Columbia Sportswear (NASDAQ:COLM) Given New $84.00 Price Target at TD Cowen

Columbia Sportswear (NASDAQ:COLM) had its price objective hoisted by TD Cowen from $70.00 to $84.00 in a report published on Tuesday,Benzinga reports. They currently have a hold rating on the textile maker’s stock.

Separately, StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $78.75.

Columbia Sportswear Stock Performance

Columbia Sportswear stock opened at $87.16 on Tuesday. The company has a 50 day moving average price of $81.68 and a 200 day moving average price of $81.34. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $88.62. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 24.08, a P/E/G ratio of 3.71 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The firm had revenue of $931.80 million for the quarter, compared to analyst estimates of $937.17 million. During the same period in the previous year, the firm earned $1.70 earnings per share. Columbia Sportswear’s quarterly revenue was down 5.5% on a year-over-year basis. Equities analysts forecast that Columbia Sportswear will post 3.87 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

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

Institutional Trading of Columbia Sportswear

Institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its position in Columbia Sportswear by 44.3% in the second quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock worth $117,107,000 after acquiring an additional 454,738 shares in the last quarter. American Century Companies Inc. grew its position in Columbia Sportswear by 153.3% in the second quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock worth $48,722,000 after acquiring an additional 372,886 shares in the last quarter. AQR Capital Management LLC grew its position in Columbia Sportswear by 149.0% in the second quarter. AQR Capital Management LLC now owns 195,933 shares of the textile maker’s stock worth $15,463,000 after acquiring an additional 117,260 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Columbia Sportswear in the third quarter worth approximately $7,676,000. Finally, Marshall Wace LLP grew its position in Columbia Sportswear by 1,574.3% in the second quarter. Marshall Wace LLP now owns 80,383 shares of the textile maker’s stock worth $6,357,000 after acquiring an additional 75,582 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.