Trade Report: Today: Columbia Sportswear Co. (COLM) Given Average Recommendation of “Hold” by Brokerages

Today: Columbia Sportswear Co. (COLM) Given Average Recommendation of “Hold” by Brokerages

Shares of Columbia Sportswear Co. (NASDAQ:COLM) have received an average recommendation of “Hold” from the nineteen ratings firms that are covering the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $66.62.

COLM has been the topic of several research analyst reports. B. Riley restated a “neutral” rating and set a $64.00 target price on shares of Columbia Sportswear in a report on Monday, August 1st. Credit Suisse Group AG restated a “hold” rating on shares of Columbia Sportswear in a report on Sunday, August 7th. Canaccord Genuity restated a “hold” rating and set a $59.00 target price on shares of Columbia Sportswear in a report on Sunday, September 11th. KeyCorp initiated coverage on Columbia Sportswear in a report on Thursday, September 22nd. They set a “sector weight” rating on the stock. Finally, Brean Capital restated a “hold” rating on shares of Columbia Sportswear in a report on Thursday, September 22nd.

In other Columbia Sportswear news, Director Sarah Bany sold 5,290 shares of the stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $59.37, for a total value of $314,067.30. Following the transaction, the director now owns 1,579,136 shares of the company’s stock, valued at $93,753,304.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 62.12% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Atlanta Capital Management Co. L L C raised its stake in Columbia Sportswear by 21.9% in the second quarter. Atlanta Capital Management Co. L L C now owns 3,314,878 shares of the company’s stock worth $190,738,000 after buying an additional 594,627 shares in the last quarter. Vanguard Group Inc. raised its stake in Columbia Sportswear by 2.7% in the second quarter. Vanguard Group Inc. now owns 2,000,962 shares of the company’s stock worth $115,135,000 after buying an additional 51,776 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Columbia Sportswear by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 1,266,412 shares of the company’s stock worth $71,857,000 after buying an additional 49,448 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Columbia Sportswear by 19.8% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,098,115 shares of the company’s stock worth $63,186,000 after buying an additional 181,853 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC raised its stake in Columbia Sportswear by 24.7% in the second quarter. Silvercrest Asset Management Group LLC now owns 758,396 shares of the company’s stock worth $43,638,000 after buying an additional 150,132 shares in the last quarter. 37.06% of the stock is currently owned by institutional investors.

Shares of Columbia Sportswear (NASDAQ:COLM) traded down 0.56% during trading on Monday, reaching $60.07. The company had a trading volume of 121,010 shares. Columbia Sportswear has a 52-week low of $43.56 and a 52-week high of $62.95. The company has a 50 day moving average of $58.65 and a 200-day moving average of $57.02. The firm has a market capitalization of $4.19 billion, a P/E ratio of 24.90 and a beta of 0.79.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, October 27th. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.01. Columbia Sportswear had a return on equity of 11.42% and a net margin of 7.23%. The firm had revenue of $745.71 million for the quarter, compared to analysts’ expectations of $770.47 million. During the same period in the prior year, the business posted $1.28 earnings per share. The business’s revenue was down 2.8% compared to the same quarter last year. Equities analysts expect that Columbia Sportswear will post $2.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 17th will be paid a $0.18 dividend. This is a positive change from Columbia Sportswear’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, November 15th. This represents a $0.72 annualized dividend and a yield of 1.22%. Columbia Sportswear’s dividend payout ratio is presently 29.88%.

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