Brokerages Set Columbia Sportswear (NASDAQ:COLM) Price Target at $78.00

Columbia Sportswear (NASDAQ:COLM - Get Free Report) has been assigned a consensus rating of "Reduce" from the six analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $78.00.

COLM has been the topic of several research reports. UBS Group dropped their price target on Columbia Sportswear from $62.00 to $59.00 and set a "sell" rating on the stock in a research report on Friday, February 2nd. StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Tuesday, January 9th.

Columbia Sportswear Trading Up 2.4 %

Shares of NASDAQ COLM traded up $1.85 on Tuesday, reaching $78.99. 570,985 shares of the company traded hands, compared to its average volume of 497,679. Columbia Sportswear has a fifty-two week low of $66.01 and a fifty-two week high of $90.04. The company has a 50 day moving average of $78.93 and a 200 day moving average of $77.85. The stock has a market capitalization of $4.70 billion, a PE ratio of 19.14, a P/E/G ratio of 3.13 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its earnings results on Thursday, February 1st. The textile maker reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.00 by ($0.14). Columbia Sportswear had a return on equity of 14.11% and a net margin of 7.21%. The firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.08 billion. As a group, research analysts expect that Columbia Sportswear will post 3.7 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.30 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.20 annualized dividend and a yield of 1.52%. Columbia Sportswear's dividend payout ratio (DPR) is currently 29.06%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Columbia Sportswear

Several large investors have recently made changes to their positions in COLM. Morgan Stanley increased its holdings in shares of Columbia Sportswear by 9.2% in the third quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker's stock worth $322,530,000 after acquiring an additional 366,854 shares in the last quarter. Boston Trust Walden Corp grew its holdings in shares of Columbia Sportswear by 30.9% during the fourth quarter. Boston Trust Walden Corp now owns 1,294,410 shares of the textile maker's stock worth $102,957,000 after buying an additional 305,592 shares in the last quarter. Norges Bank bought a new position in shares of Columbia Sportswear during the fourth quarter worth about $22,526,000. Invesco Ltd. grew its holdings in shares of Columbia Sportswear by 89.5% during the third quarter. Invesco Ltd. now owns 475,945 shares of the textile maker's stock worth $35,268,000 after buying an additional 224,755 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in shares of Columbia Sportswear by 13.4% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,469,768 shares of the textile maker's stock worth $108,910,000 after buying an additional 173,291 shares in the last quarter. Institutional investors and hedge funds 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.