Columbia Sportswear (NASDAQ:COLM) Receives $77.00 Consensus Target Price from Analysts

Shares of Columbia Sportswear (NASDAQ:COLM - Get Free Report) have been assigned a consensus rating of "Hold" from the five brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $77.00.

COLM has been the subject of a number of research analyst reports. Stifel Nicolaus upgraded Columbia Sportswear from a "hold" rating to a "buy" rating and raised their target price for the company from $84.00 to $92.00 in a research note on Monday, July 8th. Wedbush reissued a "neutral" rating and issued a $80.00 price target on shares of Columbia Sportswear in a research report on Thursday, July 18th. Finally, StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Monday, July 29th.

Columbia Sportswear Stock Performance

Shares of NASDAQ COLM traded down $0.38 during trading hours on Monday, hitting $83.36. The company's stock had a trading volume of 225,373 shares, compared to its average volume of 484,762. Columbia Sportswear has a 12 month low of $66.01 and a 12 month high of $87.23. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 2.94 and a beta of 0.94. The business has a 50-day simple moving average of $79.69 and a 200-day simple moving average of $80.29.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) earnings per share for the quarter, topping analysts' consensus estimates of ($0.34) by $0.14. The firm had revenue of $570.20 million for the quarter, compared to analyst estimates of $569.37 million. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The business's quarterly revenue was down 8.2% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. On average, equities research analysts forecast that Columbia Sportswear will post 3.85 EPS for the current year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Thursday, August 15th. Columbia Sportswear's dividend payout ratio (DPR) is currently 29.27%.

Institutional Investors Weigh In On Columbia Sportswear

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. lifted its stake in Columbia Sportswear by 116.6% during the 2nd quarter. Blue Trust Inc. now owns 418 shares of the textile maker's stock valued at $34,000 after acquiring an additional 225 shares during the period. TFO Wealth Partners LLC boosted its holdings in Columbia Sportswear by 11,725.0% in the fourth quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker's stock worth $38,000 after purchasing an additional 469 shares during the last quarter. Headlands Technologies LLC boosted its holdings in Columbia Sportswear by 174.8% in the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker's stock worth $49,000 after purchasing an additional 381 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in Columbia Sportswear in the 1st quarter worth approximately $64,000. Finally, Dnca Finance purchased a new stake in Columbia Sportswear during the 2nd quarter valued at $68,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

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.