Columbia Sportswear (NASDAQ:COLM) had its price target raised by DA Davidson to $116.00 in a report published on Friday, The Fly reports. The firm currently has a buy rating on the textile maker’s stock. DA Davidson also issued estimates for Columbia Sportswear’s Q1 2019 earnings at $0.84 EPS, Q2 2019 earnings at $0.12 EPS, Q3 2019 earnings at $1.63 EPS, FY2019 earnings at $4.41 EPS and FY2020 earnings at $4.84 EPS.
COLM has been the topic of several other research reports. BidaskClub upgraded shares of Columbia Sportswear from a hold rating to a buy rating in a report on Thursday, February 7th. Wedbush reaffirmed an outperform rating on shares of Columbia Sportswear in a research note on Wednesday, January 16th. Zacks Investment Research raised shares of Columbia Sportswear from a hold rating to a buy rating and set a $98.00 price objective on the stock in a research note on Tuesday, January 29th. Pivotal Research set a $94.00 price objective on shares of Columbia Sportswear and gave the stock a hold rating in a research note on Wednesday, October 24th. Finally, Needham & Company LLC cut shares of Columbia Sportswear from a buy rating to a hold rating in a research note on Thursday, January 10th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Columbia Sportswear has an average rating of Buy and a consensus price target of $106.53.
Shares of NASDAQ:COLM opened at $106.97 on Friday. Columbia Sportswear has a twelve month low of $70.36 and a twelve month high of $109.74. The company has a market capitalization of $7.37 billion, a P/E ratio of 26.68, a price-to-earnings-growth ratio of 2.25 and a beta of 0.68.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, February 7th. The textile maker reported $1.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.41. Columbia Sportswear had a net margin of 9.57% and a return on equity of 16.83%. The company had revenue of $917.60 million for the quarter, compared to the consensus estimate of $859.06 million. During the same quarter in the prior year, the company earned $1.31 EPS. Columbia Sportswear’s quarterly revenue was up 18.2% on a year-over-year basis. Analysts expect that Columbia Sportswear will post 4.36 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Thursday, March 7th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $0.96 dividend on an annualized basis and a yield of 0.90%. Columbia Sportswear’s dividend payout ratio is currently 23.94%.
In related news, Director Sarah Bany sold 19,946 shares of Columbia Sportswear stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $88.91, for a total value of $1,773,398.86. Following the sale, the director now owns 11,610 shares of the company’s stock, valued at approximately $1,032,245.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 56.68% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Bank of Australia purchased a new position in Columbia Sportswear in the 3rd quarter valued at $111,000. Tower Research Capital LLC TRC lifted its holdings in Columbia Sportswear by 268.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,536 shares of the textile maker’s stock valued at $143,000 after purchasing an additional 1,119 shares in the last quarter. CENTRAL TRUST Co purchased a new position in Columbia Sportswear in the 4th quarter valued at $145,000. Benjamin F. Edwards & Company Inc. purchased a new position in Columbia Sportswear in the 4th quarter valued at $176,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Columbia Sportswear by 31.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,466 shares of the textile maker’s stock valued at $207,000 after purchasing an additional 588 shares in the last quarter. 37.21% of the stock is currently owned by hedge funds and other institutional investors.
Columbia Sportswear Company Profile
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.
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