Columbia Sportswear (NASDAQ:COLM) Receives $78.00 Average Price Target from Brokerages

Columbia Sportswear (NASDAQ:COLM) has received a consensus recommendation of “Reduce” from the five analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $78.00.

A number of research firms have weighed in on COLM. UBS Group cut their price objective on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a report on Friday, February 2nd. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th.

Columbia Sportswear Price Performance

NASDAQ COLM opened at $79.01 on Tuesday. The company has a market capitalization of $4.70 billion, a PE ratio of 19.13, a P/E/G ratio of 3.24 and a beta of 0.94. The company has a fifty day moving average of $78.87 and a 200 day moving average of $77.92. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $88.17.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, February 1st. The textile maker reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.14). The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.08 billion. Columbia Sportswear had a net margin of 7.21% and a return on equity of 14.11%. Research analysts expect that Columbia Sportswear will post 3.68 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.52%. Columbia Sportswear’s dividend payout ratio is currently 29.06%.

Insider Transactions at Columbia Sportswear

In other news, Director Ronald E. Nelson sold 5,768 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total transaction of $473,264.40. Following the completion of the sale, the director now owns 16,857 shares of the company’s stock, valued at $1,383,116.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Stephen E. Babson sold 2,411 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $80.98, for a total transaction of $195,242.78. Following the completion of the sale, the director now owns 122,879 shares of the company’s stock, valued at $9,950,741.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald E. Nelson sold 5,768 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total transaction of $473,264.40. Following the sale, the director now directly owns 16,857 shares of the company’s stock, valued at approximately $1,383,116.85. The disclosure for this sale can be found here. Corporate insiders own 43.00% of the company’s stock.

Hedge Funds Weigh In On Columbia Sportswear

A number of institutional investors and hedge funds have recently bought and sold shares of COLM. SG Americas Securities LLC boosted its position in Columbia Sportswear by 10.7% during the third quarter. SG Americas Securities LLC now owns 22,811 shares of the textile maker’s stock worth $1,690,000 after acquiring an additional 2,209 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in Columbia Sportswear by 1.9% during the third quarter. GHP Investment Advisors Inc. now owns 25,889 shares of the textile maker’s stock worth $1,858,000 after acquiring an additional 478 shares during the last quarter. Boston Trust Walden Corp boosted its position in Columbia Sportswear by 3.9% during the third quarter. Boston Trust Walden Corp now owns 988,818 shares of the textile maker’s stock worth $73,271,000 after acquiring an additional 36,689 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Columbia Sportswear by 10.2% during the third quarter. Handelsbanken Fonder AB now owns 8,658 shares of the textile maker’s stock worth $642,000 after acquiring an additional 800 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC boosted its position in Columbia Sportswear by 30.5% during the third quarter. Hunter Perkins Capital Management LLC now owns 4,535 shares of the textile maker’s stock worth $336,000 after acquiring an additional 1,060 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Company Profile

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.