Columbia Sportswear (NASDAQ: COLM – Get Rating) Cowen lowered its target price from $116.00 to $100.00 in a research report sent to investors on Friday morning, The Fly reports.
A number of other stock analysts have also recently released reports on the stock. TheStreet lowered shares of Columbia Sportswear from an ab rating to a c+ rating in a research note on Thursday, April 28th. StockNews.com lowered shares of Columbia Sportswear from a buy rating to a hold rating in a research note on Friday, April 29th. Seaport Res Ptn upgraded shares of Columbia Sportswear from a neutral rating to a buy rating in a research note on Friday, January 28th. CL King upgraded shares of Columbia Sportswear to a buy rating and set a $117.00 price target for the company in a research note on Friday, February 4th. Finally, Bank of America lowered shares of Columbia Sportswear from a neutral rating to a underperformance rating and lowered the company’s price target from $108.00 to $80.00 in a research note on Friday, April 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three analysts have assigned a buy rating to the company’s stock. According to MarketBeat.com, Columbia Sportswear currently has a consensus rating of Hold and an average price target of $102.00.
Nasdaq: COLM traded up $2.36 during trading hours on Friday, reaching $79.85. 570,155 shares of the company’s stock were traded, compared to an average trading volume of 458,809. The stock has a market capitalization of $5.02 billion, a P/E ratio of 14.39, a P/E ratio of 1.51 and a beta of 0.90. Columbia Sportswear recorded a 12-month low of $74.06 and a 12-month high of $107.50. The company has a 50-day moving average of $87.14 and a 200-day moving average of $93.53.
Columbia Sportswear (NASDAQ: COLM – Get Rating) released its latest earnings results on Thursday, April 28. The textile maker reported $1.03 earnings per share for the quarter, beating expectations of $0.85 by $0.18. The company generated $761.50 million in revenue for the quarter, compared to analysts’ expectations of $762.88 million. Columbia Sportswear had a net profit margin of 11.19% and a return on equity of 19.34%. Quarterly revenue for the business was up 21.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 in EPS. On average, analysts expect Columbia Sportswear to report 5.85 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Thursday, May 19th will receive a cash dividend of $0.30 per share. This represents a dividend of $1.20 year-over-year and a dividend yield of 1.50%. The date of exclusion from these earnings is Wednesday, May 18. Columbia Sportswear’s dividend payout ratio (DPR) is currently 21.62%.
In other Columbia Sportswear news, director Ronald E. Nelson sold 3,706 shares of stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $80.16, for a total transaction of $297,072.96. After the sale, the director now owns 1,402 shares of the company’s stock, valued at approximately $1,154,464.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, director Stephen E. Babson sold 2,568 shares of stock in a transaction dated Tuesday, May 3rd. The stock sold at an average price of $81.14, for a total transaction of $208,367.52. After the sale, the director now directly owns 112,627 shares in the company, valued at approximately $9,138,554.78. The disclosure of this sale can be found here. Company insiders own 41.15% of the company’s shares.
Large investors have recently modified their holdings of the business. Meeder Asset Management Inc. A new stake in Columbia Sportswear during the first quarter valued at approximately $27,000. First Manhattan Corporation boosted its stake in Columbia Sportswear by 304.9% in the third quarter. First Manhattan Corporation now owns 332 shares of the textile manufacturer’s stock valued at $31,000 after purchasing an additional 250 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in stock of Columbia Sportswear in the first quarter valued at approximately $31,000. Bedel Financial Consulting Inc boosted its stake in Columbia Sportswear by 300.0% in the fourth quarter. Bedel Financial Consulting Inc. owns. Now 400 shares of the textile maker’s stock are valued at $39,000 after purchasing an additional 300 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased new shares of Columbia Sportswear Inc in the 4th quarter valued at approximately $43,000. 48.65% of the shares are currently owned by hedge funds and other institutional investors.
About Columbia Sportswear (Get Rating)
Columbia Sportswear, Inc., along with its subsidiaries, designs, sources, markets, and distributes apparel, footwear, accessories, and equipment for the outdoor, active, and daily life in the United States, Latin America, the Asia Pacific region, Europe, the Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, mountaineering, mountaineering, camping, hunting, fishing, running, water sports, yoga, golf and adventure travel.
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