Columbia Sportswear (NASDAQ:COLM) Price Target Raised to $80.00 at BTIG Research

by · The Cerbat Gem

Columbia Sportswear (NASDAQ:COLMFree Report) had its price objective upped by BTIG Research from $75.00 to $80.00 in a report released on Friday, MarketBeat.com reports. The firm currently has a buy rating on the textile maker’s stock.

A number of other brokerages have also recently issued reports on COLM. Wall Street Zen raised shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Citigroup reissued a “neutral” rating and set a $62.00 target price (up from $55.00) on shares of Columbia Sportswear in a report on Wednesday, February 4th. Robert W. Baird set a $63.00 target price on shares of Columbia Sportswear in a report on Wednesday, February 4th. UBS Group reissued a “sell” rating and set a $47.00 target price (up from $44.00) on shares of Columbia Sportswear in a report on Friday. Finally, Stifel Nicolaus boosted their target price on shares of Columbia Sportswear from $60.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $61.83.

Get Our Latest Stock Report on COLM

Columbia Sportswear Stock Up 2.3%

Columbia Sportswear stock traded up $1.43 during trading on Friday, hitting $62.35. The stock had a trading volume of 1,421,912 shares, compared to its average volume of 503,158. Columbia Sportswear has a 1 year low of $47.47 and a 1 year high of $71.68. The stock’s 50 day moving average is $58.12 and its two-hundred day moving average is $56.15. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 19.24 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLMGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.65 EPS for the quarter, beating the consensus estimate of $0.35 by $0.30. Columbia Sportswear had a return on equity of 11.62% and a net margin of 4.98%.The business had revenue of $779.01 million for the quarter, compared to the consensus estimate of $758.26 million. During the same quarter in the prior year, the business earned $0.75 earnings per share. Columbia Sportswear’s revenue for the quarter was up .1% on a year-over-year basis. Columbia Sportswear has set its FY 2026 guidance at 3.550-4.000 EPS and its Q2 2026 guidance at -0.460–0.370 EPS. As a group, equities research analysts anticipate that Columbia Sportswear will post 3.46 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 1.9%. Columbia Sportswear’s dividend payout ratio is presently 37.04%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in COLM. JPMorgan Chase & Co. increased its holdings in shares of Columbia Sportswear by 215.0% in the third quarter. JPMorgan Chase & Co. now owns 1,083,624 shares of the textile maker’s stock worth $56,674,000 after purchasing an additional 739,584 shares during the period. Deprince Race & Zollo Inc. bought a new position in shares of Columbia Sportswear in the first quarter worth $27,407,000. AQR Capital Management LLC increased its holdings in shares of Columbia Sportswear by 82.9% in the third quarter. AQR Capital Management LLC now owns 970,675 shares of the textile maker’s stock worth $50,242,000 after purchasing an additional 439,913 shares during the period. Invesco Ltd. increased its holdings in shares of Columbia Sportswear by 231.7% in the second quarter. Invesco Ltd. now owns 367,330 shares of the textile maker’s stock worth $22,437,000 after purchasing an additional 256,578 shares during the period. Finally, Balyasny Asset Management L.P. bought a new position in shares of Columbia Sportswear in the fourth quarter worth $12,135,000. Institutional investors own 47.76% of the company’s stock.

More Columbia Sportswear News

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About Columbia Sportswear

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Columbia Sportswear Company develops, sources, markets and distributes a wide range of outdoor apparel, footwear and accessories designed for activities such as hiking, skiing, snowboarding and trail running. Its product portfolio includes weatherproof jackets and pants featuring proprietary technologies like Omni-Tech® waterproofing and Omni-Heat® thermal reflective lining, as well as activewear, footwear, hats, gloves and accessories under the Columbia® brand and complementary brands.

Founded in 1938 as the Columbia Hat Company in Portland, Oregon, the company initially focused on headwear before expanding into outerwear in the 1970s with the introduction of the Bugaboo® interchange jacket.

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