Analysts Set Columbia Sportswear (NASDAQ:COLM) Target Price at $77.00

Shares of Columbia Sportswear (NASDAQ:COLM) have earned a consensus rating of “Hold” from the five analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $77.00.

A number of equities research analysts have issued reports on the stock. Wedbush reiterated a “neutral” rating and set a $80.00 price objective on shares of Columbia Sportswear in a research note on Thursday, July 18th. Stifel Nicolaus raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and lifted their price objective for the company from $84.00 to $92.00 in a research note on Monday, July 8th. Finally, StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Monday, July 29th.

Institutional Trading of Columbia Sportswear

Hedge funds and other institutional investors have recently modified their holdings of the stock. Algert Global LLC bought a new stake in Columbia Sportswear during the 2nd quarter worth $286,000. AQR Capital Management LLC grew its holdings in shares of Columbia Sportswear by 149.0% during the second quarter. AQR Capital Management LLC now owns 195,933 shares of the textile maker’s stock worth $15,463,000 after purchasing an additional 117,260 shares during the last quarter. Squarepoint Ops LLC increased its stake in shares of Columbia Sportswear by 3.5% in the second quarter. Squarepoint Ops LLC now owns 125,674 shares of the textile maker’s stock valued at $9,938,000 after buying an additional 4,305 shares during the period. Marshall Wace LLP raised its holdings in Columbia Sportswear by 1,574.3% in the 2nd quarter. Marshall Wace LLP now owns 80,383 shares of the textile maker’s stock valued at $6,357,000 after buying an additional 75,582 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Columbia Sportswear by 15.4% during the 2nd quarter. Sei Investments Co. now owns 7,654 shares of the textile maker’s stock worth $605,000 after buying an additional 1,024 shares during the period. Institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Trading Down 2.4 %

Shares of COLM opened at $80.61 on Monday. The stock has a market capitalization of $4.77 billion, a PE ratio of 19.66, a P/E/G ratio of 2.94 and a beta of 0.94. The firm’s 50 day moving average is $79.68 and its 200-day moving average is $80.31. Columbia Sportswear has a 12 month low of $66.01 and a 12 month high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.14. The firm had revenue of $570.20 million during the quarter, compared to analysts’ expectations of $569.37 million. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 EPS. Equities research analysts predict that Columbia Sportswear will post 3.85 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.49%. The ex-dividend date is Thursday, August 15th. Columbia Sportswear’s payout ratio is 29.27%.

About Columbia Sportswear

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.