Columbia Sportswear (NASDAQ:COLM) Price Target Increased to $84.00 by Analysts at Stifel Nicolaus

Columbia Sportswear (NASDAQ:COLM) had its price target raised by Stifel Nicolaus from $75.00 to $84.00 in a research report sent to investors on Friday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the textile maker’s stock.

Other equities analysts also recently issued reports about the stock. StockNews.com downgraded shares of Columbia Sportswear from a buy rating to a hold rating in a report on Tuesday, January 9th. UBS Group dropped their price objective on shares of Columbia Sportswear from $62.00 to $59.00 and set a sell rating for the company in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $78.60.

Columbia Sportswear Price Performance

COLM opened at $80.00 on Friday. The stock’s 50 day simple moving average is $78.80 and its 200 day simple moving average is $77.99. The stock has a market cap of $4.76 billion, a P/E ratio of 19.51, a P/E/G ratio of 3.24 and a beta of 0.94. Columbia Sportswear has a 1-year low of $66.01 and a 1-year high of $88.17.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.36. Columbia Sportswear had a return on equity of 13.99% and a net margin of 7.20%. The company had revenue of $769.98 million for the quarter, compared to analyst estimates of $740.62 million. During the same quarter in the prior year, the company earned $0.74 earnings per share. Columbia Sportswear’s revenue was down 6.2% compared to the same quarter last year. Research analysts expect that Columbia Sportswear will post 3.68 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 1.50%. Columbia Sportswear’s payout ratio is currently 29.27%.

Insiders Place Their Bets

In other news, Director Ronald E. Nelson sold 5,768 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total transaction of $473,264.40. Following the transaction, the director now directly owns 16,857 shares in the company, valued at approximately $1,383,116.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Ronald E. Nelson sold 5,768 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 16,857 shares of the company’s stock, valued at $1,383,116.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen E. Babson sold 2,411 shares of Columbia Sportswear 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 completion of the transaction, the director now owns 122,879 shares in the company, valued at approximately $9,950,741.42. The disclosure for this sale can be found here. 43.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Columbia Sportswear

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley increased its position in Columbia Sportswear by 9.2% during the 3rd quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker’s stock worth $322,530,000 after purchasing an additional 366,854 shares in the last quarter. Boston Trust Walden Corp increased its holdings in Columbia Sportswear by 30.9% in the 4th quarter. Boston Trust Walden Corp now owns 1,294,410 shares of the textile maker’s stock valued at $102,957,000 after purchasing an additional 305,592 shares in the last quarter. Norges Bank acquired a new position in shares of Columbia Sportswear during the fourth quarter worth about $22,526,000. Invesco Ltd. grew its stake in shares of Columbia Sportswear by 89.5% in the third quarter. Invesco Ltd. now owns 475,945 shares of the textile maker’s stock valued at $35,268,000 after buying an additional 224,755 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Columbia Sportswear by 13.4% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,469,768 shares of the textile maker’s stock worth $108,910,000 after acquiring an additional 173,291 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

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.