Analysts Set Columbia Sportswear (NASDAQ:COLM) PT at $77.00

Shares of Columbia Sportswear (NASDAQ:COLM) have been assigned a consensus recommendation of “Hold” from the five analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $77.00.

Several research firms recently issued reports on COLM. Stifel Nicolaus raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and raised their target price for the stock from $84.00 to $92.00 in a research report on Monday, July 8th. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $80.00 target price on shares of Columbia Sportswear in a research report on Thursday, July 18th.

Institutional Investors Weigh In On Columbia Sportswear

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its stake in shares of Columbia Sportswear by 116.6% during the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 225 shares during the period. TFO Wealth Partners LLC lifted its holdings in Columbia Sportswear by 11,725.0% in the 4th quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock worth $38,000 after buying an additional 469 shares in the last quarter. Headlands Technologies LLC boosted its position in Columbia Sportswear by 174.8% in the 1st quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock valued at $49,000 after buying an additional 381 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in Columbia Sportswear in the 1st quarter valued at about $64,000. Finally, Dnca Finance acquired a new stake in shares of Columbia Sportswear during the second quarter valued at about $68,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Sportswear Stock Performance

Shares of COLM opened at $82.23 on Friday. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $87.23. The company’s 50 day simple moving average is $80.58 and its 200 day simple moving average is $80.37. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 3.00 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.14. The company had revenue of $570.20 million for the quarter, compared to analyst estimates of $569.37 million. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 EPS. Equities analysts expect that Columbia Sportswear will post 3.85 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 1.46%. Columbia Sportswear’s dividend payout ratio is currently 29.27%.

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.