Columbia Sportswear (NASDAQ:COLM – Get Rating) received a consensus recommendation of “Hold” from the eleven research companies that currently cover the company, MarketBeat.com reports. One equity research analyst rated the stock with a sell recommendation, four issued a hold recommendation and four issued a buy recommendation on the company. The 1-year average price target among analysts who have rated the stock in the past year is $104.57.
Several research companies have recently published reports on COLM. Bank of America downgraded shares of Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its price target for the stock from $108.00 to $80.00 in a report of search Friday. CL King raised Columbia Sportswear to a “buy” rating and set a target price of $117.00 on the stock in a Friday, February 4, report. Zacks Investment Research downgraded Columbia Sportswear from a “buy” rating to a “hold” rating and set a price target of $92.00 for the company. in a report on Tuesday, April 12. Robert W. Baird lowered his price target on shares of Columbia Sportswear from $110.00 to $100.00 in a research note on Friday. Finally, Wolfe Research downgraded shares of Columbia Sportswear to a “neutral” rating in a research note on Tuesday, January 4.
A number of hedge funds have recently changed their positions in COLM. Atlanta Capital Management Co. LLC increased its stake in Columbia Sportswear by 3.5% during the fourth quarter. Atlanta Capital Management Co. LLC now owns 3,104,900 shares of the textile maker valued at $302,541,000 after buying an additional 104,451 shares last quarter. JPMorgan Chase & Co. increased its stake in Columbia Sportswear by 36.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,374,952 shares of the textile maker worth $133,975,000 after buying an additional 366,034 shares in the last quarter. Invesco Ltd. increased its holdings of Columbia Sportswear by 2.2% in the third quarter. Invesco Ltd. now owns 1,362,159 shares of the textile maker worth $130,550,000 after purchasing an additional 29,946 shares during the period. Boston Trust Walden Corp increased its stake in Columbia Sportswear by 64.9% during the first quarter. Boston Trust Walden Corp now owns 965,434 shares of the textile maker valued at $87,401,000 after buying an additional 380,140 shares in the last quarter. Finally, State Street Corp increased its equity stake in Columbia Sportswear by 2.7% during the fourth quarter. State Street Corp now owns 930,428 shares of the textile maker worth $90,661,000 after purchasing an additional 24,224 shares during the period. 53.95% of the shares are held by institutional investors.
Columbia Sportswear stock traded at $5.41 during Friday’s trading, hitting $82.85. The company had a trading volume of 20,981 shares, compared to an average volume of 416,500. Columbia Sportswear has a 12-month low of $83.61 and a 12-month high of $114.98. The stock’s 50-day moving average price is $89.97 and its two-hundred-day moving average price is $94.93. The company has a market capitalization of $5.22 billion, a price/earnings ratio of 15.52, a PEG ratio of 1.72 and a beta of 0.90.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its quarterly earnings data on Thursday, February 3. The textile maker reported earnings per share (EPS) of $2.39 for the quarter, beating the consensus estimate of $1.78 by $0.61. Columbia Sportswear had a net margin of 11.33% and a return on equity of 18.64%. The company posted revenue of $1.13 billion in the quarter, versus a consensus estimate of $1.06 billion. In the same period a year earlier, the company earned earnings per share of $1.44. Stock analysts expect Columbia Sportswear to post earnings per share of 5.76 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 2. Shareholders of record on Thursday, May 19 will receive a dividend of $0.30 per share. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 1.45%. Columbia Sportswear’s payout ratio is currently 22.39%.
Columbia Sportswear Company Profile (Get an evaluation)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia- Pacific, Europe, Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.
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