Stifel Nicolaus Analysts Give Columbia Sportswear (COLM) a $74.00 Price Target

Stifel Nicolaus set a $74.00 price target on Columbia Sportswear (NASDAQ:COLM) in a report issued on Friday. The brokerage currently has a hold rating on the textile maker’s stock.

A number of other research firms also recently issued reports on COLM. FBR & Co reissued a buy rating and issued a $68.00 target price on shares of Columbia Sportswear in a research report on Friday, October 27th. Guggenheim reissued a buy rating and issued a $75.00 target price on shares of Columbia Sportswear in a research report on Friday. Cowen set a $58.00 target price on Columbia Sportswear and gave the stock a hold rating in a research report on Monday, August 21st. Robert W. Baird reissued a buy rating and issued a $68.00 target price on shares of Columbia Sportswear in a research report on Sunday, October 22nd. Finally, Canaccord Genuity set a $60.00 target price on Columbia Sportswear and gave the stock a hold rating in a research report on Friday, October 27th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Columbia Sportswear presently has an average rating of Buy and a consensus price target of $68.50.

Shares of Columbia Sportswear (NASDAQ:COLM) opened at $70.11 on Friday. The company has a market capitalization of $4,899.01, a P/E ratio of 25.13, a P/E/G ratio of 2.67 and a beta of 0.89. Columbia Sportswear has a 52-week low of $51.56 and a 52-week high of $71.65.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.10. The company had revenue of $747.37 million during the quarter, compared to the consensus estimate of $735.67 million. Columbia Sportswear had a return on equity of 12.30% and a net margin of 8.18%. Columbia Sportswear’s revenue was up .2% on a year-over-year basis. During the same period last year, the business posted $1.18 earnings per share. analysts predict that Columbia Sportswear will post 2.71 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th were issued a $0.19 dividend. This is a positive change from Columbia Sportswear’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Wednesday, November 15th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 27.24%.

In other news, Director Walter Klenz sold 11,608 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $66.05, for a total value of $766,708.40. Following the completion of the transaction, the director now directly owns 21,619 shares of the company’s stock, valued at $1,427,934.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Malia H. Wasson sold 900 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $61.68, for a total value of $55,512.00. Following the completion of the transaction, the director now directly owns 1,089 shares of the company’s stock, valued at $67,169.52. The disclosure for this sale can be found here. 58.86% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of COLM. Ameritas Investment Partners Inc. boosted its stake in Columbia Sportswear by 10.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock valued at $149,000 after buying an additional 234 shares during the period. Advisor Group Inc. boosted its stake in Columbia Sportswear by 11.2% during the second quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock valued at $195,000 after buying an additional 339 shares during the period. US Bancorp DE boosted its stake in Columbia Sportswear by 36.1% during the second quarter. US Bancorp DE now owns 3,564 shares of the textile maker’s stock valued at $207,000 after buying an additional 946 shares during the period. Capital Investment Counsel Inc bought a new stake in Columbia Sportswear during the second quarter valued at $207,000. Finally, Invictus RG bought a new stake in Columbia Sportswear during the third quarter valued at $207,000. 39.13% of the stock is owned by institutional investors.

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About Columbia Sportswear

Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.

Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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