KeyCorp Begins Coverage on Columbia Sportswear Co. (COLM)
Stock analysts at KeyCorp initiated coverage on shares of Columbia Sportswear Co. (NASDAQ:COLM) in a research report issued to clients and investors on Thursday. The firm set a “sector weight” rating on the stock.
COLM has been the subject of several other research reports. Brean Capital reiterated a “hold” rating on shares of Columbia Sportswear in a research report on Monday, July 18th. Credit Suisse Group AG reiterated a “hold” rating on shares of Columbia Sportswear in a research report on Sunday, August 7th. B. Riley reiterated a “neutral” rating and issued a $64.00 price objective on shares of Columbia Sportswear in a research report on Monday, August 1st. Canaccord Genuity reiterated a “hold” rating and issued 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 price objective for the company in a research report on Monday, July 4th. 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 stock. The company currently has an average rating of “Buy” and a consensus price target of $62.20.
Columbia Sportswear (NASDAQ:COLM) opened at 57.57 on Thursday. Columbia Sportswear has a one year low of $43.56 and a one year high of $66.00. The company has a 50 day moving average price of $55.67 and a 200-day moving average price of $57.64. The company has a market capitalization of $4.02 billion, a PE ratio of 22.95 and a beta of 0.97.
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Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, July 28th. The company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.05. The company earned $388.70 million during the quarter, compared to the consensus estimate of $392.02 million. Columbia Sportswear had a return on equity of 12.14% and a net margin of 7.48%. Columbia Sportswear’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.09) EPS. Analysts expect that Columbia Sportswear will post $2.67 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th were paid 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 1.18%. Columbia Sportswear’s dividend payout ratio is currently 27.09%.
Several large investors have recently added to or reduced their stakes in COLM. BlackRock Inc. boosted its stake in Columbia Sportswear by 2.5% in the second quarter. BlackRock Inc. now owns 2,042 shares of the company’s stock worth $117,000 after buying an additional 50 shares in the last quarter. Advisor Group Inc. bought a new stake in Columbia Sportswear during the second quarter worth approximately $172,000. Pacer Advisors Inc. bought a new stake in Columbia Sportswear during the second quarter worth approximately $178,000. BlueMountain Capital Management LLC bought a new stake in Columbia Sportswear during the second quarter worth approximately $201,000. Finally, Intrust Bank NA bought a new stake in Columbia Sportswear during the second quarter worth approximately $222,000. 36.55% of the stock is currently owned by hedge funds and other institutional investors.
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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