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

Columbia Sportswear (NASDAQ:COLM) had its price target upped by TD Cowen from $70.00 to $84.00 in a research note published on Tuesday,Benzinga reports. They currently have a hold rating on the textile maker’s stock.

Separately, StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $78.75.

Columbia Sportswear Stock Up 0.1 %

COLM stock opened at $87.24 on Tuesday. The stock has a 50-day simple moving average of $81.87 and a two-hundred day simple moving average of $81.40. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $88.62. The firm has a market capitalization of $4.99 billion, a PE ratio of 24.10, a PEG ratio of 3.66 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The business had revenue of $931.80 million for the quarter, compared to analyst estimates of $937.17 million. During the same quarter in the prior year, the firm posted $1.70 EPS. Columbia Sportswear’s revenue was down 5.5% on a year-over-year basis. On average, equities research analysts anticipate that Columbia Sportswear will post 3.89 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Wednesday, November 20th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 33.15%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Columbia Sportswear by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock worth $257,373,000 after purchasing an additional 21,104 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Columbia Sportswear by 1.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 24,707 shares of the textile maker’s stock worth $2,005,000 after buying an additional 413 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Columbia Sportswear by 4.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,690 shares of the textile maker’s stock valued at $2,005,000 after acquiring an additional 970 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Columbia Sportswear by 7.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,698 shares of the textile maker’s stock worth $348,000 after acquiring an additional 336 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of Columbia Sportswear during the first quarter worth approximately $845,000. 47.76% of the stock is currently 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.