Columbia Sportswear Company (NASDAQ:COLM) had its target price raised by Wedbush from $69.00 to $72.00 in a research report released on Tuesday morning. The brokerage currently has an outperform rating on the stock.
Several other research analysts have also recently issued reports on COLM. B. Riley reaffirmed a neutral rating and set a $61.00 target price on shares of Columbia Sportswear Company in a research report on Tuesday, February 7th. FBR & Co reaffirmed an outperform rating and set a $68.00 target price on shares of Columbia Sportswear Company in a research report on Friday, February 10th. Zacks Investment Research raised Columbia Sportswear Company from a sell rating to a hold rating in a research report on Wednesday, December 14th. Stifel Nicolaus cut Columbia Sportswear Company from a buy rating to a hold rating and cut their target price for the company from $68.00 to $60.00 in a research report on Monday, January 30th. Finally, Canaccord Genuity set a $70.00 target price on Columbia Sportswear Company and gave the company a buy rating in a research report on Friday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $65.25.
Columbia Sportswear Company (NASDAQ:COLM) opened at 57.86 on Tuesday. The firm has a 50-day moving average price of $56.04 and a 200-day moving average price of $57.16. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 21.27 and a beta of 0.78. Columbia Sportswear Company has a one year low of $51.70 and a one year high of $63.55.
Columbia Sportswear Company (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, February 9th. The company reported $1.20 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.10. Columbia Sportswear Company had a return on equity of 12.77% and a net margin of 8.07%. The firm earned $717.40 million during the quarter, compared to analysts’ expectations of $758.88 million. During the same quarter last year, the firm posted $0.90 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts expect that Columbia Sportswear Company will post $2.80 EPS for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 22nd. Investors of record on Thursday, March 9th were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, March 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.24%. Columbia Sportswear Company’s dividend payout ratio (DPR) is currently 26.57%.
In other Columbia Sportswear Company news, COO Bryan Timm sold 4,012 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $57.73, for a total value of $231,612.76. Following the sale, the chief operating officer now directly owns 83,649 shares in the company, valued at $4,829,056.77. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Edward S. George sold 2,228 shares of the business’s stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $57.58, for a total value of $128,288.24. Following the completion of the sale, the director now owns 4,228 shares in the company, valued at $243,448.24. The disclosure for this sale can be found here. Insiders have sold 166,736 shares of company stock worth $9,614,962 over the last quarter. 62.12% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the stock. Deprince Race & Zollo Inc. purchased a new stake in shares of Columbia Sportswear Company during the third quarter valued at $29,811,000. Calamos Advisors LLC purchased a new stake in shares of Columbia Sportswear Company during the fourth quarter valued at $23,518,000. Westwood Holdings Group Inc. increased its stake in shares of Columbia Sportswear Company by 229.2% in the fourth quarter. Westwood Holdings Group Inc. now owns 526,960 shares of the company’s stock valued at $30,722,000 after buying an additional 366,872 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of Columbia Sportswear Company by 32.6% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 936,354 shares of the company’s stock valued at $54,589,000 after buying an additional 230,403 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Columbia Sportswear Company during the fourth quarter valued at $13,280,000. Hedge funds and other institutional investors own 38.11% of the company’s stock.
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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