Columbia Sportswear Co. (COLM) Stock Price Up 1%
Shares of Columbia Sportswear Co. (NASDAQ:COLM) rose 1% during trading on Wednesday . The company traded as high as $56.86 and last traded at $56.02, with a volume of 216,809 shares traded. The stock had previously closed at $55.47.
COLM has been the subject of a number of analyst reports. DA Davidson restated a “buy” rating and issued a $72.00 price target on shares of Columbia Sportswear in a research report on Monday, July 18th. Zacks Investment Research upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Monday, July 4th. Citigroup Inc. cut their target price on Columbia Sportswear from $69.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Brean Capital reiterated a “hold” rating on shares of Columbia Sportswear in a research report on Monday, July 18th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Columbia Sportswear in a research report on Sunday, August 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $61.07.
The stock’s 50 day moving average is $57.36 and its 200-day moving average is $58.02. The company has a market capitalization of $3.98 billion and a price-to-earnings ratio of 22.74.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.05. The company earned $388.70 million during the quarter, compared to analyst estimates of $392.02 million. During the same period last year, the firm earned ($0.09) EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts predict that Columbia Sportswear Co. 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. Stockholders of record on Thursday, August 18th were issued a $0.17 dividend. The ex-dividend date was Tuesday, August 16th. This represents a $0.68 annualized dividend and a dividend yield of 1.19%.
In related news, CAO Peter J. Bragdon sold 5,128 shares of Columbia Sportswear stock in a transaction dated 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 transaction, the chief accounting officer now owns 14,157 shares in the company, valued at approximately $820,398.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Peter J. Bragdon sold 10,000 shares of Columbia Sportswear stock in a transaction dated 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 transaction, the chief accounting officer now owns 24,157 shares of the company’s stock, valued at approximately $1,424,055.15. The disclosure for this sale can be found here.
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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