Columbia Sportswear (NASDAQ:COLM) Price Target Raised to $100.00

Columbia Sportswear (NASDAQ:COLM) had its price target hoisted by Stifel Nicolaus from $92.00 to $100.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the textile maker’s stock.

A number of other equities research analysts have also commented on COLM. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. TD Cowen boosted their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $80.75.

Columbia Sportswear Price Performance

Shares of COLM stock opened at $88.74 on Wednesday. The stock’s fifty day simple moving average is $83.26 and its 200 day simple moving average is $81.71. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 3.74 and a beta of 0.94. Columbia Sportswear has a one year low of $73.04 and a one year high of $91.24.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.20. The business had revenue of $931.80 million for the quarter, compared to analyst estimates of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.70 EPS. On average, research analysts anticipate that Columbia Sportswear will post 3.89 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.35%. Columbia Sportswear’s payout ratio is 33.15%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Columbia Sportswear during the second quarter valued at $253,000. Blue Trust Inc. lifted its position in Columbia Sportswear by 116.6% during the 2nd 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. Boston Trust Walden Corp lifted its position in Columbia Sportswear by 1.1% during the 2nd quarter. Boston Trust Walden Corp now owns 1,304,761 shares of the textile maker’s stock valued at $103,180,000 after purchasing an additional 13,636 shares during the period. Bank of New York Mellon Corp lifted its position in Columbia Sportswear by 3.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 425,483 shares of the textile maker’s stock valued at $33,647,000 after purchasing an additional 15,375 shares during the period. Finally, Legato Capital Management LLC lifted its holdings in Columbia Sportswear by 16.2% in the second quarter. Legato Capital Management LLC now owns 23,150 shares of the textile maker’s stock valued at $1,831,000 after buying an additional 3,231 shares during the period. Institutional investors and hedge funds own 47.76% of the company’s stock.

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.