last year. Analysts expect that Columbia Sportswear Company will post $3.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 28th. Investors 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 1.51%. The ex-dividend date is Tuesday, August 12th.
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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