Columbia Sportswear (NASDAQ:COLM) Price Target Raised to $100.00 at Stifel Nicolaus

Columbia Sportswear (NASDAQ:COLM) had its target price upped by Stifel Nicolaus from $92.00 to $100.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the textile maker’s stock.

COLM has been the topic of several other research reports. TD Cowen raised their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Columbia Sportswear presently has an average rating of “Hold” and an average target price of $80.75.

Columbia Sportswear Trading Up 0.1 %

NASDAQ:COLM opened at $88.74 on Wednesday. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 3.74 and a beta of 0.94. The business’s 50-day moving average price is $83.26 and its two-hundred day moving average price is $81.71. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $91.24.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. The business had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. Columbia Sportswear’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period last year, the company posted $1.70 EPS. Sell-side analysts predict that Columbia Sportswear will post 3.89 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.35%. Columbia Sportswear’s payout ratio is 33.15%.

Institutional Investors Weigh In On Columbia Sportswear

A number of hedge funds and other institutional investors have recently made changes to their positions in COLM. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Columbia Sportswear in the 2nd quarter valued at about $253,000. Blue Trust Inc. raised its position in Columbia Sportswear by 116.6% in the 2nd quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock valued at $34,000 after buying an additional 225 shares during the last quarter. Boston Trust Walden Corp raised its position in Columbia Sportswear by 1.1% in the 2nd quarter. Boston Trust Walden Corp now owns 1,304,761 shares of the textile maker’s stock valued at $103,180,000 after buying an additional 13,636 shares during the last quarter. Bank of New York Mellon Corp raised its position in Columbia Sportswear by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 425,483 shares of the textile maker’s stock valued at $33,647,000 after buying an additional 15,375 shares during the last quarter. Finally, Legato Capital Management LLC raised its position in Columbia Sportswear by 16.2% in the 2nd quarter. Legato Capital Management LLC now owns 23,150 shares of the textile maker’s stock valued at $1,831,000 after buying an additional 3,231 shares during the last quarter. 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.