Columbia Sportswear (NASDAQ:COLM) Receives $75.75 Consensus PT from Brokerages

Shares of Columbia Sportswear (NASDAQ:COLM) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $77.75.

Several research analysts recently issued reports on COLM shares. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd. Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and increased their target price for the company from $84.00 to $92.00 in a report on Monday.

Insider Buying and Selling

In other Columbia Sportswear news, CFO Jim A. Swanson sold 7,199 shares of Columbia Sportswear stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $77.50, for a total value of $557,922.50. Following the sale, the chief financial officer now owns 9,423 shares of the company’s stock, valued at $730,282.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Sabrina Simmons sold 523 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total value of $42,729.10. Following the sale, the director now directly owns 6,483 shares in the company, valued at approximately $529,661.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jim A. Swanson sold 7,199 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $77.50, for a total transaction of $557,922.50. Following the transaction, the chief financial officer now owns 9,423 shares of the company’s stock, valued at approximately $730,282.50. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Columbia Sportswear

A number of institutional investors have recently modified their holdings of COLM. International Assets Investment Management LLC bought a new stake in Columbia Sportswear during the 4th quarter valued at $6,982,000. Charles Schwab Investment Management Inc. lifted its holdings in Columbia Sportswear by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 515,735 shares of the textile maker’s stock worth $41,022,000 after purchasing an additional 18,001 shares in the last quarter. Trexquant Investment LP grew its holdings in Columbia Sportswear by 58.7% during the 4th quarter. Trexquant Investment LP now owns 39,446 shares of the textile maker’s stock valued at $3,138,000 after buying an additional 14,588 shares in the last quarter. Comerica Bank increased its position in shares of Columbia Sportswear by 67.5% during the third quarter. Comerica Bank now owns 57,191 shares of the textile maker’s stock valued at $4,238,000 after buying an additional 23,055 shares during the period. Finally, National Bank of Canada FI purchased a new stake in shares of Columbia Sportswear in the fourth quarter worth about $1,110,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Sportswear Trading Up 2.1 %

COLM opened at $79.17 on Friday. Columbia Sportswear has a 1-year low of $66.01 and a 1-year high of $87.23. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 3.29 and a beta of 0.94. The company’s fifty day moving average price is $81.98 and its two-hundred day moving average price is $80.02.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.36. The company 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 13.98%. The firm’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 EPS. As a group, equities analysts forecast that Columbia Sportswear will post 3.86 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Wednesday, May 15th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 29.27%.

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.