Columbia Sportswear (NASDAQ:COLM – Get Rating) shares saw strong trading volume on Thursday . 24,959 shares changed hands during mid-day trading, a decline of 94% from the previous session’s volume of 438,018 shares.The stock last traded at $70.00 and had previously closed at $72.28.
COLM has been the topic of a number of recent research reports. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Friday, June 10th. Robert W. Baird dropped their price objective on Columbia Sportswear from $110.00 to $100.00 in a report on Friday, April 29th. Cowen cut their target price on Columbia Sportswear from $116.00 to $100.00 in a research report on Friday, May 13th. Cowen reduced their price objective on Columbia Sportswear from $116.00 to $100.00 in a report on Friday, May 13th. Finally, Bank of America lowered shares of Columbia Sportswear from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $108.00 to $80.00 in a research note on Friday, April 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $103.43.
The firm’s 50-day moving average price is $80.62 and its 200 day moving average price is $89.12. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 1.52 and a beta of 0.91.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The textile maker reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.17. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. The firm had revenue of $761.50 million during the quarter, compared to the consensus estimate of $762.88 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The business’s revenue was up 21.7% on a year-over-year basis. Sell-side analysts predict that Columbia Sportswear will post 5.88 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 2nd. Shareholders of record on Thursday, May 19th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Wednesday, May 18th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 21.62%.
In other news, Director Stephen E. Babson sold 2,568 shares of the stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $81.14, for a total transaction of $208,367.52. Following the transaction, the director now owns 112,627 shares in the company, valued at approximately $9,138,554.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ronald E. Nelson sold 3,706 shares of the firm’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $80.16, for a total transaction of $297,072.96. Following the transaction, the director now directly owns 14,402 shares of the company’s stock, valued at $1,154,464.32. The disclosure for this sale can be found here. Insiders own 42.37% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of COLM. O Shares Investment Advisers LLC grew its holdings in Columbia Sportswear by 2.3% during the 4th quarter. O Shares Investment Advisers LLC now owns 5,610 shares of the textile maker’s stock valued at $547,000 after buying an additional 128 shares in the last quarter. US Bancorp DE lifted its stake in shares of Columbia Sportswear by 19.8% in the 1st quarter. US Bancorp DE now owns 823 shares of the textile maker’s stock valued at $75,000 after purchasing an additional 136 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Columbia Sportswear by 0.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 30,923 shares of the textile maker’s stock valued at $3,013,000 after acquiring an additional 151 shares during the period. WINTON GROUP Ltd grew its stake in Columbia Sportswear by 0.9% during the 1st quarter. WINTON GROUP Ltd now owns 21,056 shares of the textile maker’s stock valued at $1,906,000 after purchasing an additional 190 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in Columbia Sportswear by 2.2% in the 1st quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the textile maker’s stock worth $817,000 after purchasing an additional 200 shares during the period. 48.65% of the stock is owned by institutional investors and hedge funds.
Columbia Sportswear Company Profile (NASDAQ:COLM)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor, active, and everyday 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 in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.
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Source: defenseworld.net
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