Columbia Sportswear Co. (COLM) Given a $72.00 Price Target at DA Davidson
A number of other brokerages also recently commented on COLM. FBR & Co reiterated a buy rating and set a $68.00 price objective on shares of Columbia Sportswear in a research report on Friday, October 28th. Zacks Investment Research downgraded Columbia Sportswear from a hold rating to a sell rating in a research report on Wednesday, September 28th. Canaccord Genuity reiterated a buy rating and set a $70.00 price objective on shares of Columbia Sportswear in a research report on Friday, October 28th. Goldman Sachs Group Inc. upgraded Columbia Sportswear from a buy rating to a conviction-buy rating in a research report on Friday, October 7th. Finally, Brean Capital reiterated a hold rating on shares of Columbia Sportswear in a research report on Thursday, September 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $66.00.
Shares of Columbia Sportswear (NASDAQ:COLM) traded down 1.14% during midday trading on Monday, hitting $58.91. The stock had a trading volume of 195,661 shares. Columbia Sportswear has a 12-month low of $43.56 and a 12-month high of $62.95. The company’s 50-day moving average price is $58.69 and its 200-day moving average price is $57.08. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 24.42 and a beta of 0.79.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.01. The firm earned $745.71 million during the quarter, compared to analyst estimates of $770.47 million. Columbia Sportswear had a return on equity of 11.42% and a net margin of 7.23%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the company posted $1.28 EPS. Equities research analysts forecast that Columbia Sportswear will post $2.63 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 17th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.22%. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, November 15th. Columbia Sportswear’s dividend payout ratio is presently 29.88%.
In other Columbia Sportswear news, Director Sarah Bany sold 5,290 shares of the stock in a transaction on Monday, November 14th. The shares were sold at an average price of $59.37, for a total transaction of $314,067.30. Following the transaction, the director now directly owns 1,579,136 shares of the company’s stock, valued at $93,753,304.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 62.12% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Atlanta Capital Management Co. L L C increased its position in Columbia Sportswear by 21.9% in the second quarter. Atlanta Capital Management Co. L L C now owns 3,314,878 shares of the company’s stock valued at $190,738,000 after buying an additional 594,627 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new stake in shares of Columbia Sportswear during the third quarter valued at about $29,811,000. Emerald Acquisition Ltd. increased its stake in shares of Columbia Sportswear by 625.1% in the third quarter. Emerald Acquisition Ltd. now owns 244,105 shares of the company’s stock valued at $13,851,000 after buying an additional 210,440 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Columbia Sportswear by 19.8% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,098,115 shares of the company’s stock valued at $63,186,000 after buying an additional 181,853 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its stake in shares of Columbia Sportswear by 24.7% in the second quarter. Silvercrest Asset Management Group LLC now owns 758,396 shares of the company’s stock valued at $43,638,000 after buying an additional 150,132 shares in the last quarter. 37.06% of the stock is currently owned by hedge funds and other 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.