StockNews.com downgraded shares of Columbia Sportswear (NASDAQ:COLM – Free Report) from a buy rating to a hold rating in a research note issued to investors on Monday morning.
Other analysts have also issued reports about the stock. Stifel Nicolaus raised shares of Columbia Sportswear from a hold rating to a buy rating and upped their price objective for the stock from $84.00 to $92.00 in a research note on Monday, July 8th. Wedbush reaffirmed a neutral rating and issued a $80.00 price objective on shares of Columbia Sportswear in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $78.20.
Check Out Our Latest Analysis on Columbia Sportswear
Columbia Sportswear Trading Up 3.4 %
Shares of COLM opened at $78.99 on Monday. The firm has a market capitalization of $4.67 billion, a P/E ratio of 19.27, a P/E/G ratio of 3.16 and a beta of 0.94. Columbia Sportswear has a 12-month low of $66.01 and a 12-month high of $87.23. The firm has a fifty day moving average price of $80.93 and a 200-day moving average price of $80.02.
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last issued its earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.14. The firm had revenue of $570.20 million during the quarter, compared to analyst estimates of $569.37 million. Columbia Sportswear had a net margin of 6.72% and a return on equity of 13.01%. The business’s revenue was down 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 earnings per share. Analysts predict that Columbia Sportswear will post 3.85 earnings per share for the current year.
Columbia Sportswear Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be issued a $0.30 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.52%. Columbia Sportswear’s dividend payout ratio is presently 29.27%.
Insiders Place Their Bets
In other Columbia Sportswear news, Director Sabrina Simmons sold 523 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total value of $42,729.10. Following the completion of the transaction, the director now directly owns 6,483 shares in the company, valued at $529,661.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 44.70% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Columbia Sportswear
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Columbia Sportswear by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock valued at $257,373,000 after acquiring an additional 21,104 shares in the last quarter. Boston Trust Walden Corp boosted its position in Columbia Sportswear by 1.1% in the 2nd quarter. Boston Trust Walden Corp now owns 1,304,761 shares of the textile maker’s stock worth $103,180,000 after purchasing an additional 13,636 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Columbia Sportswear by 10.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,128,258 shares of the textile maker’s stock worth $89,745,000 after purchasing an additional 104,100 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Columbia Sportswear by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 515,735 shares of the textile maker’s stock worth $41,022,000 after purchasing an additional 18,001 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Columbia Sportswear by 28.3% in the 4th quarter. First Trust Advisors LP now owns 476,608 shares of the textile maker’s stock worth $37,909,000 after purchasing an additional 105,193 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.
Columbia Sportswear Company Profile
(Get Free Report)
Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday 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 for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.
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