Brokerages Set Columbia Sportswear (NASDAQ:COLM) Price Target at $70.00

Shares of Columbia Sportswear (NASDAQ:COLM - Get Free Report) have earned an average rating of "Hold" from the six research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $70.00.

COLM has been the subject of several analyst reports. StockNews.com cut Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Citigroup restated a "neutral" rating and issued a $68.00 target price (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. UBS Group boosted 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. Stifel Nicolaus reduced their price objective on shares of Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Barclays decreased their target price on shares of Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd.

Insider Transactions at Columbia Sportswear

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

Institutional Investors Weigh In On Columbia Sportswear

A number of institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in Columbia Sportswear by 184.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock worth $25,000 after purchasing an additional 194 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Columbia Sportswear in the 1st quarter worth approximately $38,000. Whipplewood Advisors LLC grew its position in shares of Columbia Sportswear by 12,400.0% during the first quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker's stock worth $47,000 after acquiring an additional 620 shares during the last quarter. GAMMA Investing LLC increased its holdings 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 worth $50,000 after acquiring an additional 181 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in Columbia Sportswear during the 4th quarter valued at about $76,000. Hedge funds and other institutional investors own 47.76% of the company's stock.

Columbia Sportswear Trading Down 1.7 %

COLM stock traded down $1.12 on Friday, hitting $66.12. The company's stock had a trading volume of 812,878 shares, compared to its average volume of 579,638. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 2.54 and a beta of 1.00. The firm has a 50 day moving average of $70.66 and a two-hundred day moving average of $80.10. Columbia Sportswear has a 1 year low of $58.44 and a 1 year high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its earnings results on Thursday, May 1st. The textile maker reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. The business had revenue of $778.45 million during the quarter, compared to analysts' expectations of $763.50 million. During the same period in the prior year, the company earned $0.71 earnings per share. The business's revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts forecast that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 1.81%. Columbia Sportswear's payout ratio is 30.69%.

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.