Columbia Sportswear (NASDAQ:COLM) hit a new 52-week high and low during mid-day trading on Tuesday . The stock traded as low as $88.86 and last traded at $88.27, with a volume of 4020 shares traded. The stock had previously closed at $87.29.
Several brokerages have issued reports on COLM. BidaskClub upgraded Columbia Sportswear from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 22nd. Canaccord Genuity set a $81.00 price target on Columbia Sportswear and gave the stock a “hold” rating in a report on Friday, April 27th. Wedbush increased their price target on Columbia Sportswear from $80.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, April 27th. B. Riley increased their price target on Columbia Sportswear from $79.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, April 27th. Finally, Buckingham Research increased their price target on Columbia Sportswear from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, April 27th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $83.13.
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The firm has a market capitalization of $6.13 billion, a PE ratio of 29.68, a PEG ratio of 2.35 and a beta of 0.88.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, April 26th. The textile maker reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.19. The business had revenue of $607.31 million during the quarter, compared to the consensus estimate of $581.16 million. Columbia Sportswear had a return on equity of 13.58% and a net margin of 4.52%. Columbia Sportswear’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. analysts predict that Columbia Sportswear will post 3.35 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Thursday, May 17th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $0.88 dividend on an annualized basis and a yield of 0.99%. Columbia Sportswear’s dividend payout ratio is 29.53%.
In other Columbia Sportswear news, COO Thomas B. Cusick sold 23,120 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $78.49, for a total value of $1,814,688.80. Following the completion of the transaction, the chief operating officer now directly owns 42,788 shares in the company, valued at $3,358,430.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andy D. Bryant sold 19,946 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $85.35, for a total value of $1,702,391.10. Following the completion of the transaction, the director now owns 46,277 shares of the company’s stock, valued at $3,949,741.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,384 shares of company stock valued at $5,777,416. Corporate insiders own 56.68% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC grew its stake in Columbia Sportswear by 1,788.8% in the fourth quarter. Advisory Services Network LLC now owns 2,021 shares of the textile maker’s stock valued at $145,000 after purchasing an additional 1,914 shares in the last quarter. Martingale Asset Management L P bought a new position in Columbia Sportswear in the fourth quarter valued at approximately $202,000. Commonwealth Equity Services LLC acquired a new stake in shares of Columbia Sportswear in the first quarter valued at approximately $219,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Columbia Sportswear in the fourth quarter valued at approximately $213,000. Finally, CIBC World Markets Inc. acquired a new stake in shares of Columbia Sportswear in the first quarter valued at approximately $233,000. Hedge funds and other institutional investors own 38.89% 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.