Analysts Set Columbia Sportswear (NASDAQ:COLM) Price Target at $80.75

Columbia Sportswear (NASDAQ:COLM) has been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $74.80.

Several equities research analysts have weighed in on the company. UBS Group upped their target price on Columbia Sportswear from $42.00 to $51.00 and gave the stock a “sell” rating in a research note on Monday. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Citigroup reissued a “neutral” rating and set a $68.00 target price (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. Finally, Stifel Nicolaus reduced their price target on shares of Columbia Sportswear from $100.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th.

Columbia Sportswear Price Performance

Shares of NASDAQ COLM opened at $64.91 on Monday. The stock has a market capitalization of $3.59 billion, a PE ratio of 16.77, a P/E/G ratio of 2.54 and a beta of 0.91. Columbia Sportswear has a fifty-two week low of $59.07 and a fifty-two week high of $92.88. The business has a fifty day moving average price of $78.51 and a two-hundred day moving average price of $82.23.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Tuesday, February 4th. The textile maker reported $1.80 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. On average, equities analysts expect that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 1.85%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 31.01%.

Insiders Place Their Bets

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction of $522,727.30. Following the completion of the sale, the director now owns 17,048 shares of the company’s stock, valued at approximately $1,393,503.52. This represents a 27.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the transaction, the executive vice president now owns 14,283 shares of the company’s stock, valued at approximately $1,319,177.88. The trade was a 21.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 44.70% of the company’s stock.

Institutional Investors Weigh In On Columbia Sportswear

Large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in Columbia Sportswear by 184.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker’s stock valued at $25,000 after buying an additional 194 shares during the period. GAMMA Investing LLC lifted its stake in shares of Columbia Sportswear by 43.2% in the 4th quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock valued at $50,000 after purchasing an additional 181 shares during the period. Whipplewood Advisors LLC boosted its position 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 valued at $47,000 after purchasing an additional 620 shares in the last quarter. Signaturefd LLC grew its stake in Columbia Sportswear by 18.4% during the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker’s stock worth $77,000 after purchasing an additional 142 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in Columbia Sportswear during the fourth quarter worth approximately $76,000. 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.