Columbia Sportswear (NASDAQ:COLM – Get Free Report) has earned a consensus rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $77.00.
A number of analysts recently commented on the stock. Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and upped their price target for the company from $84.00 to $92.00 in a research note on Monday, July 8th. StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Wedbush reissued a “neutral” rating and issued a $80.00 price target on shares of Columbia Sportswear in a report on Thursday, July 18th.
Check Out Our Latest Report on COLM
Institutional Investors Weigh In On Columbia Sportswear
Columbia Sportswear Stock Performance
Columbia Sportswear stock opened at $83.74 on Monday. Columbia Sportswear has a fifty-two week low of $66.01 and a fifty-two week high of $87.23. The stock has a market cap of $4.95 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. The firm’s 50-day simple moving average is $79.66 and its 200 day simple moving average is $80.25.
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last released its earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.14. The firm had revenue of $570.20 million for the quarter, compared to analysts’ expectations of $569.37 million. Columbia Sportswear had a net margin of 6.72% and a return on equity of 13.01%. The company’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share. As a group, analysts predict that Columbia Sportswear will post 3.85 EPS for the current fiscal year.
Columbia Sportswear Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, August 15th. Columbia Sportswear’s dividend payout ratio is currently 29.27%.
Columbia Sportswear Company Profile
Columbia Sportswear Company, together with its subsidiaries, designs, develops, 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 for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.
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