Columbia Sportswear (NASDAQ:COLM) Price Target Raised to $84.00

Columbia Sportswear (NASDAQ:COLM) had its price objective boosted by TD Cowen from $70.00 to $84.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a hold rating on the textile maker’s stock.

Separately, StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $78.75.

Columbia Sportswear Price Performance

NASDAQ:COLM opened at $87.16 on Tuesday. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $88.62. The firm has a market capitalization of $4.98 billion, a P/E ratio of 24.08, a P/E/G ratio of 3.71 and a beta of 0.92. The business has a 50 day simple moving average of $81.68 and a 200 day simple moving average of $81.34.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The business had revenue of $931.80 million during the quarter, compared to analyst estimates of $937.17 million. During the same quarter in the previous year, the firm posted $1.70 EPS. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. Research analysts anticipate that Columbia Sportswear will post 3.87 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.38%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 33.15%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in shares of Columbia Sportswear by 116.6% in the 2nd quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after buying an additional 225 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Columbia Sportswear by 51.3% in the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after buying an additional 142 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Columbia Sportswear in the 3rd quarter worth $65,000. Dnca Finance bought a new stake in shares of Columbia Sportswear in the 2nd quarter worth $68,000. Finally, nVerses Capital LLC bought a new stake in shares of Columbia Sportswear in the 3rd quarter worth $75,000. Institutional investors and hedge funds own 47.76% of the company’s stock.

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.