Brean Capital Reiterates Hold Rating for Columbia Sportswear Co. (COLM)
Columbia Sportswear Co. (NASDAQ:COLM)‘s stock had its “hold” rating restated by equities researchers at Brean Capital in a research note issued to investors on Thursday.
COLM has been the subject of a number of other research reports. Credit Suisse Group AG reissued a “hold” rating on shares of Columbia Sportswear in a research report on Sunday, August 7th. KeyCorp began coverage on Columbia Sportswear in a research report on Thursday. They set a “sector weight” rating for the company. B. Riley reissued a “neutral” rating and set a $64.00 price objective on shares of Columbia Sportswear in a research report on Monday, August 1st. Canaccord Genuity reissued a “hold” rating and set a $59.00 price objective on shares of Columbia Sportswear in a research report on Sunday, September 11th. Finally, Zacks Investment Research upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Monday, July 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $62.20.
Shares of Columbia Sportswear (NASDAQ:COLM) traded up 0.686% on Thursday, reaching $57.965. The company had a trading volume of 51,004 shares. The firm has a market capitalization of $4.04 billion, a PE ratio of 23.112 and a beta of 0.97. The company has a 50-day moving average price of $55.67 and a 200-day moving average price of $57.64. Columbia Sportswear has a 52-week low of $43.56 and a 52-week high of $66.00.
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Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The firm earned $388.70 million during the quarter, compared to analysts’ expectations of $392.02 million. Columbia Sportswear had a return on equity of 12.14% and a net margin of 7.48%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.09) earnings per share. Equities research analysts forecast that Columbia Sportswear will post $2.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 18th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Tuesday, August 16th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 27.09%.
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Columbia Sportswear by 15.8% in the first quarter. BlackRock Inc. now owns 1,992 shares of the company’s stock worth $119,000 after buying an additional 272 shares during the period. Advisor Group Inc. purchased a new stake in Columbia Sportswear during the second quarter worth $172,000. Pacer Advisors Inc. purchased a new stake in Columbia Sportswear during the second quarter worth $178,000. BlueMountain Capital Management LLC purchased a new stake in Columbia Sportswear during the second quarter worth $201,000. Finally, Meeder Asset Management Inc. purchased a new stake in Columbia Sportswear during the first quarter worth $226,000. 36.55% of the stock is currently owned by institutional investors and hedge funds.
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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