Brokerages Set Columbia Sportswear (NASDAQ:COLM) Target Price at $78.75

Columbia Sportswear (NASDAQ:COLMGet Free Report) has received a consensus recommendation of “Hold” from the four brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $78.75.

COLM has been the subject of a number of research analyst reports. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday. TD Cowen raised their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday.

Check Out Our Latest Stock Analysis on COLM

Columbia Sportswear Stock Up 0.3 %

NASDAQ:COLM opened at $87.16 on Tuesday. The stock has a fifty day simple moving average of $81.68 and a 200 day simple moving average of $81.34. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 3.71 and a beta of 0.92. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $88.62.

Columbia Sportswear (NASDAQ:COLMGet Free Report) last announced its earnings results on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, topping the consensus estimate of $1.36 by $0.20. The company had revenue of $931.80 million during the quarter, compared to analysts’ expectations of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period last year, the company posted $1.70 earnings per share. Equities analysts predict that Columbia Sportswear will post 3.87 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.38%. Columbia Sportswear’s payout ratio is 33.15%.

Institutional Investors Weigh In On Columbia Sportswear

Large investors have recently made changes to their positions in the company. Blue Trust Inc. increased its position in Columbia Sportswear by 116.6% during the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after buying an additional 225 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Columbia Sportswear by 51.3% during the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after acquiring an additional 142 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Columbia Sportswear during the 3rd quarter valued at about $65,000. Dnca Finance bought a new position in shares of Columbia Sportswear in the 2nd quarter valued at approximately $68,000. Finally, nVerses Capital LLC acquired a new stake in Columbia Sportswear in the 3rd quarter worth approximately $75,000. Institutional investors own 47.76% of the company’s stock.

About Columbia Sportswear

(Get Free Report

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.

Further Reading

Receive News & Ratings for Columbia Sportswear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Sportswear and related companies with MarketBeat.com's FREE daily email newsletter.