Shares of Columbia Sportswear Company (NASDAQ:COLM) have been assigned an average recommendation of “Buy” from the sixteen research firms that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $65.67.

Several brokerages recently commented on COLM. B. Riley reissued a “buy” rating on shares of Columbia Sportswear in a report on Wednesday, November 1st. Citigroup boosted their price target on shares of Columbia Sportswear from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Pivotal Research reissued a “buy” rating and issued a $74.00 price target (up previously from $72.00) on shares of Columbia Sportswear in a report on Friday, October 27th. Stifel Nicolaus reissued a “hold” rating and issued a $60.00 price target on shares of Columbia Sportswear in a report on Wednesday, October 4th. Finally, FBR & Co reissued a “buy” rating and issued a $68.00 price target on shares of Columbia Sportswear in a report on Friday, October 27th.

Shares of Columbia Sportswear (NASDAQ:COLM) traded down $0.45 during midday trading on Monday, reaching $69.13. 228,200 shares of the company traded hands, compared to its average volume of 248,029. The stock has a market cap of $4,830.56, a price-to-earnings ratio of 24.78, a PEG ratio of 2.63 and a beta of 0.89. Columbia Sportswear has a 12 month low of $51.56 and a 12 month high of $71.65.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.25 EPS for the quarter, topping the consensus estimate of $1.15 by $0.10. The company had revenue of $747.37 million during the quarter, compared to analyst estimates of $735.67 million. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.18 EPS. sell-side analysts anticipate that Columbia Sportswear will post 2.71 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.10%. The ex-dividend date was Wednesday, November 15th. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.18. Columbia Sportswear’s payout ratio is 27.24%.

In other news, Director Malia H. Wasson sold 900 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $61.68, for a total transaction of $55,512.00. Following the transaction, the director now owns 1,089 shares of the company’s stock, valued at approximately $67,169.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Walter Klenz sold 11,608 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $66.05, for a total transaction of $766,708.40. Following the transaction, the director now directly owns 21,619 shares in the company, valued at approximately $1,427,934.95. The disclosure for this sale can be found here. Insiders own 58.86% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. boosted its position in shares of Columbia Sportswear by 10.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock valued at $149,000 after acquiring an additional 234 shares during the last quarter. Invictus RG acquired a new position in shares of Columbia Sportswear during the 3rd quarter valued at about $207,000. Advisor Group Inc. boosted its position in shares of Columbia Sportswear by 11.2% during the 2nd quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock valued at $195,000 after acquiring an additional 339 shares during the last quarter. US Bancorp DE boosted its position in shares of Columbia Sportswear by 36.1% during the 2nd quarter. US Bancorp DE now owns 3,564 shares of the textile maker’s stock valued at $207,000 after acquiring an additional 946 shares during the last quarter. Finally, Capital Investment Counsel Inc acquired a new position in shares of Columbia Sportswear during the 2nd quarter valued at about $207,000. 39.13% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This report was originally posted by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://www.americanbankingnews.com/2017/12/11/columbia-sportswear-company-colm-receives-consensus-recommendation-of-buy-from-analysts.html.

About Columbia Sportswear

Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.

Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

Receive News & Ratings for Columbia Sportswear Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Sportswear Company and related companies with MarketBeat.com's FREE daily email newsletter.