Columbia Sportswear (NASDAQ:COLM) had its price objective increased by Buckingham Research from $80.00 to $84.00 in a research note released on Thursday morning. They currently have a neutral rating on the textile maker’s stock.

A number of other brokerages have also issued reports on COLM. B. Riley lifted their price target on shares of Columbia Sportswear from $79.00 to $81.00 and gave the stock a buy rating in a research note on Friday, April 27th. Wedbush lifted their price target on shares of Columbia Sportswear from $80.00 to $91.00 and gave the stock an outperform rating in a research note on Friday, April 27th. DA Davidson lowered shares of Columbia Sportswear from a buy rating to a neutral rating and set a $96.00 price target for the company. in a research note on Monday, July 16th. CL King lowered shares of Columbia Sportswear to a hold rating in a research note on Friday, April 27th. They noted that the move was a valuation call. Finally, Stifel Nicolaus lifted their price target on shares of Columbia Sportswear from $78.00 to $93.00 and gave the stock a hold rating in a research note on Friday, April 27th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $87.44.

Shares of NASDAQ:COLM opened at $90.87 on Thursday. The firm has a market capitalization of $6.31 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.41 and a beta of 0.87. Columbia Sportswear has a 12-month low of $54.89 and a 12-month high of $95.58.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, July 26th. The textile maker reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.26. The business had revenue of $481.62 million during the quarter, compared to analyst estimates of $453.27 million. Columbia Sportswear had a net margin of 5.19% and a return on equity of 14.79%. The business’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. analysts expect that Columbia Sportswear will post 3.45 EPS for the current year.

Columbia Sportswear announced that its board has authorized a stock repurchase plan on Monday, August 6th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the textile maker to reacquire up to 3.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 30th. Shareholders of record on Thursday, August 16th will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, August 15th. This represents a $0.88 annualized dividend and a yield of 0.97%. Columbia Sportswear’s payout ratio is 29.53%.

In other Columbia Sportswear news, SVP Douglas H. Morse sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $91.00, for a total transaction of $136,500.00. Following the completion of the sale, the senior vice president now owns 2,648 shares in the company, valued at $240,968. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Peter J. Bragdon sold 12,005 shares of the business’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $89.09, for a total transaction of $1,069,525.45. Following the sale, the chief accounting officer now owns 31,845 shares of the company’s stock, valued at approximately $2,837,071.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,535 shares of company stock valued at $1,665,264. 56.68% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Martingale Asset Management L P boosted its holdings in shares of Columbia Sportswear by 1.3% during the second quarter. Martingale Asset Management L P now owns 50,836 shares of the textile maker’s stock valued at $4,650,000 after acquiring an additional 630 shares during the period. Stifel Financial Corp boosted its holdings in shares of Columbia Sportswear by 19.2% during the first quarter. Stifel Financial Corp now owns 4,340 shares of the textile maker’s stock valued at $331,000 after acquiring an additional 698 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of Columbia Sportswear by 23.7% during the second quarter. Xact Kapitalforvaltning AB now owns 3,658 shares of the textile maker’s stock valued at $335,000 after acquiring an additional 700 shares during the period. Aperio Group LLC boosted its holdings in shares of Columbia Sportswear by 7.7% during the second quarter. Aperio Group LLC now owns 10,236 shares of the textile maker’s stock valued at $936,000 after acquiring an additional 735 shares during the period. Finally, Guggenheim Capital LLC boosted its holdings in shares of Columbia Sportswear by 4.2% during the first quarter. Guggenheim Capital LLC now owns 19,031 shares of the textile maker’s stock valued at $1,454,000 after acquiring an additional 773 shares during the period. 39.56% of the stock is owned by institutional investors.

About Columbia Sportswear

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.

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Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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