Stifel Nicolaus Has Lowered Expectations for Columbia Sportswear (NASDAQ:COLM) Stock Price

Columbia Sportswear (NASDAQ:COLM) had its price target decreased by Stifel Nicolaus from $100.00 to $91.00 in a report released on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the textile maker’s stock.

COLM has been the topic of a number of other research reports. Citigroup restated a “neutral” rating and set a $68.00 price objective (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $80.75.

Columbia Sportswear Stock Performance

Shares of NASDAQ:COLM opened at $65.62 on Thursday. Columbia Sportswear has a 1 year low of $59.07 and a 1 year high of $92.88. The stock has a 50-day simple moving average of $79.05 and a 200-day simple moving average of $82.45. The stock has a market capitalization of $3.63 billion, a P/E ratio of 16.96, a PEG ratio of 2.54 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. Analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.30 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 1.83%. Columbia Sportswear’s payout ratio is currently 31.01%.

Insider Transactions at Columbia Sportswear

In other Columbia Sportswear news, EVP Richelle T. Luther sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total value of $369,440.00. Following the transaction, the executive vice president now directly owns 14,283 shares of the company’s stock, valued at $1,319,177.88. This represents a 21.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ronald E. Nelson sold 6,395 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.74, for a total transaction of $522,727.30. Following the sale, the director now directly owns 17,048 shares of the company’s stock, valued at $1,393,503.52. The trade was a 27.28 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 44.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in COLM. Deutsche Bank AG increased its position in shares of Columbia Sportswear by 3.7% in the 4th quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker’s stock worth $328,000 after purchasing an additional 141 shares during the last quarter. Signaturefd LLC grew its stake in Columbia Sportswear by 18.4% in the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker’s stock worth $77,000 after purchasing an additional 142 shares in the last quarter. Cairn Investment Group Inc. increased its holdings in Columbia Sportswear by 0.3% in the fourth quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker’s stock valued at $3,750,000 after buying an additional 145 shares during the last quarter. Amalgamated Bank raised its stake in Columbia Sportswear by 1.0% during the fourth quarter. Amalgamated Bank now owns 15,337 shares of the textile maker’s stock valued at $1,287,000 after buying an additional 146 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Columbia Sportswear by 43.2% during the 4th quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock worth $50,000 after buying an additional 181 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors.

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.