Columbia Sportswear (NASDAQ:COLM) Upgraded at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Columbia Sportswear (NASDAQ:COLM) from a hold rating to a buy rating in a research note published on Monday morning, MarketBeat Ratings reports. They currently have $92.00 price target on the textile maker’s stock, up from their previous price target of $84.00.

Separately, StockNews.com upgraded Columbia Sportswear from a hold rating to a buy rating in a research report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $77.75.

Columbia Sportswear Stock Performance

Columbia Sportswear stock opened at $77.55 on Monday. The firm has a market cap of $4.58 billion, a P/E ratio of 18.91, a P/E/G ratio of 3.29 and a beta of 0.94. The business’s fifty day moving average is $82.02 and its two-hundred day moving average is $80.02. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, April 25th. The textile maker reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.36. The company had revenue of $769.98 million for the quarter, compared to analyst estimates of $740.62 million. Columbia Sportswear had a return on equity of 13.98% and a net margin of 7.20%. The business’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. On average, equities research analysts predict that Columbia Sportswear will post 3.86 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were paid a $0.30 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.55%. Columbia Sportswear’s payout ratio is 29.27%.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Sabrina Simmons sold 523 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total value of $42,729.10. Following the completion of the transaction, the director now directly owns 6,483 shares of the company’s stock, valued at $529,661.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Sabrina Simmons sold 523 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total transaction of $42,729.10. Following the completion of the transaction, the director now directly owns 6,483 shares of the company’s stock, valued at $529,661.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jim A. Swanson sold 7,199 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $77.50, for a total value of $557,922.50. Following the transaction, the chief financial officer now directly owns 9,423 shares of the company’s stock, valued at $730,282.50. The disclosure for this sale can be found here. Insiders own 44.70% of the company’s stock.

Institutional Trading of Columbia Sportswear

Several institutional investors and hedge funds have recently bought and sold shares of COLM. The Manufacturers Life Insurance Company raised its stake in Columbia Sportswear by 1.5% in the third quarter. The Manufacturers Life Insurance Company now owns 318,305 shares of the textile maker’s stock valued at $23,586,000 after buying an additional 4,684 shares during the period. Morgan Stanley increased its stake in shares of Columbia Sportswear by 9.2% during the third 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 during the period. Comerica Bank increased its stake in shares of Columbia Sportswear by 67.5% during the third quarter. Comerica Bank now owns 57,191 shares of the textile maker’s stock worth $4,238,000 after purchasing an additional 23,055 shares during the period. Walleye Capital LLC bought a new position in shares of Columbia Sportswear during the third quarter worth approximately $4,204,000. Finally, Graham Capital Management L.P. increased its stake in shares of Columbia Sportswear by 122.1% during the third quarter. Graham Capital Management L.P. now owns 15,352 shares of the textile maker’s stock worth $1,138,000 after purchasing an additional 8,440 shares during the period. Institutional investors own 47.76% of the company’s stock.

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.