Columbia Sportswear (NASDAQ:COLM) Receives $70.00 Consensus Price Target from Analysts

Shares of Columbia Sportswear (NASDAQ:COLM) have been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $70.00.

Several research analysts have recently issued reports on COLM shares. Citigroup restated a “neutral” rating and issued a $68.00 price target (down from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. Needham & Company LLC assumed coverage on Columbia Sportswear in a report on Friday, May 30th. They set a “hold” rating on the stock. UBS Group upped their price target on Columbia Sportswear from $42.00 to $51.00 and gave the company a “sell” rating in a research note on Monday, April 14th. Barclays cut their price target on shares of Columbia Sportswear from $64.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, May 2nd. Finally, Stifel Nicolaus decreased their price objective on shares of Columbia Sportswear from $91.00 to $75.00 and set a “buy” rating for the company in a report on Friday, May 2nd.

Columbia Sportswear Stock Up 0.8%

COLM stock opened at $61.78 on Tuesday. Columbia Sportswear has a twelve month low of $58.44 and a twelve month high of $92.88. The company has a market cap of $3.41 billion, a P/E ratio of 15.96, a PEG ratio of 2.54 and a beta of 1.00. The business has a fifty day moving average of $65.03 and a 200-day moving average of $77.80.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, May 1st. The textile maker reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. The firm had revenue of $778.45 million during the quarter, compared to analysts’ expectations of $763.50 million. Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. As a group, equities research analysts anticipate that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, May 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 1.94%. Columbia Sportswear’s payout ratio is 30.69%.

Insiders Place Their Bets

In related news, Director Stephen E. Babson sold 2,776 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $65.94, for a total value of $183,049.44. Following the completion of the transaction, the director now directly owns 128,309 shares of the company’s stock, valued at approximately $8,460,695.46. This represents a 2.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 44.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of COLM. Smartleaf Asset Management LLC lifted its stake in Columbia Sportswear by 184.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 194 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Columbia Sportswear in the first quarter valued at approximately $38,000. Jones Financial Companies Lllp raised its holdings in shares of Columbia Sportswear by 208.3% in the first quarter. Jones Financial Companies Lllp now owns 555 shares of the textile maker’s stock valued at $42,000 after purchasing an additional 375 shares during the last quarter. Quarry LP acquired a new stake in Columbia Sportswear in the 1st quarter valued at $44,000. Finally, Whipplewood Advisors LLC boosted its stake in shares of Columbia Sportswear by 12,400.0% during the 1st quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker’s stock worth $47,000 after buying an additional 620 shares during the last quarter. 47.76% of the stock is owned by institutional investors and hedge funds.

About Columbia Sportswear

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.