Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Columbia Sportswear from a hold rating to a buy rating and set a $94.00 target price on the stock in a research report on Friday, January 18th. Guggenheim restated a buy rating and issued a $120.00 target price on shares of Columbia Sportswear in a research note on Thursday, February 7th. BidaskClub upgraded shares of Columbia Sportswear from a hold rating to a buy rating in a research note on Thursday, February 7th. Pivotal Research restated a buy rating and issued a $112.00 target price (up previously from $107.00) on shares of Columbia Sportswear in a research note on Tuesday, February 5th. Finally, DA Davidson boosted their target price on shares of Columbia Sportswear to $116.00 and gave the company a buy rating in a research note on Friday, February 8th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $107.13.
Shares of Columbia Sportswear stock opened at $104.24 on Tuesday. Columbia Sportswear has a 1-year low of $78.82 and a 1-year high of $109.74. The firm has a market capitalization of $7.05 billion, a PE ratio of 26.00, a PEG ratio of 2.14 and a beta of 0.68.
Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, February 7th. The textile maker reported $1.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.41. Columbia Sportswear had a net margin of 9.57% and a return on equity of 16.79%. The business had revenue of $917.60 million for the quarter, compared to analyst estimates of $859.06 million. During the same quarter in the previous year, the firm posted $1.31 earnings per share. Columbia Sportswear’s revenue was up 18.2% compared to the same quarter last year. Research analysts anticipate that Columbia Sportswear will post 4.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Thursday, March 7th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.96 annualized dividend and a yield of 0.92%. Columbia Sportswear’s dividend payout ratio (DPR) is 23.94%.
In other Columbia Sportswear news, COO Thomas B. Cusick sold 6,000 shares of the company’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $102.80, for a total transaction of $616,800.00. Following the transaction, the chief operating officer now directly owns 38,598 shares in the company, valued at approximately $3,967,874.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Peter J. Bragdon sold 10,824 shares of the company’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $102.80, for a total transaction of $1,112,707.20. Following the transaction, the chief accounting officer now owns 28,955 shares in the company, valued at $2,976,574. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,535 shares of company stock worth $8,929,236. 56.68% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Murphy Pohlad Asset Management LLC bought a new stake in shares of Columbia Sportswear in the 4th quarter valued at about $42,000. Tower Research Capital LLC TRC increased its stake in Columbia Sportswear by 268.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,536 shares of the textile maker’s stock worth $143,000 after purchasing an additional 1,119 shares in the last quarter. CENTRAL TRUST Co bought a new stake in Columbia Sportswear during the 4th quarter worth approximately $145,000. Benjamin F. Edwards & Company Inc. bought a new stake in Columbia Sportswear during the 4th quarter worth approximately $176,000. Finally, NINE MASTS CAPITAL Ltd bought a new stake in Columbia Sportswear during the 4th quarter worth approximately $185,000. Institutional investors own 38.01% 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 and 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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