BidaskClub lowered shares of Columbia Sportswear (NASDAQ:COLM) from a buy rating to a hold rating in a report published on Friday morning.
Other analysts also recently issued research reports about the company. Buckingham Research lifted their price target on Columbia Sportswear from $85.00 to $88.00 and gave the company a neutral rating in a research report on Friday, October 26th. Wedbush lifted their price target on Columbia Sportswear from $102.00 to $103.00 and gave the company an outperform rating in a research report on Wednesday, October 3rd. Pivotal Research lifted their price target on Columbia Sportswear from $94.00 to $97.00 in a research report on Monday, October 29th. Macquarie set a $106.00 price target on Columbia Sportswear and gave the company a hold rating in a research report on Friday, October 26th. Finally, Canaccord Genuity lifted their price target on Columbia Sportswear from $89.00 to $93.00 and gave the company a hold rating in a research report on Friday, October 26th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $94.40.
Shares of COLM opened at $82.55 on Friday. The stock has a market cap of $5.80 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 1.90 and a beta of 0.72. Columbia Sportswear has a 12-month low of $70.36 and a 12-month high of $95.74.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, October 25th. The textile maker reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.14. The firm had revenue of $795.80 million during the quarter, compared to the consensus estimate of $791.25 million. Columbia Sportswear had a return on equity of 15.43% and a net margin of 5.56%. On average, sell-side analysts forecast that Columbia Sportswear will post 3.61 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 15th will be given a $0.24 dividend. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, November 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. Columbia Sportswear’s payout ratio is presently 32.21%.
In related news, Director Sarah Bany sold 19,946 shares of the business’s stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $88.91, for a total value of $1,773,398.86. Following the completion of the sale, the director now owns 11,610 shares in the company, valued at approximately $1,032,245.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andy D. Bryant sold 13,274 shares of the business’s stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $91.75, for a total value of $1,217,889.50. Following the completion of the sale, the director now owns 42,060 shares of the company’s stock, valued at approximately $3,859,005. The disclosure for this sale can be found here. Insiders own 56.68% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Commonwealth Bank of Australia bought a new stake in Columbia Sportswear in the 3rd quarter worth approximately $111,000. Point72 Asset Management L.P. bought a new stake in Columbia Sportswear in the second quarter valued at approximately $119,000. Tower Research Capital LLC TRC lifted its position in Columbia Sportswear by 268.3% in the third quarter. Tower Research Capital LLC TRC now owns 1,536 shares of the textile maker’s stock valued at $143,000 after purchasing an additional 1,119 shares during the last quarter. CENTRAL TRUST Co bought a new stake in Columbia Sportswear in the fourth quarter valued at approximately $145,000. Finally, First Hawaiian Bank lifted its position in Columbia Sportswear by 609.7% in the fourth quarter. First Hawaiian Bank now owns 3,137 shares of the textile maker’s stock valued at $264,000 after purchasing an additional 2,695 shares during the last quarter. Institutional investors own 36.86% of the company’s stock.
Columbia Sportswear Company Profile
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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