Columbia Sportswear Company (COLM) Receives Average Rating of “Hold” from Brokerages
Columbia Sportswear Company (NASDAQ:COLM) has been given an average rating of “Hold” by the seventeen research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $63.70.
COLM has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Columbia Sportswear Company from a “sell” rating to a “hold” rating in a research note on Wednesday, March 8th. Wedbush boosted their price target on shares of Columbia Sportswear Company from $69.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, March 21st. B. Riley reaffirmed a “neutral” rating and set a $61.00 price objective on shares of Columbia Sportswear Company in a report on Tuesday, April 25th. Canaccord Genuity downgraded shares of Columbia Sportswear Company from a “buy” rating to a “hold” rating and cut their price objective for the stock from $64.00 to $60.00 in a report on Friday, April 28th. Finally, Forward View downgraded shares of Columbia Sportswear Company from a “buy” rating to a “hold” rating in a report on Saturday, May 13th.
In related news, COO Bryan Timm sold 8,854 shares of the business’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $57.73, for a total value of $511,141.42. Following the transaction, the chief operating officer now directly owns 88,491 shares of the company’s stock, valued at approximately $5,108,585.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas B. Cusick sold 30,000 shares of the business’s stock in a transaction dated Tuesday, March 28th. The stock was sold at an average price of $58.50, for a total transaction of $1,755,000.00. Following the completion of the transaction, the executive vice president now directly owns 47,326 shares in the company, valued at $2,768,571. The disclosure for this sale can be found here. Insiders sold a total of 178,090 shares of company stock worth $10,310,150 over the last three months. 58.86% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Columbia Sportswear Company by 78,608.2% in the first quarter. BlackRock Inc. now owns 1,635,556 shares of the textile maker’s stock worth $96,089,000 after buying an additional 1,633,478 shares during the period. Vanguard Group Inc. increased its position in shares of Columbia Sportswear Company by 31.7% in the first quarter. Vanguard Group Inc. now owns 2,774,168 shares of the textile maker’s stock worth $162,982,000 after buying an additional 667,856 shares during the period. American Century Companies Inc. bought a new position in shares of Columbia Sportswear Company during the first quarter worth $24,494,000. Victory Capital Management Inc. increased its position in shares of Columbia Sportswear Company by 78.4% in the first quarter. Victory Capital Management Inc. now owns 910,295 shares of the textile maker’s stock worth $53,480,000 after buying an additional 400,145 shares during the period. Finally, Westwood Holdings Group Inc. increased its position in shares of Columbia Sportswear Company by 229.2% in the fourth quarter. Westwood Holdings Group Inc. now owns 526,960 shares of the textile maker’s stock worth $30,722,000 after buying an additional 366,872 shares during the period. 39.70% of the stock is currently owned by institutional investors.
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Shares of Columbia Sportswear Company (NASDAQ COLM) traded up 0.67% on Monday, reaching $56.97. 90,569 shares of the company traded hands. The firm has a 50-day moving average price of $55.50 and a 200 day moving average price of $56.79. Columbia Sportswear Company has a one year low of $51.56 and a one year high of $63.55. The company has a market capitalization of $3.97 billion, a PE ratio of 20.49 and a beta of 0.85.
Columbia Sportswear Company (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, April 27th. The textile maker reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.10. The business had revenue of $543.80 million during the quarter, compared to analyst estimates of $533.82 million. Columbia Sportswear Company had a net margin of 8.19% and a return on equity of 12.80%. Columbia Sportswear Company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 EPS. Equities analysts forecast that Columbia Sportswear Company will post $2.80 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Thursday, May 18th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Tuesday, May 16th. Columbia Sportswear Company’s dividend payout ratio (DPR) is currently 25.99%.
About Columbia Sportswear Company
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
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