Analysts Set Columbia Sportswear (NASDAQ:COLM) PT at $117.40

Columbia Sportswear (NASDAQ:COLM) has earned an average rating of “Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $117.40.

A number of brokerages have recently weighed in on COLM. Bank of America upgraded Columbia Sportswear from a “neutral” rating to a “buy” rating and lifted their price target for the company from $112.00 to $130.00 in a report on Tuesday, July 23rd. Zacks Investment Research upgraded Columbia Sportswear from a “hold” rating to a “strong-buy” rating and set a $106.00 price target on the stock in a report on Monday, October 21st. ValuEngine downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wedbush reiterated an “outperform” rating on shares of Columbia Sportswear in a report on Monday, October 7th. Finally, B. Riley set a $109.00 price target on Columbia Sportswear and gave the company a “hold” rating in a report on Tuesday, August 20th.

Shares of COLM stock traded up $1.84 on Monday, reaching $94.44. 285,300 shares of the company’s stock traded hands, compared to its average volume of 328,293. Columbia Sportswear has a 12-month low of $80.03 and a 12-month high of $109.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.76 and a current ratio of 3.04. The company has a market capitalization of $6.36 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 1.83 and a beta of 0.67. The business’s 50 day moving average price is $95.69 and its two-hundred day moving average price is $97.65.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.20. Columbia Sportswear had a return on equity of 19.14% and a net margin of 10.97%. The business had revenue of $906.80 million for the quarter, compared to the consensus estimate of $883.31 million. During the same quarter in the previous year, the company posted $1.41 earnings per share. Columbia Sportswear’s revenue for the quarter was up 13.9% compared to the same quarter last year. Research analysts predict that Columbia Sportswear will post 4.72 earnings per share for the current year.

The company also recently announced a dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 23.94%.

A number of hedge funds and other institutional investors have recently modified their holdings of COLM. Cullen Frost Bankers Inc. acquired a new position in Columbia Sportswear during the 3rd quarter worth $47,000. Private Capital Group LLC raised its position in shares of Columbia Sportswear by 46.7% during the 2nd quarter. Private Capital Group LLC now owns 531 shares of the textile maker’s stock valued at $49,000 after buying an additional 169 shares in the last quarter. Financial Gravity Wealth Inc. raised its position in shares of Columbia Sportswear by 4,581.8% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 515 shares of the textile maker’s stock valued at $52,000 after buying an additional 504 shares in the last quarter. Quest Capital Management Inc. ADV purchased a new stake in shares of Columbia Sportswear during the 3rd quarter valued at $60,000. Finally, Machina Capital S.A.S. raised its position in shares of Columbia Sportswear by 17.9% during the 2nd quarter. Machina Capital S.A.S. now owns 1,000 shares of the textile maker’s stock valued at $100,000 after buying an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 37.55% 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 and 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.

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Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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