Columbia Sportswear Company (NASDAQ:COLM) Receives $70.00 Average Price Target from Brokerages

Shares of Columbia Sportswear Company (NASDAQ:COLM - Get Free Report) have received a consensus rating of "Hold" from the seven research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $70.00.

COLM has been the subject of several research analyst reports. UBS Group raised their price target on shares of Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research note on Monday, April 14th. Barclays decreased their target price on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Needham & Company LLC began coverage on Columbia Sportswear in a research report on Friday, May 30th. They set a "hold" rating on the stock. Stifel Nicolaus cut their price target on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Citigroup restated a "neutral" rating and issued a $68.00 price objective (down from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th.

Columbia Sportswear Stock Performance

NASDAQ:COLM traded up $2.28 during trading on Friday, reaching $63.36. The company's stock had a trading volume of 577,647 shares, compared to its average volume of 618,562. Columbia Sportswear has a 12 month low of $58.44 and a 12 month high of $92.88. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 4.07 and a beta of 0.97. The firm has a 50 day moving average of $63.37 and a 200-day moving average of $74.70.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The textile maker reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. Columbia Sportswear had a net margin of 6.61% and a return on equity of 12.57%. The company had revenue of $778.45 million for the quarter, compared to the consensus estimate of $763.50 million. During the same period in the previous year, the firm earned $0.71 EPS. The firm's quarterly revenue was up 1.1% on a year-over-year basis. Equities research analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.89%. Columbia Sportswear's payout ratio is 30.69%.

Insider Transactions at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of Columbia Sportswear stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $65.94, for a total transaction of $183,049.44. Following the completion of the transaction, the director owned 128,309 shares of the company's stock, valued at $8,460,695.46. The trade was a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 48.30% of the company's stock.

Hedge Funds Weigh In On Columbia Sportswear

Several hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its stake in Columbia Sportswear by 10.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker's stock worth $101,355,000 after purchasing an additional 109,488 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Columbia Sportswear by 12.7% in the first quarter. American Century Companies Inc. now owns 997,013 shares of the textile maker's stock worth $75,464,000 after purchasing an additional 112,282 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Columbia Sportswear by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker's stock worth $47,372,000 after buying an additional 13,800 shares in the last quarter. Invesco Ltd. boosted its stake in Columbia Sportswear by 25.3% during the fourth quarter. Invesco Ltd. now owns 530,600 shares of the textile maker's stock valued at $44,533,000 after buying an additional 107,157 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Columbia Sportswear during the first quarter worth about $39,222,000. Hedge funds and other institutional investors own 47.76% of the company's stock.

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.