Columbia Sportswear Company (COLM) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Columbia Sportswear Company (NASDAQ:COLM) have been assigned an average rating of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $62.70.
A number of equities research analysts have recently commented on COLM shares. Zacks Investment Research lowered Columbia Sportswear from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. B. Riley reaffirmed a “neutral” rating and set a $61.00 price target on shares of Columbia Sportswear in a research report on Tuesday, April 25th. Canaccord Genuity lowered Columbia Sportswear from a “buy” rating to a “hold” rating and dropped their price target for the stock from $64.00 to $60.00 in a research report on Friday, April 28th. Forward View lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Saturday, May 13th. Finally, Goldman Sachs Group, Inc. (The) lowered Columbia Sportswear from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, May 23rd.
In related news, Director Edward S. George sold 1,776 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $53.59, for a total transaction of $95,175.84. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $107,180. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 58.86% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. increased its position in Columbia Sportswear by 440.7% in the fourth quarter. Macquarie Group Ltd. now owns 31,900 shares of the textile maker’s stock worth $1,860,000 after buying an additional 26,000 shares during the last quarter. Creative Planning increased its position in Columbia Sportswear by 0.6% in the first quarter. Creative Planning now owns 2,754 shares of the textile maker’s stock worth $162,000 after buying an additional 17 shares during the last quarter. Vanguard Group Inc. increased its position in Columbia Sportswear 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 last quarter. Gotham Asset Management LLC purchased a new position in Columbia Sportswear during the first quarter worth about $5,195,000. Finally, JPMorgan Chase & Co. increased its position in Columbia Sportswear by 10.7% in the first quarter. JPMorgan Chase & Co. now owns 1,509,656 shares of the textile maker’s stock worth $88,693,000 after buying an additional 145,729 shares during the last quarter. Institutional investors and hedge funds own 39.20% of the company’s stock.
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Shares of Columbia Sportswear (NASDAQ COLM) traded up 0.57% on Tuesday, hitting $59.81. 48,925 shares of the stock traded hands. The firm has a market cap of $4.17 billion, a P/E ratio of 21.80 and a beta of 0.80. Columbia Sportswear has a 12-month low of $51.56 and a 12-month high of $63.55. The firm’s 50-day moving average is $57.17 and its 200 day moving average is $56.53.
Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, July 27th. The textile maker reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.03. Columbia Sportswear had a return on equity of 12.31% and a net margin of 8.01%. The firm had revenue of $398.90 million for the quarter, compared to analyst estimates of $394.53 million. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts forecast that Columbia Sportswear will post $2.79 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, August 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.21%. Columbia Sportswear’s payout ratio is presently 26.47%.
About Columbia Sportswear
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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