Columbia Sportswear (NASDAQ:COLM) PT Raised to $84.00 at Stifel Nicolaus

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

A number of other analysts have also recently weighed in on the company. UBS Group lowered their price target on Columbia Sportswear from $62.00 to $59.00 and set a sell rating on the stock in a research report on Friday, February 2nd. StockNews.com cut shares of Columbia Sportswear from a buy rating to a hold rating in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $75.75.

Columbia Sportswear Price Performance

COLM opened at $79.09 on Friday. The firm’s fifty day moving average price is $78.76 and its two-hundred day moving average price is $78.15. The company has a market capitalization of $4.70 billion, a P/E ratio of 19.29, a P/E/G ratio of 3.27 and a beta of 0.94. Columbia Sportswear has a fifty-two week low of $66.01 and a fifty-two week high of $86.11.

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 analysts’ consensus estimates of $0.35 by $0.36. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The business had revenue of $769.98 million for the quarter, compared to analysts’ expectations of $740.62 million. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, equities research analysts expect that Columbia Sportswear will post 3.69 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.52%. Columbia Sportswear’s dividend payout ratio is 29.27%.

Insider Buying and Selling

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,411 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $80.98, for a total value of $195,242.78. Following the completion of the transaction, the director now directly owns 122,879 shares of the company’s stock, valued at $9,950,741.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Stephen E. Babson sold 2,411 shares of Columbia Sportswear stock in a transaction on Monday, February 12th. The stock was sold at an average price of $80.98, for a total value of $195,242.78. Following the completion of the sale, the director now directly owns 122,879 shares of the company’s stock, valued at approximately $9,950,741.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald E. Nelson sold 5,768 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total value 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 disclosure for this sale can be found here. 43.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of COLM. Morgan Stanley lifted its holdings in Columbia Sportswear by 9.2% in the third quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker’s stock valued at $322,530,000 after buying an additional 366,854 shares during the period. Boston Trust Walden Corp grew its position in shares of Columbia Sportswear by 30.9% during the 4th quarter. Boston Trust Walden Corp now owns 1,294,410 shares of the textile maker’s stock worth $102,957,000 after buying an additional 305,592 shares during the period. Norges Bank bought a new stake in shares of Columbia Sportswear in the 4th quarter valued at about $22,526,000. Invesco Ltd. raised its position in shares of Columbia Sportswear by 89.5% in the 3rd quarter. Invesco Ltd. now owns 475,945 shares of the textile maker’s stock valued at $35,268,000 after acquiring an additional 224,755 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its stake 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 during the last quarter. Institutional investors own 47.76% of the company’s stock.

About Columbia Sportswear

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.