TD Cowen Issues Positive Forecast for Columbia Sportswear (NASDAQ:COLM) Stock Price

Columbia Sportswear (NASDAQ:COLM) had its target price increased by TD Cowen from $70.00 to $84.00 in a report released on Tuesday morning,Benzinga reports. TD Cowen currently has a hold rating on the textile maker’s stock.

Separately, StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Columbia Sportswear presently has an average rating of “Hold” and an average price target of $78.75.

Columbia Sportswear Stock Down 1.3 %

Shares of NASDAQ COLM opened at $86.92 on Tuesday. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $88.62. The firm has a market cap of $4.97 billion, a P/E ratio of 24.15, a P/E/G ratio of 3.52 and a beta of 0.92. The business’s 50 day moving average price is $81.53 and its 200 day moving average price is $81.28.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.36 by $0.20. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The business had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. During the same period in the prior year, the firm earned $1.70 EPS. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. As a group, research analysts expect that Columbia Sportswear will post 3.87 earnings per share for the current year.

Columbia Sportswear Announces Dividend

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

Hedge Funds Weigh In On Columbia Sportswear

A number of large investors have recently added to or reduced their stakes in COLM. Blue Trust Inc. increased its stake in Columbia Sportswear by 116.6% during 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 increased its position in shares of Columbia Sportswear by 51.3% during the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after purchasing an additional 142 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in Columbia Sportswear in the 3rd quarter valued at $65,000. Dnca Finance acquired a new position in Columbia Sportswear in the 2nd quarter valued at $68,000. Finally, nVerses Capital LLC purchased a new position in Columbia Sportswear in the 3rd quarter valued at $75,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

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.