Columbia Sportswear Co. (COLM) Stock Price Down 2.8%
Columbia Sportswear Co. (NASDAQ:COLM)’s share price dropped 2.8% during mid-day trading on Tuesday . The stock traded as low as $55.78 and last traded at $55.79, with a volume of 212,672 shares trading hands. The stock had previously closed at $57.42.
COLM has been the subject of several analyst reports. Citigroup Inc. reduced their price target on shares of Columbia Sportswear from $69.00 to $68.00 and set a “buy” rating for the company in a report on Friday, July 29th. DA Davidson reissued a “buy” rating and set a $72.00 price target on shares of Columbia Sportswear in a report on Monday, July 18th. B. Riley reissued a “neutral” rating and set a $64.00 price target on shares of Columbia Sportswear in a report on Wednesday, July 27th. FBR & Co boosted their price target on shares of Columbia Sportswear from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Friday, July 29th. Finally, Zacks Investment Research raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Monday, July 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $61.07.
The company has a 50 day moving average of $57.77 and a 200 day moving average of $58.04. The firm has a market cap of $3.87 billion and a PE ratio of 22.12.
Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, July 28th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The firm earned $388.70 million during the quarter, compared to analyst estimates of $392.02 million. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts anticipate that Columbia Sportswear Co. will post $2.67 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 18th will be paid 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 1.23%.
In other Columbia Sportswear news, CAO Peter J. Bragdon sold 5,128 shares of the stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $57.95, for a total transaction of $297,167.60. Following the completion of the transaction, the chief accounting officer now directly owns 14,157 shares in the company, valued at $820,398.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Peter J. Bragdon sold 10,000 shares of the stock in a transaction on Monday, June 20th. The stock was sold at an average price of $58.95, for a total value 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 disclosure for this sale can be found here.
A hedge fund recently raised its stake in Columbia Sportswear stock. Dimensional Fund Advisors LP increased its stake in Columbia Sportswear Co. (NASDAQ:COLM) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 1.58% of Columbia Sportswear worth $54,188,000 at the end of the most recent reporting period.
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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