Columbia Sportswear (NASDAQ:COLM) Raised to “Buy” at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Columbia Sportswear (NASDAQ:COLM) from a hold rating to a buy rating in a report issued on Monday, MarketBeat reports. They currently have $92.00 price target on the textile maker’s stock, up from their previous price target of $84.00.

Separately, StockNews.com raised Columbia Sportswear from a hold rating to a buy rating in a research report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $77.75.

Columbia Sportswear Stock Performance

Shares of NASDAQ:COLM opened at $77.55 on Monday. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $87.23. The stock has a market capitalization of $4.58 billion, a P/E ratio of 18.91, a PEG ratio of 3.29 and a beta of 0.94. The stock has a 50-day simple moving average of $82.02 and a 200-day simple moving average of $80.02.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.36. Columbia Sportswear had a return on equity of 13.98% and a net margin of 7.20%. The business had revenue of $769.98 million during the quarter, compared to analysts’ expectations of $740.62 million. During the same quarter in the previous year, the business earned $0.74 EPS. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. Analysts predict that Columbia Sportswear will post 3.86 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Wednesday, May 15th. Columbia Sportswear’s payout ratio is 29.27%.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, CFO Jim A. Swanson sold 7,199 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $77.50, for a total value of $557,922.50. Following the transaction, the chief financial officer now directly owns 9,423 shares of the company’s stock, valued at approximately $730,282.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Jim A. Swanson sold 7,199 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $77.50, for a total value of $557,922.50. Following the completion of the sale, the chief financial officer now directly owns 9,423 shares in the company, valued at approximately $730,282.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sabrina Simmons sold 523 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total value of $42,729.10. Following the completion of the sale, the director now owns 6,483 shares of the company’s stock, valued at $529,661.10. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC grew its stake in Columbia Sportswear by 76.2% during the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock worth $36,000 after buying an additional 195 shares during the last quarter. TFO Wealth Partners LLC grew its stake in shares of Columbia Sportswear by 11,725.0% in the fourth quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock worth $38,000 after purchasing an additional 469 shares in the last quarter. Quent Capital LLC grew its stake in shares of Columbia Sportswear by 79.6% in the fourth quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock worth $49,000 after purchasing an additional 273 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of Columbia Sportswear by 174.8% in the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock worth $49,000 after purchasing an additional 381 shares in the last quarter. Finally, Planned Solutions Inc. bought a new position in shares of Columbia Sportswear in the fourth quarter worth $53,000. 47.76% of the stock is currently owned by 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.