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Columbia Sportswear (NASDAQ: COLM) released its quarterly results Thursday. The textile maker reported earnings per share (EPS) of $ 1.52 for the quarter, beating the Thomson Reuters consensus estimate of $ 1.31 by $ 0.21, MarketWatch Earnings reports. The company posted revenue of $ 804.70 million in the quarter, compared to analysts’ estimates of $ 862.03 million. Columbia Sportswear had a net margin of 9.08% and a return on equity of 14.00%. Columbia Sportswear’s quarterly revenue increased 14.8% from the same quarter last year. During the same period last year, the company achieved EPS of $ 0.94.
NASDAQ COLM shares traded up $ 1.63 in Friday’s session, reaching $ 103.84. 613,776 shares of the company traded hands, compared to its average volume of 355,148. The company has a 50-day simple moving average of $ 99.70 and a 200-day simple moving average of $ 101.91. The stock has a market cap of $ 6.85 billion, a PE ratio of 27.11, a P / E / G ratio of 0.66, and a beta of 0.87. Columbia Sportswear has a 52-week low of $ 73.11 and a 52-week high of $ 114.98.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 2. Shareholders of record on Thursday, November 18 will receive a dividend of $ 0.26 per share. This represents a dividend of $ 1.04 on an annualized basis and a dividend yield of 1.00%. Columbia Sportswear’s payout rate is currently 64.20%.
Separately, Executive Vice President Lisa Kulok sold 525 shares of the company in a transaction dated Tuesday, August 31. The shares were sold at an average price of $ 103.13, for a total trade of $ 54,143.25. The sale was disclosed in a file with the SEC, accessible through this hyperlink. Company insiders own 40.33% of the company’s shares.
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A hedge fund recently increased its stake in Columbia Sportswear stock. Morgan Stanley increased its holdings in Columbia Sportswear (NASDAQ: COLM) by 106.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund held 130,478 shares of the textile maker after buying an additional 67,154 shares in the quarter. Morgan Stanley owned 0.20% of Columbia Sportswear for a value of $ 12,834,000 at the end of the most recent reporting period. Institutional investors and hedge funds hold 46.64% of the company’s shares.
COLM has been the subject of several research reports. Bank of America downgraded Columbia Sportswear shares from a “buy” rating to a “neutral” rating and lowered its price target for the stock from $ 137.00 to $ 108.00 in a note of looking for Tuesday, October 5. Pivotal Research reissued a “hold†note and set a price target of $ 116.00 on Columbia Sportswear shares in a research report released on Wednesday, July 28. Finally, Zacks Investment Research downgraded Columbia Sportswear’s stock rating from a “buy†rating to a “hold†rating and set a price target of $ 104.00 for the stock. in a research report on Tuesday, October 5. Four analysts gave the stock a conservation rating and two gave the company a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $ 117.60.
About Columbia Sportswear
Columbia Sportswear Co is engaged in the design, supply, marketing and distribution of outdoor and active lifestyle apparel, footwear, accessories and equipment. It operates through the following geographic segments: the United States; Latin America and Asia-Pacific; Europe, Middle East and Africa; and Canadian.
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