Columbia Sportswear Company Raised to “Buy” at Bank of America (COLM)
Shares of Columbia Sportswear Company (NASDAQ:COLM) opened at 75.33 on Monday. 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 $79.1 and a 200-day moving average of $81.44. The company has a market cap of $2.640 billion and a price-to-earnings ratio of 24.31. Columbia Sportswear Company shares are set 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) EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted ($0.21) earnings per share. The company’s quarterly revenue 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 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 1.51%. The ex-dividend date is Tuesday, August 12th.
A number of other firms have also 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. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Columbia Sportswear Company presently has an average rating of “Hold” and an average price target of $81.86.
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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