Stifel Nicolaus Issues Pessimistic Forecast for Columbia Sportswear (NASDAQ:COLM) Stock Price

Columbia Sportswear (NASDAQ:COLM - Free Report) had its price objective decreased by Stifel Nicolaus from $91.00 to $75.00 in a research report report published on Friday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the textile maker's stock.

COLM has been the subject of a number of other reports. Barclays assumed coverage on Columbia Sportswear in a research note on Monday, April 28th. They issued an "equal weight" rating and a $64.00 price target for the company. Citigroup reaffirmed a "neutral" rating and set a $68.00 target price (down from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. UBS Group raised their price objective on Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research report on Monday, April 14th. Finally, StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $70.00.

Columbia Sportswear Stock Up 1.8 %

Shares of NASDAQ:COLM traded up $1.15 during trading on Friday, reaching $64.36. 398,831 shares of the company traded hands, compared to its average volume of 571,413. The firm has a market capitalization of $3.55 billion, a PE ratio of 16.61, a PEG ratio of 2.54 and a beta of 1.00. The company's 50 day moving average is $71.79 and its two-hundred day moving average is $80.35. Columbia Sportswear has a 52 week low of $58.44 and a 52 week high of $92.88.

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 6.63% and a return on equity of 12.23%. The company had revenue of $778.45 million during the quarter, compared to the consensus estimate of $763.50 million. During the same quarter in the prior year, the firm posted $0.71 EPS. The firm's quarterly revenue was up 1.1% on a year-over-year basis. As a group, research analysts anticipate that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a $0.30 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $1.20 annualized dividend and a dividend yield of 1.86%. Columbia Sportswear's payout ratio is currently 30.69%.

Insider Activity

In related news, EVP Richelle T. Luther sold 4,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the transaction, the executive vice president now owns 14,283 shares in the company, valued at $1,319,177.88. The trade was a 21.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald E. Nelson sold 6,395 shares of the company'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 transaction, the director now owns 17,048 shares of the company's stock, valued at approximately $1,393,503.52. This represents a 27.28 % 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 large investors have recently modified their holdings of COLM. Franklin Resources Inc. increased its position in Columbia Sportswear by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 212,061 shares of the textile maker's stock valued at $16,950,000 after buying an additional 4,425 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Columbia Sportswear by 43.2% during the 4th quarter. GAMMA Investing LLC now owns 600 shares of the textile maker's stock valued at $50,000 after buying an additional 181 shares during the period. Assenagon Asset Management S.A. bought a new stake in Columbia Sportswear during the fourth quarter valued at approximately $6,356,000. Impact Partnership Wealth LLC purchased a new stake in Columbia Sportswear in the fourth quarter worth about $240,000. Finally, Blue Trust Inc. boosted its position in shares of Columbia Sportswear by 33.6% in the fourth quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock worth $78,000 after purchasing an additional 237 shares during the period. Institutional investors own 47.76% of the company's stock.

About Columbia Sportswear

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.