Analysts Set Columbia Sportswear Co. (NASDAQ:COLM) Price Target at $61.50
Shares of Columbia Sportswear Co. (NASDAQ:COLM) have earned an average rating of “Buy” from the eighteen brokerages that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $62.43.
Several equities analysts have commented on the company. DA Davidson reiterated a “buy” rating and set a $72.00 price target on shares of Columbia Sportswear in a report on Monday, July 18th. Brean Capital reiterated a “hold” rating on shares of Columbia Sportswear in a report on Monday, July 18th. B. Riley reiterated a “neutral” rating and set a $64.00 price target on shares of Columbia Sportswear in a report on Wednesday, July 27th. FBR & Co increased their price target on Columbia Sportswear from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Friday, July 29th. Finally, Citigroup Inc. lowered their price target on Columbia Sportswear from $69.00 to $68.00 and set a “buy” rating on the stock in a report on Friday, July 29th.
Columbia Sportswear (NASDAQ:COLM) opened at 57.57 on Monday. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 22.95 and a beta of 0.97. The stock’s 50 day moving average is $55.67 and its 200 day moving average is $57.64. Columbia Sportswear has a 52-week low of $43.56 and a 52-week high of $66.00.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.05. Columbia Sportswear had a return on equity of 12.14% and a net margin of 7.48%. The company had revenue of $388.70 million for the quarter, compared to the consensus estimate of $392.02 million. During the same quarter last year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts predict that Columbia Sportswear will post $2.67 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.18%. Columbia Sportswear’s payout ratio is presently 27.09%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Columbia Sportswear by 15.8% in the first quarter. BlackRock Inc. now owns 1,992 shares of the company’s stock worth $119,000 after buying an additional 272 shares during the last quarter. Advisor Group Inc. bought a new position in shares of Columbia Sportswear during the second quarter worth about $172,000. Pacer Advisors Inc. bought a new position in shares of Columbia Sportswear during the second quarter worth about $178,000. BlueMountain Capital Management LLC bought a new position in shares of Columbia Sportswear during the second quarter worth about $201,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Columbia Sportswear during the first quarter worth about $226,000. 36.55% of the stock is owned by institutional investors.
Columbia Sportswear Company Profile
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.
Receive News & Ratings for Columbia Sportswear Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Sportswear Co. and related companies with MarketBeat.com's FREE daily email newsletter.