Citigroup Cuts Columbia Sportswear (NASDAQ:COLM) Price Target to $55.00

Columbia Sportswear (NASDAQ:COLM) had its target price lowered by Citigroup from $61.00 to $55.00 in a report released on Monday,Benzinga reports. The firm currently has a neutral rating on the textile maker’s stock.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus lowered their price target on Columbia Sportswear from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Barclays lowered their price target on Columbia Sportswear from $62.00 to $51.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Zacks Research downgraded Columbia Sportswear from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 30th. BTIG Research reiterated a “buy” rating and set a $75.00 price target on shares of Columbia Sportswear in a report on Friday, October 31st. Finally, Cfra Research upgraded Columbia Sportswear to a “hold” rating in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $60.50.

Columbia Sportswear Stock Performance

NASDAQ:COLM opened at $52.35 on Monday. The stock’s 50 day moving average price is $53.28 and its 200 day moving average price is $58.10. Columbia Sportswear has a 52 week low of $47.47 and a 52 week high of $92.88. The company has a market capitalization of $2.87 billion, a P/E ratio of 13.35 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, October 30th. The textile maker reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.16. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%.The firm had revenue of $943.43 million for the quarter, compared to the consensus estimate of $917.02 million. During the same quarter in the prior year, the company posted $1.56 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. Columbia Sportswear has set its Q4 2025 guidance at 1.040-1.340 EPS. FY 2025 guidance at 3.010-3.310 EPS. As a group, sell-side analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, November 20th. Columbia Sportswear’s dividend payout ratio (DPR) is 36.25%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Deutsche Bank AG lifted its position in Columbia Sportswear by 449.1% in the first quarter. Deutsche Bank AG now owns 21,477 shares of the textile maker’s stock worth $1,626,000 after purchasing an additional 17,566 shares during the period. Trexquant Investment LP bought a new position in Columbia Sportswear in the first quarter worth $10,834,000. Dean Capital Management lifted its position in Columbia Sportswear by 63.4% in the first quarter. Dean Capital Management now owns 24,956 shares of the textile maker’s stock worth $1,889,000 after purchasing an additional 9,684 shares during the period. Teacher Retirement System of Texas bought a new position in Columbia Sportswear in the first quarter worth $518,000. Finally, Crossmark Global Holdings Inc. raised its stake in Columbia Sportswear by 18.4% during the first quarter. Crossmark Global Holdings Inc. now owns 42,989 shares of the textile maker’s stock worth $3,254,000 after acquiring an additional 6,693 shares in the last quarter. 47.76% of the stock is owned by institutional investors.

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.