BidaskClub upgraded shares of Columbia Sportswear (NASDAQ:COLM) from a hold rating to a buy rating in a report published on Thursday, November 1st.
Several other research analysts have also weighed in on COLM. Citigroup lifted their target price on Columbia Sportswear from $94.00 to $106.00 and gave the stock a buy rating in a report on Monday, July 30th. Wedbush lifted their price target on Columbia Sportswear from $100.00 to $102.00 and gave the company an outperform rating in a research note on Friday, July 27th. Robert W. Baird lifted their price target on Columbia Sportswear from $95.00 to $105.00 and gave the company an outperform rating in a research note on Tuesday, July 24th. FBR & Co downgraded Columbia Sportswear from an outperform rating to a $93.43 rating and set a $84.00 price target on the stock. in a research note on Wednesday, July 18th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $98.00 target price on shares of Columbia Sportswear in a research report on Friday, July 27th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Columbia Sportswear currently has an average rating of Hold and a consensus price target of $90.24.
Shares of COLM opened at $89.83 on Thursday. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 2.30 and a beta of 0.71. Columbia Sportswear has a 52 week low of $67.06 and a 52 week high of $95.58.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, October 25th. The textile maker reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.14. Columbia Sportswear had a return on equity of 15.43% and a net margin of 5.56%. The business had revenue of $795.80 million for the quarter, compared to analyst estimates of $791.25 million. On average, equities research analysts predict that Columbia Sportswear will post 3.61 earnings per share for the current fiscal year.
Columbia Sportswear declared that its Board of Directors has approved a stock repurchase plan on Monday, August 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the textile maker to repurchase up to 3.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.24 per share. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 1.07%. The ex-dividend date is Wednesday, November 14th. Columbia Sportswear’s payout ratio is currently 32.21%.
In other news, EVP Joseph P. Boyle sold 1,443 shares of the company’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $90.99, for a total transaction of $131,298.57. Following the completion of the transaction, the executive vice president now directly owns 2,116,597 shares in the company, valued at $192,589,161.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andy D. Bryant sold 13,274 shares of the company’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $91.75, for a total transaction of $1,217,889.50. Following the transaction, the director now owns 42,060 shares of the company’s stock, valued at $3,859,005. The disclosure for this sale can be found here. 56.68% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Columbia Sportswear by 3.2% in the third quarter. Vanguard Group Inc. now owns 3,275,641 shares of the textile maker’s stock valued at $304,864,000 after purchasing an additional 100,703 shares during the period. BlackRock Inc. boosted its position in Columbia Sportswear by 9.5% during the third quarter. BlackRock Inc. now owns 1,323,116 shares of the textile maker’s stock valued at $123,142,000 after acquiring an additional 114,543 shares during the last quarter. Acadian Asset Management LLC boosted its position in Columbia Sportswear by 28.5% during the third quarter. Acadian Asset Management LLC now owns 985,761 shares of the textile maker’s stock valued at $91,741,000 after acquiring an additional 218,489 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Columbia Sportswear by 143.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 973,401 shares of the textile maker’s stock valued at $89,955,000 after acquiring an additional 573,517 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its position in Columbia Sportswear by 3.4% during the third quarter. Loomis Sayles & Co. L P now owns 452,790 shares of the textile maker’s stock valued at $42,141,000 after acquiring an additional 15,016 shares during the last quarter. Institutional investors and hedge funds own 39.83% of the company’s stock.
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.
Columbia Sportswear Company (NasdaqGS:COLM) of the Personal Goods sector might have recently popped up on investor’s radars as the 6204266 market cap company based out of United States of America recently closed at 89.91. The stock has seen year over year sales growth of 10.5190% giving it a traded value of $22442.
Columbia Sportswear Company (NasdaqGS:COLM) closed the recent session at 89.91 with a market value of $6204266.
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Turning to some key growth data as decimals. One year cash flow growth ratio is calculated on a trailing 12 months basis and is a one year percentage growth of a firm’s cash flow from operations. This number stands at -26.5620% for Columbia Sportswear Company (NasdaqGS:COLM). The one year Growth EBIT ratio stands at 17.9470% and is a calculation of one year growth in earnings before interest and taxes. The one year EBITDA growth number holds at 14.1260% which is calculated similarly to EBIT Growth with just the addition of amortization.
Taking even a further look we note that the 1 year Free Cash Flow (FCF) Growth is at -22.7300%. The one year growth in Net Profit after Tax is -24.8770% and lastly sales growth was 10.5190%.
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Columbia Sportswear Company (NasdaqGS:COLM) has a current suggested portfolio ownership target rate of 0.0344 (as a decimal) ownership. Target weight is the volatility adjusted recommended position size for a stock in your portfolio. The maximum target weight is 7% for any given stock. The indicator is based off of the 100 day volatility reading and calculates a target weight accordingly. The more recent volatility of a stock, the lower the target weight will be. The 3-month volatility stands at 23.8926 (decimal), the 6-month at 23.3882 and the 12-month at 20.4968. This is the normal returns and standard deviation of the stock price over three months annualized.
Taking look at some key returns and margins data we can note the following: Columbia Sportswear Company (NasdaqGS:COLM) has Return on Invested Capital (ROIC) of 0.26671, with a 5-year average of 0.274015 and an ROIC quality score of 9.944784. Why is ROIC important? It’s one of the most fundamental metrics in determining the value of a given stock. It helps potential investors determine if the firm is using it’s invested capital to return profits.
Changing lanes and looking at some Debt ratios, Columbia Sportswear Company (NasdaqGS:COLM) has a debt to equity ratio of 0.00499 and a Free Cash Flow to Debt ratio of 23.913248. This ratio provides insight as to how high the firm’s total debt is compared to its free cash flow generated. In terms of Net Debt to EBIT, that ratio stands at -1.45458. This ratio reveals how easily a company is able to pay interest and capital on its net outstanding debt. The lower the ratio the better as that indicates that the company is able to meet its interest and capital payments. Lastly we’ll take note of the Net Debt to Market Value ratio. Columbia Sportswear Company’s ND to MV current stands at -0.071431. This ratio is calculated as follows: Net debt (Total debt minus Cash ) / Market value of the company.
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