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

Columbia Sportswear (NASDAQ:COLM) had its price target increased by Stifel Nicolaus from $75.00 to $84.00 in a research note released on Friday morning, Benzinga reports. The firm currently has a hold rating on the textile maker’s stock.

Several other equities analysts have also commented on COLM. UBS Group dropped their price target on shares of Columbia Sportswear from $62.00 to $59.00 and set a sell rating on the stock in a research note on Friday, February 2nd. StockNews.com lowered shares of Columbia Sportswear from a buy rating to a hold rating in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $75.75.

Columbia Sportswear Stock Performance

COLM stock opened at $80.00 on Friday. The company’s 50 day moving average price is $78.80 and its 200 day moving average price is $78.09. Columbia Sportswear has a fifty-two week low of $66.01 and a fifty-two week high of $88.17. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 3.28 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last released 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. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.99%. The firm had revenue of $769.98 million for the quarter, compared to analyst estimates of $740.62 million. During the same period in the prior year, the firm earned $0.74 earnings per share. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. Equities analysts forecast that Columbia Sportswear will post 3.69 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.50%. Columbia Sportswear’s dividend payout ratio is presently 29.27%.

Insider Buying and Selling

In other news, Director Ronald E. Nelson sold 5,768 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total value of $473,264.40. Following the transaction, the director now owns 16,857 shares of the company’s stock, valued at $1,383,116.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Stephen E. Babson sold 2,411 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $80.98, for a total transaction of $195,242.78. Following the transaction, the director now directly owns 122,879 shares in the company, valued at $9,950,741.42. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald E. Nelson sold 5,768 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total transaction of $473,264.40. Following the transaction, the director now owns 16,857 shares in the company, valued at $1,383,116.85. The disclosure for this sale can be found here. Corporate insiders own 43.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in shares of Columbia Sportswear by 44.3% during the third quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock worth $37,000 after acquiring an additional 154 shares during the period. Venturi Wealth Management LLC grew its position in 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 buying an additional 195 shares during the period. Louisiana State Employees Retirement System grew its position in Columbia Sportswear by 2.1% during the first quarter. Louisiana State Employees Retirement System now owns 9,900 shares of the textile maker’s stock worth $804,000 after buying an additional 200 shares during the period. State of Michigan Retirement System grew its position in Columbia Sportswear by 2.4% during the first quarter. State of Michigan Retirement System now owns 8,474 shares of the textile maker’s stock worth $688,000 after buying an additional 200 shares during the period. Finally, Cascade Investment Advisors Inc. grew its position in Columbia Sportswear by 1.0% during the fourth quarter. Cascade Investment Advisors Inc. now owns 20,085 shares of the textile maker’s stock worth $1,598,000 after buying an additional 205 shares during the period. 47.76% of the stock is currently owned by institutional investors and hedge funds.

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.