Columbia Sportswear Co. (COLM) Shares Up 3.1%
Columbia Sportswear Co. (NASDAQ:COLM) shares shot up 3.1% during trading on Tuesday . The company traded as high as $56.95 and last traded at $56.46, with a volume of 360,625 shares trading hands. The stock had previously closed at $54.74.
A number of research firms have recently commented on COLM. Canaccord Genuity raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and upped their price objective for the company from $59.00 to $72.00 in a research note on Tuesday. B. Riley reaffirmed a “neutral” rating and set a $64.00 price objective on shares of Columbia Sportswear in a research note on Monday, August 1st. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Columbia Sportswear in a research note on Sunday, August 7th. Zacks Investment Research raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Monday, July 4th. Finally, Brean Capital reaffirmed a “hold” rating on shares of Columbia Sportswear in a research note on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. Columbia Sportswear presently has an average rating of “Buy” and an average target price of $62.20.
The company has a market capitalization of $3.94 billion, a PE ratio of 22.52 and a beta of 0.97. The firm has a 50-day moving average price of $55.60 and a 200-day moving average price of $57.67.
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Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.12) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.05. Columbia Sportswear had a return on equity of 12.14% and a net margin of 7.48%. The business earned $388.70 million during the quarter, compared to analyst estimates of $392.02 million. During the same quarter last year, the company posted ($0.09) EPS. Columbia Sportswear’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities analysts forecast that Columbia Sportswear Co. will post $2.67 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 18th were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.20%. Columbia Sportswear’s dividend payout ratio (DPR) is 27.09%.
Several institutional investors have recently added to or reduced their stakes in COLM. Public Employees Retirement System of Ohio raised its position in Columbia Sportswear by 30.0% in the second quarter. Public Employees Retirement System of Ohio now owns 60,117 shares of the company’s stock worth $3,459,000 after buying an additional 13,885 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Columbia Sportswear by 2.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 166,741 shares of the company’s stock valued at $9,595,000 after buying an additional 4,165 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Columbia Sportswear by 7.4% in the second quarter. Stifel Financial Corp now owns 4,773 shares of the company’s stock valued at $275,000 after buying an additional 327 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Columbia Sportswear by 12.7% in the second quarter. Legal & General Group Plc now owns 6,609 shares of the company’s stock valued at $376,000 after buying an additional 743 shares in the last quarter. Finally, Fiera Capital Corp acquired a new stake in shares of Columbia Sportswear during the second quarter valued at about $6,262,000. Institutional investors and hedge funds own 36.72% of the company’s stock.
Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada.
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