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Analysts at DA Davidson set a $87.00 price objective on shares of Columbia Sportswear (NASDAQ:COLM) stock in a research report issued to clients and investors on Wednesday, Analyst Ratings Network reports. DA Davidson’s price target would indicate a potential upside of 10.59% from the company’s current price.

Columbia Sportswear (NASDAQ:COLM) traded up 10.31% on Wednesday, hitting $86.7785. 382,094 shares of the company’s stock traded hands. Columbia Sportswear has a 1-year low of $53.50 and a 1-year high of $80.04. The stock has a 50-day moving average of $76.40 and a 200-day moving average of $67.04. The company has a market cap of $2.994 billion and a P/E ratio of 27.98.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $1.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.43 by $0.22. The company had revenue of $533.10 million for the quarter, compared to the consensus estimate of $498.80 million. Analysts expect that Columbia Sportswear will post $3.22 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 18th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.42%.

Other equities research analysts have also recently issued reports about the stock. Analysts at Davidson raised their price target on shares of Columbia Sportswear from $83.00 to $87.00 in a research note on Wednesday. Separately, analysts at Canaccord Genuity raised their price target on shares of Columbia Sportswear from $61.00 to $71.00 in a research note on Friday, February 14th. They now have a “hold” rating on the stock. Finally, analysts at Nomura initiated coverage on shares of Columbia Sportswear in a research note on Wednesday, February 12th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $67.39.

Columbia Sportswear Company is a family-owned, regional hat distributor. The Company is engaged in the design, sourcing, marketing and distribution of active outdoor apparel, footwear, accessories and equipment.

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