Cowen set a $74.00 price objective on Columbia Sportswear (NASDAQ:COLM) in a research report sent to investors on Monday. The brokerage currently has a hold rating on the textile maker’s stock.

A number of other equities research analysts have also weighed in on COLM. B. Riley reaffirmed a buy rating on shares of Columbia Sportswear in a research report on Wednesday, November 1st. Robert W. Baird boosted their price target on Columbia Sportswear from $84.00 to $87.00 and gave the stock an outperform rating in a research report on Friday. BidaskClub raised Columbia Sportswear from a buy rating to a strong-buy rating in a research report on Wednesday, February 7th. Canaccord Genuity set a $70.00 price target on Columbia Sportswear and gave the stock a hold rating in a research report on Thursday, February 8th. Finally, Citigroup boosted their price target on Columbia Sportswear from $82.00 to $84.00 and gave the stock a buy rating in a research report on Friday. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $76.87.

Shares of Columbia Sportswear (COLM) traded up $1.36 during midday trading on Monday, reaching $74.66. The company’s stock had a trading volume of 426,616 shares, compared to its average volume of 261,077. The company has a market cap of $5,359.53, a price-to-earnings ratio of 50.11, a PEG ratio of 2.39 and a beta of 0.95. Columbia Sportswear has a 1-year low of $51.56 and a 1-year high of $79.21.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, February 8th. The textile maker reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.16. The business had revenue of $776.00 million during the quarter, compared to analyst estimates of $762.18 million. Columbia Sportswear had a return on equity of 12.73% and a net margin of 4.26%. Columbia Sportswear’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. research analysts expect that Columbia Sportswear will post 3.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Friday, March 9th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.18%. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, March 8th. Columbia Sportswear’s payout ratio is 51.01%.

In related news, Director Walter Klenz sold 11,608 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $66.05, for a total transaction of $766,708.40. Following the transaction, the director now directly owns 21,619 shares in the company, valued at approximately $1,427,934.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 58.86% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC grew its stake in Columbia Sportswear by 1,788.8% during the 4th quarter. Advisory Services Network LLC now owns 2,021 shares of the textile maker’s stock worth $145,000 after buying an additional 1,914 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in Columbia Sportswear by 10.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock worth $149,000 after buying an additional 234 shares during the last quarter. Advisor Group Inc. grew its stake in Columbia Sportswear by 11.2% during the 2nd quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock worth $195,000 after buying an additional 339 shares during the last quarter. Martingale Asset Management L P purchased a new position in Columbia Sportswear during the 4th quarter worth $202,000. Finally, Invictus RG purchased a new position in Columbia Sportswear during the 3rd quarter worth $207,000. Hedge funds and other institutional investors own 38.32% of the company’s stock.

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About Columbia Sportswear

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

Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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