Columbia Sportswear (NASDAQ:COLM) – Stock analysts at DA Davidson reduced their Q4 2019 EPS estimates for Columbia Sportswear in a research note issued on Tuesday, November 26th, Zacks Investment Research reports. DA Davidson analyst J. Morris now anticipates that the textile maker will post earnings per share of $1.67 for the quarter, down from their previous forecast of $1.84. DA Davidson currently has a “Neutral” rating and a $96.00 target price on the stock. DA Davidson also issued estimates for Columbia Sportswear’s FY2020 earnings at $4.97 EPS.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.20. Columbia Sportswear had a net margin of 10.97% and a return on equity of 19.14%. The business had revenue of $906.80 million during the quarter, compared to analyst estimates of $883.31 million. During the same period last year, the firm posted $1.41 EPS. The company’s revenue was up 13.9% on a year-over-year basis.
Several other brokerages have also recently issued reports on COLM. ValuEngine raised Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. BidaskClub raised Columbia Sportswear from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised Columbia Sportswear from a “hold” rating to a “strong-buy” rating and set a $106.00 price objective on the stock in a research note on Monday, October 21st. Wedbush reaffirmed an “outperform” rating on shares of Columbia Sportswear in a report on Monday, October 7th. Finally, Pivotal Research cut their target price on shares of Columbia Sportswear from $125.00 to $117.00 and set a “buy” rating for the company in a report on Monday, October 28th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Columbia Sportswear has an average rating of “Buy” and a consensus target price of $116.17.
COLM traded down $0.31 during trading on Wednesday, hitting $100.70. 1,033,357 shares of the company traded hands, compared to its average volume of 340,726. The stock’s 50-day simple moving average is $92.32 and its two-hundred day simple moving average is $96.75. Columbia Sportswear has a 1 year low of $80.03 and a 1 year high of $109.74. The company has a market cap of $6.82 billion, a PE ratio of 25.11, a P/E/G ratio of 1.81 and a beta of 0.63. The company has a current ratio of 3.04, a quick ratio of 1.76 and a debt-to-equity ratio of 0.21.
A number of institutional investors and hedge funds have recently bought and sold shares of COLM. Machina Capital S.A.S. increased its stake in Columbia Sportswear by 17.9% in the second quarter. Machina Capital S.A.S. now owns 1,000 shares of the textile maker’s stock worth $100,000 after purchasing an additional 152 shares during the period. Strs Ohio grew its stake in Columbia Sportswear by 7.6% in the 2nd quarter. Strs Ohio now owns 4,617 shares of the textile maker’s stock worth $462,000 after acquiring an additional 328 shares in the last quarter. Financial Gravity Wealth Inc. grew its stake in Columbia Sportswear by 4,581.8% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 515 shares of the textile maker’s stock worth $52,000 after acquiring an additional 504 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Columbia Sportswear during the second quarter worth approximately $768,000. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Columbia Sportswear by 8.8% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 88,595 shares of the textile maker’s stock worth $8,874,000 after acquiring an additional 7,203 shares during the period. Institutional investors own 37.72% of the company’s stock.
In related news, major shareholder Gertrude Boyle Trust sold 50,000 shares of Columbia Sportswear stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $93.63, for a total transaction of $4,681,500.00. Following the completion of the transaction, the insider now directly owns 9,014,559 shares of the company’s stock, valued at approximately $844,033,159.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sarah Bany sold 10,663 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $91.61, for a total transaction of $976,837.43. Following the completion of the sale, the director now directly owns 1,154,136 shares in the company, valued at $105,730,398.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 540,000 shares of company stock worth $49,419,456. Corporate insiders own 56.57% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Wednesday, November 20th. Columbia Sportswear’s dividend payout ratio (DPR) is 23.94%.
About Columbia Sportswear
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 and 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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