BTIG Research assumed coverage on shares of Columbia Sportswear (NASDAQ:COLM – Free Report) in a report released on Tuesday, Marketbeat reports. The brokerage issued a buy rating and a $75.00 price target on the textile maker’s stock.
Other analysts also recently issued research reports about the company. Stifel Nicolaus lowered their price objective on Columbia Sportswear from $75.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Columbia Sportswear in a research report on Wednesday, October 8th. Zacks Research downgraded Columbia Sportswear from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 30th. UBS Group lowered their price objective on Columbia Sportswear from $45.00 to $40.00 and set a “sell” rating for the company in a research report on Friday, August 1st. Finally, Cfra Research upgraded Columbia Sportswear to a “hold” rating in a research report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $63.17.
Check Out Our Latest Stock Analysis on COLM
Columbia Sportswear Trading Down 0.3%
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The textile maker reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.09. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%.The firm had revenue of $605.25 million during the quarter, compared to the consensus estimate of $587.97 million. During the same quarter in the previous year, the company posted ($0.20) earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. Columbia Sportswear has set its Q3 2025 guidance at 1.000-1.200 EPS. FY 2025 guidance at EPS. On average, analysts forecast that Columbia Sportswear will post 4.1 EPS for the current fiscal year.
Columbia Sportswear Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $1.20 annualized dividend and a dividend yield of 2.4%. Columbia Sportswear’s payout ratio is 30.61%.
Hedge Funds Weigh In On Columbia Sportswear
Several hedge funds have recently made changes to their positions in the business. CWM LLC increased its stake in shares of Columbia Sportswear by 1,362.1% during the third quarter. CWM LLC now owns 21,770 shares of the textile maker’s stock valued at $1,139,000 after buying an additional 20,281 shares during the period. CWC Advisors LLC. lifted its position in Columbia Sportswear by 161.8% during the third quarter. CWC Advisors LLC. now owns 10,706 shares of the textile maker’s stock valued at $560,000 after buying an additional 6,617 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Columbia Sportswear by 3.7% during the 3rd quarter. Voya Investment Management LLC now owns 40,068 shares of the textile maker’s stock valued at $2,096,000 after buying an additional 1,440 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of Columbia Sportswear during the 3rd quarter valued at $1,233,000. Finally, Texas Permanent School Fund Corp boosted its holdings in shares of Columbia Sportswear by 19.7% during the 2nd quarter. Texas Permanent School Fund Corp now owns 30,189 shares of the textile maker’s stock valued at $1,844,000 after buying an additional 4,968 shares in the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.
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.
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