Columbia Sportswear Co. (COLM) Trading Down 2.8%
Shares of Columbia Sportswear Co. (NASDAQ:COLM) traded down 2.8% during mid-day trading on Tuesday . The company traded as low as $55.78 and last traded at $55.79, with a volume of 212,672 shares traded. The stock had previously closed at $57.42.
A number of analysts recently weighed in on the stock. B. Riley restated a “neutral” rating and set a $64.00 target price on shares of Columbia Sportswear in a research note on Wednesday, July 27th. Citigroup Inc. cut their target price on shares of Columbia Sportswear from $69.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Brean Capital restated a “hold” rating on shares of Columbia Sportswear in a research note on Monday, July 18th. Zacks Investment Research upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Monday, July 4th. Finally, DA Davidson restated a “buy” rating and set a $72.00 target price on shares of Columbia Sportswear in a research note on Monday, July 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $61.07.
The firm has a market capitalization of $3.94 billion and a PE ratio of 22.54. The stock has a 50-day moving average of $57.48 and a 200-day moving average of $58.03.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.12) earnings per share (EPS) 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 analysts’ expectations of $392.02 million. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. Columbia Sportswear’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts expect that Columbia Sportswear Co. will post $2.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.21%.
In other news, CAO Peter J. Bragdon sold 5,128 shares of the business’s 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 completion of the sale, the chief accounting officer now directly owns 14,157 shares in the company, valued at approximately $820,398.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Peter J. Bragdon sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 20th. The shares were sold at an average price of $58.95, for a total value of $589,500.00. Following the completion of the sale, the chief accounting officer now owns 24,157 shares of the company’s stock, valued at $1,424,055.15. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Columbia Sportswear stock. Dimensional Fund Advisors LP boosted its position in shares of Columbia Sportswear Co. (NASDAQ:COLM) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 filing with the SEC.
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.