Columbia Sportswear (NASDAQ:COLM) Receives $78.75 Consensus Price Target from Analysts

Shares of Columbia Sportswear (NASDAQ:COLM) have been given a consensus recommendation of “Hold” by the four research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $78.75.

A number of equities analysts have recently weighed in on COLM shares. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. TD Cowen lifted their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a report on Tuesday, November 26th.

Columbia Sportswear Stock Up 1.0 %

Shares of NASDAQ COLM opened at $88.10 on Tuesday. The firm has a fifty day simple moving average of $82.02 and a 200 day simple moving average of $81.39. The company has a market capitalization of $5.04 billion, a PE ratio of 24.34, a P/E/G ratio of 3.66 and a beta of 0.92. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $88.62.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.20. The firm 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 business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.70 earnings per share. As a group, equities analysts expect that Columbia Sportswear will post 3.89 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear’s payout ratio is currently 33.15%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COLM. Vanguard Group Inc. boosted its stake in shares of Columbia Sportswear by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock worth $257,373,000 after buying an additional 21,104 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Columbia Sportswear by 19.8% during the third quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock worth $147,544,000 after acquiring an additional 292,716 shares during the period. Boston Trust Walden Corp boosted its position in Columbia Sportswear by 1.1% in the second quarter. Boston Trust Walden Corp now owns 1,304,761 shares of the textile maker’s stock worth $103,180,000 after purchasing an additional 13,636 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Columbia Sportswear by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,195,386 shares of the textile maker’s stock valued at $94,530,000 after purchasing an additional 56,348 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Columbia Sportswear by 153.3% during the 2nd quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock valued at $48,722,000 after purchasing an additional 372,886 shares during the last quarter. 47.76% of the stock is currently 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.