Brokerages Set Columbia Sportswear (NASDAQ:COLM) Price Target at $115.75

Columbia Sportswear (NASDAQ:COLM) has been assigned a consensus rating of “Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $115.75.

COLM has been the topic of several research analyst reports. TheStreet downgraded shares of Columbia Sportswear from a “b” rating to a “c+” rating in a research note on Monday, May 24th. Bank of America upgraded shares of Columbia Sportswear from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $108.00 to $128.00 in a research note on Monday, March 22nd. Zacks Investment Research upgraded shares of Columbia Sportswear from a “hold” rating to a “strong-buy” rating and set a $126.00 price objective on the stock in a research note on Tuesday, May 4th. Robert W. Baird raised their price objective on shares of Columbia Sportswear from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Pivotal Research raised their price objective on shares of Columbia Sportswear from $110.00 to $116.00 in a research note on Friday, April 30th.

In other Columbia Sportswear news, SVP Douglas H. Morse sold 6,549 shares of Columbia Sportswear stock in a transaction on Friday, March 19th. The stock was sold at an average price of $108.00, for a total transaction of $707,292.00. Following the completion of the transaction, the senior vice president now directly owns 3,250 shares of the company’s stock, valued at $351,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph P. Boyle sold 13,550 shares of Columbia Sportswear stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $110.56, for a total value of $1,498,088.00. Following the transaction, the executive vice president now directly owns 2,483,816 shares of the company’s stock, valued at $274,610,696.96. The disclosure for this sale can be found here. Insiders have sold 21,152 shares of company stock worth $2,324,148 in the last quarter. Corporate insiders own 40.33% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Eaton Vance Management bought a new position in shares of Columbia Sportswear during the first quarter valued at $25,000. Twin Tree Management LP bought a new position in shares of Columbia Sportswear during the fourth quarter valued at $35,000. First Horizon Advisors Inc. lifted its holdings in shares of Columbia Sportswear by 187.0% during the first quarter. First Horizon Advisors Inc. now owns 554 shares of the textile maker’s stock valued at $58,000 after acquiring an additional 361 shares during the period. Whittier Trust Co. lifted its holdings in shares of Columbia Sportswear by 25.7% during the first quarter. Whittier Trust Co. now owns 591 shares of the textile maker’s stock valued at $62,000 after acquiring an additional 121 shares during the period. Finally, Grant Street Asset Management Inc. bought a new position in shares of Columbia Sportswear in the fourth quarter valued at about $89,000. 42.69% of the stock is owned by institutional investors.

NASDAQ:COLM opened at $101.09 on Tuesday. Columbia Sportswear has a 12 month low of $73.11 and a 12 month high of $114.98. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 41.26, a price-to-earnings-growth ratio of 0.72 and a beta of 0.86. The company has a 50 day moving average price of $106.10.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, April 29th. The textile maker reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.51. Columbia Sportswear had a net margin of 6.40% and a return on equity of 9.25%. The company had revenue of $625.61 million for the quarter, compared to analyst estimates of $583.33 million. Analysts expect that Columbia Sportswear will post 4.35 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 27th. Shareholders of record on Thursday, May 13th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, May 12th. This represents a $1.04 dividend on an annualized basis and a yield of 1.03%. Columbia Sportswear’s dividend payout ratio is currently 64.20%.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, sources, 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 that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.

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Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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