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

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

Several other analysts also recently weighed in on the stock. StockNews.com downgraded shares of Columbia Sportswear from a buy rating to a hold rating in a research report on Tuesday, January 9th. UBS Group lowered their price target on Columbia Sportswear from $62.00 to $59.00 and set a sell rating for the company in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $78.60.

Columbia Sportswear Stock Performance

COLM stock opened at $80.00 on Friday. The firm has a 50-day simple moving average of $78.80 and a two-hundred day simple moving average of $77.99. Columbia Sportswear has a one year low of $66.01 and a one year high of $88.17. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 3.24 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.36. The business had revenue of $769.98 million for the quarter, compared to analyst estimates of $740.62 million. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.99%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 earnings per share. As a group, equities analysts predict that Columbia Sportswear will post 3.68 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.50%. The ex-dividend date is Wednesday, May 15th. Columbia Sportswear’s dividend payout ratio (DPR) is 29.27%.

Insider Buying and Selling at Columbia Sportswear

In related news, 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 value of $195,242.78. Following the completion of the transaction, the director now directly owns 122,879 shares in the company, valued at approximately $9,950,741.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Stephen E. Babson sold 2,411 shares of the company’s stock in a transaction dated 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 transaction, the director now 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 is accessible through the SEC website. Also, Director Ronald E. Nelson sold 5,768 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 16,857 shares in the company, valued at $1,383,116.85. The disclosure for this sale can be found here. 43.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Columbia Sportswear

Institutional investors have recently modified their holdings of the stock. Venturi Wealth Management LLC increased its position in shares of Columbia Sportswear by 76.2% during the fourth quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock worth $36,000 after purchasing an additional 195 shares in the last quarter. TFO Wealth Partners LLC raised its holdings in shares of Columbia Sportswear by 11,725.0% during the 4th quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock worth $38,000 after acquiring an additional 469 shares during the period. Fifth Third Bancorp boosted its position in shares of Columbia Sportswear by 44.3% during the 3rd quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 154 shares during the last quarter. Signaturefd LLC boosted its position in shares of Columbia Sportswear by 125.7% during the 3rd quarter. Signaturefd LLC now owns 607 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 338 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in shares of Columbia Sportswear by 79.6% in the fourth quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 273 shares during the period. 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.