Columbia Sportswear (COLM) Given a $77.00 Price Target by DA Davidson Analysts
A number of other brokerages have also commented on COLM. B. Riley reiterated a buy rating on shares of Columbia Sportswear in a research note on Wednesday, November 1st. Canaccord Genuity set a $60.00 price target on shares of Columbia Sportswear and gave the company a hold rating in a research note on Friday, October 27th. Citigroup upped their price target on shares of Columbia Sportswear from $68.00 to $73.00 and gave the company a buy rating in a research note on Friday, October 27th. Stifel Nicolaus upped their price target on shares of Columbia Sportswear from $60.00 to $62.00 and gave the company a hold rating in a research note on Friday, October 27th. Finally, Pivotal Research reiterated a buy rating and issued a $74.00 price target (up previously from $72.00) on shares of Columbia Sportswear in a research note on Friday, October 27th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Columbia Sportswear currently has an average rating of Buy and a consensus price target of $65.31.
Columbia Sportswear (NASDAQ:COLM) traded down $0.45 during trading on Tuesday, hitting $69.13. 228,290 shares of the stock traded hands, compared to its average volume of 197,584. The firm has a market cap of $4,830.00, a price-to-earnings ratio of 24.94, a PEG ratio of 2.65 and a beta of 0.89. Columbia Sportswear has a one year low of $51.56 and a one year high of $71.65.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.10. The company had revenue of $747.37 million for the quarter, compared to analyst estimates of $735.67 million. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. Columbia Sportswear’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 EPS. equities research analysts predict that Columbia Sportswear will post 2.71 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were issued a $0.19 dividend. The ex-dividend date was Wednesday, November 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.10%. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.18. Columbia Sportswear’s payout ratio is currently 27.24%.
In other Columbia Sportswear news, Director Malia H. Wasson sold 900 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $61.68, for a total value of $55,512.00. Following the completion of the sale, the director now owns 1,089 shares of the company’s stock, valued at approximately $67,169.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Walter Klenz sold 11,608 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $66.05, for a total transaction of $766,708.40. Following the sale, the director now directly owns 21,619 shares of the company’s stock, valued at approximately $1,427,934.95. The disclosure for this sale can be found here. Insiders own 58.86% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC lifted its holdings in shares of Columbia Sportswear by 15.7% during the 3rd quarter. Sterling Capital Management LLC now owns 11,922 shares of the textile maker’s stock worth $734,000 after acquiring an additional 1,621 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Columbia Sportswear by 1.3% during the 3rd quarter. California Public Employees Retirement System now owns 71,700 shares of the textile maker’s stock worth $4,415,000 after acquiring an additional 900 shares during the period. Invictus RG bought a new stake in shares of Columbia Sportswear during the 3rd quarter worth approximately $207,000. OxFORD Asset Management LLP lifted its holdings in shares of Columbia Sportswear by 38.3% during the 3rd quarter. OxFORD Asset Management LLP now owns 9,462 shares of the textile maker’s stock worth $575,000 after acquiring an additional 2,621 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Columbia Sportswear by 21.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 247,843 shares of the textile maker’s stock worth $15,263,000 after acquiring an additional 43,329 shares during the period. 39.13% of the stock is owned by institutional investors.
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Columbia Sportswear Company Profile
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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