Columbia Sportswear Co. (COLM) Trading Up 1%
Columbia Sportswear Co. (NASDAQ:COLM)’s share price was up 1% during mid-day trading on Wednesday . The stock traded as high as $56.86 and last traded at $56.02, with a volume of 216,809 shares changing hands. The stock had previously closed at $55.47.
A number of equities research analysts recently commented on COLM shares. Zacks Investment Research upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Monday, July 4th. Brean Capital reiterated a “hold” rating on shares of Columbia Sportswear in a research report on Monday, July 18th. DA Davidson reiterated a “buy” rating and issued a $72.00 target price on shares of Columbia Sportswear in a research report on Monday, July 18th. B. Riley reiterated a “neutral” rating and issued a $64.00 target price on shares of Columbia Sportswear in a research report on Wednesday, July 27th. Finally, FBR & Co upped their target price on Columbia Sportswear from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $61.07.
The firm has a market cap of $3.92 billion and a PE ratio of 22.40. The stock’s 50-day moving average price is $57.63 and its 200 day moving average price is $58.04.
Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, July 28th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.05. The business had revenue of $388.70 million for the quarter, compared to analyst estimates of $392.02 million. During the same period last year, the business posted ($0.09) EPS. Columbia Sportswear’s revenue was up 2.2% on a year-over-year basis. Equities research analysts expect that Columbia Sportswear Co. will post $2.67 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.23%. The ex-dividend date is Tuesday, August 16th.
In other Columbia Sportswear news, CAO Peter J. Bragdon sold 10,000 shares of Columbia Sportswear stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $58.95, for a total transaction of $589,500.00. Following the transaction, the chief accounting officer now owns 24,157 shares of the company’s stock, valued at $1,424,055.15. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Peter J. Bragdon sold 5,128 shares of Columbia Sportswear stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $57.95, for a total value of $297,167.60. Following the transaction, the chief accounting officer now directly owns 14,157 shares in the company, valued at approximately $820,398.15. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Columbia Sportswear stock. Dimensional Fund Advisors LP boosted its stake in Columbia Sportswear Co. (NASDAQ:COLM) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,111,317 shares of the company’s stock after buying an additional 7,298 shares during the period. Dimensional Fund Advisors LP owned about 1.58% of Columbia Sportswear worth $54,188,000 as of its most recent SEC filing.
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada.
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