Columbia Sportswear (COLM) Coverage Initiated by Analysts at Needham & Company LLC

Needham & Company LLC started coverage on shares of Columbia Sportswear (NASDAQ:COLM) in a research report sent to investors on Monday morning, Marketbeat reports. The brokerage issued a buy rating and a $87.00 price objective on the textile maker’s stock.

Other research analysts have also issued reports about the stock. Robert W. Baird raised their price target on shares of Columbia Sportswear from $87.00 to $92.00 and gave the company an outperform rating in a research note on Thursday, April 12th. BidaskClub lowered shares of Columbia Sportswear from a strong-buy rating to a buy rating in a research note on Tuesday, April 17th. Canaccord Genuity set a $70.00 price target on shares of Columbia Sportswear and gave the company a hold rating in a research note on Thursday, February 8th. Buckingham Research raised their price target on shares of Columbia Sportswear from $67.00 to $72.00 and gave the company a neutral rating in a research note on Friday, February 9th. Finally, Bank of America raised their price target on shares of Columbia Sportswear from $75.00 to $76.00 and gave the company a neutral rating in a research note on Monday, February 5th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Columbia Sportswear has an average rating of Buy and an average price target of $78.67.

COLM stock opened at $82.09 on Monday. Columbia Sportswear has a 52-week low of $51.56 and a 52-week high of $83.13. The stock has a market cap of $5,592.00, a PE ratio of 27.55, a PEG ratio of 2.42 and a beta of 0.89.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, April 26th. The textile maker reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.19. Columbia Sportswear had a net margin of 4.26% and a return on equity of 12.65%. The business had revenue of $607.31 million for the quarter, compared to analyst estimates of $581.16 million. During the same period in the prior year, the company posted $0.51 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. research analysts predict that Columbia Sportswear will post 3.25 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Thursday, May 17th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.07%. Columbia Sportswear’s payout ratio is 29.53%.

In other Columbia Sportswear news, COO Thomas B. Cusick sold 23,120 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $78.49, for a total value of $1,814,688.80. Following the completion of the sale, the chief operating officer now owns 42,788 shares in the company, valued at approximately $3,358,430.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Thomas B. Cusick sold 8,343 shares of the stock in a transaction dated Wednesday, April 11th. The shares were sold at an average price of $82.50, for a total transaction of $688,297.50. Following the completion of the sale, the chief operating officer now owns 52,606 shares of the company’s stock, valued at approximately $4,339,995. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,838 shares of company stock valued at $7,405,059. 58.86% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in COLM. Legal & General Group Plc raised its holdings in Columbia Sportswear by 43.8% in the 3rd quarter. Legal & General Group Plc now owns 14,887 shares of the textile maker’s stock valued at $916,000 after acquiring an additional 4,535 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Columbia Sportswear by 15.7% during the 3rd quarter. Wells Fargo & Company MN now owns 151,239 shares of the textile maker’s stock worth $9,314,000 after buying an additional 20,560 shares during the last quarter. OxFORD Asset Management LLP increased its holdings in shares of Columbia Sportswear by 38.3% during the 3rd quarter. OxFORD Asset Management LLP now owns 9,462 shares of the textile maker’s stock worth $575,000 after buying an additional 2,621 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Columbia Sportswear by 1.3% during the 3rd quarter. California Public Employees Retirement System now owns 71,700 shares of the textile maker’s stock worth $4,415,000 after buying an additional 900 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Columbia Sportswear by 3.8% during the 4th quarter. Bank of Montreal Can now owns 24,852 shares of the textile maker’s stock worth $1,786,000 after buying an additional 900 shares during the last quarter. Institutional investors own 39.36% of the company’s stock.

Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active 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 various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.

Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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