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

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

COLM has been the topic of a number of other reports. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. TD Cowen increased their target price on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $80.75.

Columbia Sportswear Price Performance

Shares of COLM stock opened at $89.02 on Wednesday. The company has a market cap of $5.09 billion, a P/E ratio of 24.59, a PEG ratio of 3.71 and a beta of 0.94. The stock’s 50-day moving average is $82.98 and its 200 day moving average is $81.63. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $91.24.

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

Columbia Sportswear Dividend Announcement

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

Institutional Investors Weigh In On Columbia Sportswear

Several large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in shares of Columbia Sportswear by 116.6% in the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after acquiring an additional 225 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Columbia Sportswear by 51.3% in the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after buying an additional 142 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of Columbia Sportswear during the third quarter worth about $65,000. nVerses Capital LLC purchased a new stake in shares of Columbia Sportswear during the third quarter worth approximately $75,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Columbia Sportswear in the second quarter valued at approximately $253,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

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.