Columbia Sportswear Company (NASDAQ:COLM) Stock Has Consensus Price Target of $66.40 According to Analysts

Shares of Columbia Sportswear Company (NASDAQ:COLM) have been given an average rating of “Hold” by the six analysts that are currently covering the company, Marketbeat.com reports. One 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 company. The average twelve-month price objective among analysts that have covered the stock in the last year is $66.40.

A number of equities analysts recently weighed in on COLM shares. Wall Street Zen upgraded shares of Columbia Sportswear from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 7th. Zacks Research cut shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Stifel Nicolaus set a $67.00 price objective on shares of Columbia Sportswear and gave the company a “buy” rating in a research report on Friday, July 31st. Robert W. Baird set a $65.00 price objective on shares of Columbia Sportswear in a research report on Friday, July 31st. Finally, UBS Group restated a “sell” rating and set a $49.00 price objective (up from $47.00) on shares of Columbia Sportswear in a research note on Friday, October 30th.

Insider Buying and Selling

In other Columbia Sportswear news, insider Joseph Boyle sold 19,129 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $70.47, for a total transaction of $1,348,020.63. Following the transaction, the insider owned 2,776,714 shares of the company’s stock, valued at $195,675,035.58. The trade was a 0.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lisa Kulok sold 6,857 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $68.47, for a total value of $469,498.79. Following the transaction, the executive vice president directly owned 8,180 shares in the company, valued at approximately $560,084.60. This trade represents a 45.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 26,361 shares of company stock worth $1,844,073. Company insiders own 51.90% of the company’s stock.

Institutional Investors Weigh In On Columbia Sportswear

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Columbia Sportswear during the 2nd quarter worth about $152,164,000. Tassel Capital Management Inc. bought a new position in Columbia Sportswear in the 2nd quarter valued at about $10,085,000. Dimensional Fund Advisors LP raised its holdings in Columbia Sportswear by 15.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,222,770 shares of the textile maker’s stock valued at $121,824,000 after acquiring an additional 301,277 shares during the period. Bank of New York Mellon Corp bought a new position in Columbia Sportswear in the 2nd quarter valued at about $16,691,000. Finally, Bank of America Corp DE acquired a new stake in Columbia Sportswear during the second quarter worth approximately $15,746,000. Institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Stock Up 2.6%

Shares of NASDAQ:COLM traded up $1.83 during midday trading on Tuesday, reaching $73.47. The company had a trading volume of 534,477 shares, compared to its average volume of 871,149. The business’s 50 day moving average price is $61.09 and its 200 day moving average price is $60.63. The stock has a market cap of $3.70 billion, a PE ratio of 16.11 and a beta of 0.88. Columbia Sportswear has a 1-year low of $49.56 and a 1-year high of $73.73.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, October 29th. The textile maker reported $1.66 EPS for the quarter, beating the consensus estimate of $1.28 by $0.38. The firm had revenue of $962.58 million during the quarter, compared to analysts’ expectations of $944.91 million. Columbia Sportswear had a return on equity of 11.71% and a net margin of 6.97%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.41 earnings per share. On average, research analysts expect that Columbia Sportswear will post 4.89 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, November 19th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 26.32%.

Columbia Sportswear Company Profile

Columbia Sportswear Company designs, sources, markets and distributes outdoor and active-lifestyle apparel, footwear, accessories and equipment. Its products serve activities such as hiking, skiing, fishing and other outdoor pursuits, as well as everyday wear. The company’s portfolio includes the Columbia, SOREL, Mountain Hardwear and prAna brands. Its offerings range from jackets, shirts and pants to boots, shoes, backpacks and other outdoor accessories. Founded in 1938 as a hat distributor in Portland, Oregon, Columbia Sportswear has grown into a global business.