Columbia Sportswear (NASDAQ:COLM) Receives $112.00 Average PT from Brokerages

Shares of Columbia Sportswear (NASDAQ:COLM) have been assigned an average rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $115.17.

COLM has been the topic of several recent research reports. Bank of America lowered Columbia Sportswear from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $137.00 to $108.00 in a research report on Tuesday, October 5th. Pivotal Research reissued a “hold” rating and set a $116.00 price target on shares of Columbia Sportswear in a research report on Wednesday, July 28th. TheStreet raised Columbia Sportswear from a “c+” rating to a “b-” rating in a research report on Wednesday, June 16th. Finally, Zacks Investment Research lowered Columbia Sportswear from a “buy” rating to a “hold” rating and set a $104.00 target price on the stock. in a research report on Tuesday, October 5th.

Shares of Columbia Sportswear stock opened at $95.50 on Monday. Columbia Sportswear has a twelve month low of $73.11 and a twelve month high of $114.98. The stock has a market capitalization of $6.30 billion, a P/E ratio of 24.93, a PEG ratio of 0.66 and a beta of 0.87. The business’s fifty day moving average price is $100.46 and its 200 day moving average price is $102.49.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Sunday, August 1st. The textile maker reported $0.61 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.69. The firm had revenue of $566.37 million for the quarter, compared to analyst estimates of $503.02 million. Columbia Sportswear had a return on equity of 14.00% and a net margin of 9.08%. Columbia Sportswear’s revenue for the quarter was up 78.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.77) EPS. As a group, analysts predict that Columbia Sportswear will post 4.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 26th. Shareholders of record on Thursday, August 12th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Wednesday, August 11th. Columbia Sportswear’s payout ratio is 64.20%.

In related news, EVP Lisa Kulok sold 525 shares of the company’s stock in a transaction that occurred on Tuesday, August 31st. The stock was sold at an average price of $103.13, for a total transaction of $54,143.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 40.33% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Robeco Schweiz AG raised its position in shares of Columbia Sportswear by 13.4% during the 3rd quarter. Robeco Schweiz AG now owns 348,689 shares of the textile maker’s stock valued at $33,418,000 after acquiring an additional 41,114 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Columbia Sportswear by 12.7% during the 3rd quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the textile maker’s stock valued at $853,000 after acquiring an additional 1,000 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Columbia Sportswear by 64.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,827 shares of the textile maker’s stock valued at $749,000 after acquiring an additional 3,080 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Columbia Sportswear by 1.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 154,550 shares of the textile maker’s stock worth $15,202,000 after buying an additional 1,633 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Columbia Sportswear during the 2nd quarter worth $324,000. 46.64% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Company Profile

Columbia Sportswear Co engages in designing, sourcing, marketing, and distributing outdoor and active lifestyle apparel, footwear, accessories, and equipment. It operates through the following geographical segments: the United States; Latin America and Asia Pacific; Europe, Middle East, and Africa; and Canada.

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Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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