Analysts Set Columbia Sportswear (NASDAQ:COLM) PT at $78.00

Shares of Columbia Sportswear (NASDAQ:COLM) have received an average rating of “Reduce” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $78.00.

A number of research firms have recently commented on COLM. StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. TheStreet raised shares of Columbia Sportswear from a “c+” rating to a “b-” rating in a research report on Monday, December 11th. Finally, UBS Group dropped their target price on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a research report on Friday, February 2nd.

Columbia Sportswear Stock Up 2.0 %

NASDAQ COLM opened at $81.18 on Friday. The stock has a market capitalization of $4.91 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 3.32 and a beta of 0.94. The company has a 50 day moving average price of $80.04 and a two-hundred day moving average price of $77.28. Columbia Sportswear has a 12-month low of $66.01 and a 12-month high of $91.63.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, February 1st. The textile maker reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.14). Columbia Sportswear had a net margin of 7.21% and a return on equity of 14.11%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. As a group, equities analysts anticipate that Columbia Sportswear will post 3.7 EPS for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.48%. The ex-dividend date was Thursday, March 7th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 29.06%.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Ronald E. Nelson sold 5,768 shares of the business’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 sale, the director now owns 16,857 shares of the company’s stock, valued at approximately $1,383,116.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Columbia Sportswear news, Director Ronald E. Nelson sold 5,768 shares of the business’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 sale, the director now owns 16,857 shares of the company’s stock, valued at approximately $1,383,116.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen E. Babson sold 2,411 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $80.98, for a total transaction of $195,242.78. Following the completion of the sale, the director now owns 122,879 shares in the company, valued at approximately $9,950,741.42. The disclosure for this sale can be found here. Insiders own 43.00% of the company’s stock.

Institutional Investors Weigh In On Columbia Sportswear

Institutional investors and hedge funds have recently made changes to their positions in the company. Kapitalo Investimentos Ltda lifted its position in Columbia Sportswear by 9.9% during the 4th quarter. Kapitalo Investimentos Ltda now owns 3,694 shares of the textile maker’s stock worth $294,000 after buying an additional 332 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Columbia Sportswear by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,720 shares of the textile maker’s stock worth $1,887,000 after buying an additional 533 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Columbia Sportswear during the 4th quarter worth about $1,377,000. Public Employees Retirement System of Ohio lifted its position in Columbia Sportswear by 0.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 61,886 shares of the textile maker’s stock worth $4,922,000 after buying an additional 253 shares in the last quarter. Finally, Barclays PLC lifted its position in Columbia Sportswear by 108.8% during the 4th quarter. Barclays PLC now owns 59,566 shares of the textile maker’s stock worth $4,739,000 after buying an additional 31,032 shares in the last quarter. Institutional investors and hedge funds 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.