Columbia Sportswear Co. (NASDAQ:COLM) has been given a $72.00 price objective by stock analysts at DA Davidson in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the stock. DA Davidson’s price objective would indicate a potential upside of 23.06% from the company’s current price.

A number of other equities analysts have also weighed in on COLM. B. Riley reiterated a “neutral” rating and set a $64.00 target price on shares of Columbia Sportswear in a research note on Thursday, October 27th. Brean Capital reiterated a “hold” rating on shares of Columbia Sportswear in a research note on Monday, October 31st. KeyCorp assumed coverage on Columbia Sportswear in a research note on Thursday, September 22nd. They set a “sector weight” rating on the stock. Wedbush assumed coverage on Columbia Sportswear in a research note on Tuesday, November 1st. They set an “outperform” rating and a $67.00 target price on the stock. Finally, Buckingham Research assumed coverage on Columbia Sportswear in a research note on Thursday, October 20th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. Columbia Sportswear has a consensus rating of “Hold” and an average price target of $66.00.

Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

Columbia Sportswear (NASDAQ:COLM) opened at 58.51 on Monday. Columbia Sportswear has a 1-year low of $43.56 and a 1-year high of $62.95. The firm has a 50-day moving average price of $58.69 and a 200-day moving average price of $57.08. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 24.26 and a beta of 0.79.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, October 27th. The company reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.01. The company had revenue of $745.71 million for the quarter, compared to analyst estimates of $770.47 million. Columbia Sportswear had a return on equity of 11.42% and a net margin of 7.23%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 earnings per share. On average, analysts expect that Columbia Sportswear will post $2.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 17th will be issued a dividend of $0.18 per share. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 1.23%. Columbia Sportswear’s dividend payout ratio (DPR) is 29.88%.

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In related news, Director Sarah Bany sold 22,906 shares of the firm’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $57.11, for a total transaction of $1,308,161.66. Following the sale, the director now owns 1,604,934 shares of the company’s stock, valued at approximately $91,657,780.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 62.12% of the company’s stock.

Several large investors have recently added to or reduced their stakes in COLM. Huntington National Bank increased its position in shares of Columbia Sportswear by 21.5% in the second quarter. Huntington National Bank now owns 4,426 shares of the company’s stock valued at $255,000 after buying an additional 783 shares during the last quarter. Capital Fund Management S.A. bought a new position in shares of Columbia Sportswear during the second quarter valued at approximately $2,135,000. First Midwest Bank Trust Division increased its position in shares of Columbia Sportswear by 46.2% in the second quarter. First Midwest Bank Trust Division now owns 17,049 shares of the company’s stock valued at $981,000 after buying an additional 5,385 shares during the last quarter. Moody Aldrich Partners LLC increased its position in shares of Columbia Sportswear by 134.7% in the second quarter. Moody Aldrich Partners LLC now owns 16,655 shares of the company’s stock valued at $958,000 after buying an additional 9,560 shares during the last quarter. Finally, HL Financial Services LLC bought a new position in shares of Columbia Sportswear during the second quarter valued at approximately $245,000. 37.06% of the stock is currently owned by institutional investors.

About Columbia Sportswear

Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada.

5 Day Chart for NASDAQ:COLM

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