Several other brokerages also recently commented on COLM. Zacks Investment Research raised Columbia Sportswear from a hold rating to a strong-buy rating and set a $107.00 target price on the stock in a report on Thursday, February 7th. DA Davidson raised Columbia Sportswear from a neutral rating to a buy rating and set a $105.00 target price on the stock in a report on Thursday, November 29th. Pivotal Research reissued a buy rating and issued a $112.00 target price (up from $107.00) on shares of Columbia Sportswear in a report on Tuesday, February 5th. BidaskClub raised Columbia Sportswear from a hold rating to a buy rating in a report on Thursday, February 7th. Finally, Wedbush reissued an outperform rating on shares of Columbia Sportswear in a report on Wednesday, January 16th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Columbia Sportswear has a consensus rating of Buy and a consensus target price of $106.53.
Shares of COLM opened at $106.97 on Friday. The company has a market capitalization of $7.37 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 2.25 and a beta of 0.68. Columbia Sportswear has a one year low of $70.36 and a one year high of $109.74.
Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, February 7th. The textile maker reported $1.68 EPS for the quarter, topping the consensus estimate of $1.27 by $0.41. The business had revenue of $917.60 million for the quarter, compared to the consensus estimate of $859.06 million. Columbia Sportswear had a return on equity of 16.83% and a net margin of 9.57%. Columbia Sportswear’s revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 EPS. Research analysts anticipate that Columbia Sportswear will post 4.36 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Thursday, March 7th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, March 6th. Columbia Sportswear’s dividend payout ratio is 23.94%.
In other Columbia Sportswear news, Director Sarah Bany sold 19,946 shares of the company’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $88.91, for a total transaction of $1,773,398.86. Following the transaction, the director now owns 11,610 shares of the company’s stock, valued at approximately $1,032,245.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 56.68% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. Handelsbanken Fonder AB acquired a new position in shares of Columbia Sportswear in the 3rd quarter valued at $2,792,000. American Century Companies Inc. lifted its stake in shares of Columbia Sportswear by 2.6% in the 3rd quarter. American Century Companies Inc. now owns 78,965 shares of the textile maker’s stock valued at $7,349,000 after purchasing an additional 2,000 shares during the period. Alpha Windward LLC acquired a new position in shares of Columbia Sportswear in the 4th quarter valued at $459,000. Vanguard Group Inc. lifted its stake in shares of Columbia Sportswear by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,275,641 shares of the textile maker’s stock valued at $304,864,000 after purchasing an additional 100,703 shares during the period. Finally, FMR LLC lifted its stake in shares of Columbia Sportswear by 0.5% in the 3rd quarter. FMR LLC now owns 293,354 shares of the textile maker’s stock valued at $27,302,000 after purchasing an additional 1,374 shares during the period. 37.21% of the stock is currently owned by hedge funds and other institutional investors.
About Columbia Sportswear
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.
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