Columbia Sportswear Co. (COLM) Receives “Hold” Rating from Brean Capital
Columbia Sportswear Co. (NASDAQ:COLM)‘s stock had its “hold” rating reissued by investment analysts at Brean Capital in a research note issued on Thursday.
COLM has been the subject of several other research reports. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Columbia Sportswear in a report on Sunday, August 7th. KeyCorp assumed coverage on Columbia Sportswear in a report on Thursday. They issued a “sector weight” rating for the company. B. Riley reaffirmed a “neutral” rating and issued a $64.00 price objective on shares of Columbia Sportswear in a report on Monday, August 1st. Canaccord Genuity reaffirmed a “hold” rating and issued a $59.00 price objective on shares of Columbia Sportswear in a report on Sunday, September 11th. Finally, Zacks Investment Research raised Columbia Sportswear from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Monday, July 4th. One investment analyst has rated the stock with a sell rating, six have issued 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 an average price target of $62.20.
Shares of Columbia Sportswear (NASDAQ:COLM) traded up 0.30% on Thursday, hitting $57.74. The stock had a trading volume of 59,695 shares. Columbia Sportswear has a 12 month low of $43.56 and a 12 month high of $66.00. The stock has a market cap of $4.03 billion, a PE ratio of 23.02 and a beta of 0.97. The stock has a 50 day moving average of $55.67 and a 200-day moving average of $57.64.
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Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, July 28th. The company reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.05. The business earned $388.70 million during the quarter, compared to analyst estimates of $392.02 million. Columbia Sportswear had a return on equity of 12.14% and a net margin of 7.48%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.09) EPS. Equities research analysts anticipate that Columbia Sportswear will post $2.67 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th were given a $0.17 dividend. The ex-dividend date was Tuesday, August 16th. This represents a $0.68 annualized dividend and a dividend yield of 1.18%. Columbia Sportswear’s payout ratio is 27.09%.
Institutional investors have recently made changes to their positions in the stock. Atlanta Capital Management Co. L L C increased its stake in Columbia Sportswear by 21.9% in the second quarter. Atlanta Capital Management Co. L L C now owns 3,314,878 shares of the company’s stock worth $190,738,000 after buying an additional 594,627 shares in the last quarter. Vanguard Group Inc. increased its stake in Columbia Sportswear by 2.7% in the second quarter. Vanguard Group Inc. now owns 2,000,962 shares of the company’s stock worth $115,135,000 after buying an additional 51,776 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Columbia Sportswear by 127.6% in the first quarter. JPMorgan Chase & Co. now owns 1,214,448 shares of the company’s stock worth $72,976,000 after buying an additional 680,868 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Columbia Sportswear by 19.8% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,098,115 shares of the company’s stock worth $63,186,000 after buying an additional 181,853 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its stake in Columbia Sportswear by 24.7% in the second quarter. Silvercrest Asset Management Group LLC now owns 758,396 shares of the company’s stock worth $43,638,000 after buying an additional 150,132 shares in the last quarter. Institutional investors and hedge funds own 36.55% 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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