Columbia Sportswear Company (NASDAQ:COLM) Stock Has Average Target Price of $66.40

Columbia Sportswear Company (NASDAQ:COLM) has been given a consensus recommendation of “Hold” by the six ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $66.40.

A number of research firms recently commented on COLM. BTIG Research lifted their price objective on Columbia Sportswear from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Zacks Research downgraded shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings upgraded shares of Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Stifel Nicolaus set a $67.00 price target on shares of Columbia Sportswear and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Robert W. Baird set a $65.00 price objective on shares of Columbia Sportswear in a research note on Friday, July 31st.

Insider Buying and Selling at Columbia Sportswear

In other news, insider Joseph P. Boyle sold 19,129 shares of Columbia Sportswear stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $70.47, for a total value of $1,348,020.63. Following the completion of the transaction, the insider directly owned 2,776,714 shares of the company’s stock, valued at approximately $195,675,035.58. This trade represents a 0.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Lisa Kulok sold 6,857 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $68.47, for a total value of $469,498.79. Following the completion of the transaction, the executive vice president directly owned 8,180 shares in the company, valued at $560,084.60. This represents a 45.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 26,361 shares of company stock valued at $1,844,073. 51.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Columbia Sportswear

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in Columbia Sportswear by 6.5% in the second quarter. GAMMA Investing LLC now owns 2,656 shares of the textile maker’s stock valued at $164,000 after buying an additional 162 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Columbia Sportswear by 4.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,216 shares of the textile maker’s stock worth $286,000 after buying an additional 200 shares during the period. Parallel Advisors LLC grew its position in shares of Columbia Sportswear by 43.6% during the 1st quarter. Parallel Advisors LLC now owns 817 shares of the textile maker’s stock worth $45,000 after buying an additional 248 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Columbia Sportswear by 72.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 888 shares of the textile maker’s stock worth $49,000 after buying an additional 373 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Columbia Sportswear in the 2nd quarter valued at $32,000. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Stock Down 0.8%

Shares of Columbia Sportswear stock opened at $71.64 on Tuesday. Columbia Sportswear has a twelve month low of $49.56 and a twelve month high of $73.09. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 19.89 and a beta of 0.88. The company’s fifty day moving average is $60.78 and its 200 day moving average is $60.53.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, October 29th. The textile maker reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.38. The business had revenue of $962.58 million during the quarter, compared to the consensus estimate of $944.91 million. Columbia Sportswear had a return on equity of 11.71% and a net margin of 6.97%. Columbia Sportswear’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 earnings per share. As a group, equities analysts anticipate that Columbia Sportswear will post 4.89 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be issued a $0.30 dividend. The ex-dividend date is Thursday, November 19th. This represents a $1.20 annualized dividend and a yield of 1.7%. Columbia Sportswear’s payout ratio is presently 26.32%.

About Columbia Sportswear

Columbia Sportswear Company designs, sources, markets and distributes outdoor and active-lifestyle apparel, footwear, accessories and equipment. Its products serve activities such as hiking, skiing, fishing and other outdoor pursuits, as well as everyday wear. The company’s portfolio includes the Columbia, SOREL, Mountain Hardwear and prAna brands. Its offerings range from jackets, shirts and pants to boots, shoes, backpacks and other outdoor accessories. Founded in 1938 as a hat distributor in Portland, Oregon, Columbia Sportswear has grown into a global business.