Stifel Nicolaus Raises Columbia Sportswear (NASDAQ:COLM) Price Target to $84.00

Columbia Sportswear (NASDAQ:COLM - Free Report) had its price target raised by Stifel Nicolaus from $75.00 to $84.00 in a report issued on Friday morning, Benzinga reports. The brokerage currently has a hold rating on the textile maker's stock.

COLM has been the subject of several other research reports. UBS Group dropped their price target on shares of Columbia Sportswear from $62.00 to $59.00 and set a sell rating for the company in a research report on Friday, February 2nd. StockNews.com lowered shares of Columbia Sportswear from a buy rating to a hold rating in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to data from MarketBeat, Columbia Sportswear presently has an average rating of Hold and an average price target of $78.60.

Columbia Sportswear Stock Up 1.3 %

Shares of COLM traded up $0.99 on Friday, hitting $80.00. 1,713,696 shares of the stock traded hands, compared to its average volume of 517,802. The firm has a market capitalization of $4.76 billion, a P/E ratio of 19.76, a P/E/G ratio of 3.27 and a beta of 0.94. The stock's 50 day moving average is $78.82 and its two-hundred day moving average is $77.92. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $88.17.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The textile maker reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.36. The business had revenue of $769.98 million for the quarter, compared to the consensus estimate of $740.62 million. Columbia Sportswear had a net margin of 7.21% and a return on equity of 14.11%. The company's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Research analysts forecast that Columbia Sportswear will post 3.68 EPS for the current year.

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. Columbia Sportswear's payout ratio is currently 29.06%.

Insider Transactions at Columbia Sportswear

In related news, Director Ronald E. Nelson sold 5,768 shares of the firm's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total transaction of $473,264.40. Following the completion of the sale, the director now directly owns 16,857 shares of the company's stock, valued at approximately $1,383,116.85. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Ronald E. Nelson sold 5,768 shares of the firm's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total transaction of $473,264.40. Following the completion of the sale, the director now directly owns 16,857 shares of the company's stock, valued at approximately $1,383,116.85. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephen E. Babson sold 2,411 shares of the firm's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $80.98, for a total transaction of $195,242.78. Following the sale, the director now directly owns 122,879 shares of the company's stock, valued at $9,950,741.42. The disclosure for this sale can be found here. Company insiders own 43.00% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in COLM. Venturi Wealth Management LLC boosted its stake in Columbia Sportswear by 76.2% during the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker's stock valued at $36,000 after acquiring an additional 195 shares during the last quarter. Fifth Third Bancorp boosted its stake in Columbia Sportswear by 44.3% during the 3rd quarter. Fifth Third Bancorp now owns 502 shares of the textile maker's stock valued at $37,000 after acquiring an additional 154 shares during the last quarter. TFO Wealth Partners LLC boosted its stake in Columbia Sportswear by 11,725.0% during the 4th quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker's stock valued at $38,000 after acquiring an additional 469 shares during the last quarter. Signaturefd LLC boosted its stake in Columbia Sportswear by 125.7% during the 3rd quarter. Signaturefd LLC now owns 607 shares of the textile maker's stock valued at $45,000 after acquiring an additional 338 shares during the last quarter. Finally, Quent Capital LLC boosted its stake in Columbia Sportswear by 79.6% during the 4th quarter. Quent Capital LLC now owns 616 shares of the textile maker's stock valued at $49,000 after acquiring an additional 273 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors.

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.