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

Shares of Columbia Sportswear (NASDAQ:COLM - Get Free Report) have been assigned a consensus rating of "Hold" from the seven ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $70.00.

A number of equities analysts have recently commented on COLM shares. Stifel Nicolaus dropped their price target on shares of Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Citigroup reiterated a "neutral" rating and issued a $68.00 target price (down previously from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. Needham & Company LLC initiated coverage on shares of Columbia Sportswear in a report on Friday, May 30th. They set a "hold" rating for the company. UBS Group raised their price target on Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research report on Monday, April 14th. Finally, Wall Street Zen cut Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th.

Insider Activity

In related news, Director Stephen E. Babson sold 2,776 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $65.94, for a total value of $183,049.44. Following the sale, the director now owns 128,309 shares of the company's stock, valued at $8,460,695.46. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 44.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Columbia Sportswear

A number of hedge funds have recently modified their holdings of COLM. Deutsche Bank AG boosted its stake in shares of Columbia Sportswear by 3.7% in the 4th quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker's stock valued at $328,000 after purchasing an additional 141 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Columbia Sportswear by 18.4% in the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock worth $77,000 after acquiring an additional 142 shares in the last quarter. Amalgamated Bank boosted its stake in Columbia Sportswear by 1.0% in the fourth quarter. Amalgamated Bank now owns 15,337 shares of the textile maker's stock worth $1,287,000 after purchasing an additional 146 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Columbia Sportswear by 184.8% during the fourth 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 last quarter. Finally, Blue Trust Inc. increased its stake 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 valued at $78,000 after buying an additional 237 shares in the last quarter. 47.76% of the stock is owned by institutional investors and hedge funds.

Columbia Sportswear Trading Down 0.4%

Columbia Sportswear stock traded down $0.24 during mid-day trading on Tuesday, hitting $61.55. 629,151 shares of the company's stock were exchanged, compared to its average volume of 597,752. Columbia Sportswear has a 1-year low of $58.44 and a 1-year high of $92.88. The stock has a 50 day moving average of $65.89 and a two-hundred day moving average of $78.22. The stock has a market cap of $3.40 billion, a P/E ratio of 15.90, a P/E/G ratio of 2.54 and a beta of 1.00.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The textile maker reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. 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 company posted $0.71 EPS. The firm's revenue was up 1.1% on a year-over-year basis. As a group, research analysts predict that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be given a $0.30 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.95%. Columbia Sportswear's dividend payout ratio is currently 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.