Columbia Sportswear Co. (NASDAQ:COLM) has earned an average rating of “Hold” from the eighteen research firms that are covering the company. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $61.50.
COLM has been the subject of a number of recent analyst reports. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Columbia Sportswear in a research report on Sunday, August 7th. Canaccord Genuity reaffirmed a “hold” rating and set a $59.00 price target on shares of Columbia Sportswear in a research report on Sunday, September 11th. FBR & Co upped their price target on Columbia Sportswear from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. DA Davidson reaffirmed a “buy” rating and set a $72.00 price target on shares of Columbia Sportswear in a research report on Monday, July 18th. Finally, Zacks Investment Research raised Columbia Sportswear from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Monday, July 4th.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Columbia Sportswear by 15.8% in the first quarter. BlackRock Inc. now owns 1,992 shares of the company’s stock valued at $119,000 after buying an additional 272 shares in the last quarter. Advisor Group Inc. acquired a new stake in shares of Columbia Sportswear during the second quarter valued at approximately $172,000. Pacer Advisors Inc. acquired a new stake in shares of Columbia Sportswear during the second quarter valued at approximately $178,000. BlueMountain Capital Management LLC acquired a new stake in shares of Columbia Sportswear during the second quarter valued at approximately $201,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Columbia Sportswear during the first quarter valued at approximately $226,000. Institutional investors and hedge funds own 36.72% of the company’s stock.
Shares of Columbia Sportswear (NASDAQ:COLM) traded up 1.36% on Monday, hitting $54.50. The company had a trading volume of 97,023 shares. The stock has a market capitalization of $3.80 billion, a PE ratio of 21.73 and a beta of 0.97. The firm’s 50 day moving average price is $56.17 and its 200-day moving average price is $57.83. Columbia Sportswear has a 52 week low of $43.56 and a 52 week high of $66.71.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates 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%. Columbia Sportswear’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.09) EPS. Analysts forecast that Columbia Sportswear will post $2.67 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $0.68 annualized dividend and a yield of 1.25%. Columbia Sportswear’s dividend payout ratio is 27.09%.
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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