Columbia Sportswear (NASDAQ:COLM) Trading Up 5.6% – Still a Buy?

Columbia Sportswear (NASDAQ:COLM)’s stock price was up 5.6% on Monday . The stock traded as high as $88.69 and last traded at $88.67. Approximately 114,917 shares traded hands during trading, a decline of 83% from the average daily volume of 689,306 shares. The stock had previously closed at $83.96.

Analyst Upgrades and Downgrades

Several research firms have weighed in on COLM. TD Cowen raised their price target on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. Stifel Nicolaus boosted their target price on Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th.

Columbia Sportswear Stock Performance

The business has a 50-day moving average of $85.19 and a 200-day moving average of $83.94. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.54 and a beta of 0.90.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. On average, research analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Monday, March 10th. Columbia Sportswear’s dividend payout ratio is currently 31.01%.

Insider Activity at Columbia Sportswear

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction of $522,727.30. Following the transaction, the director now owns 17,048 shares of the company’s stock, valued at approximately $1,393,503.52. This trade represents a 27.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total transaction of $369,440.00. Following the completion of the transaction, the executive vice president now owns 14,283 shares of the company’s stock, valued at $1,319,177.88. This trade represents a 21.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 44.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Columbia Sportswear

Several large investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its holdings in shares of Columbia Sportswear by 184.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker’s stock valued at $25,000 after buying an additional 194 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Columbia Sportswear by 43.2% during the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock worth $50,000 after purchasing an additional 181 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Columbia Sportswear during the fourth quarter valued at $76,000. Signaturefd LLC lifted its holdings in shares of Columbia Sportswear by 18.4% during the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker’s stock valued at $77,000 after purchasing an additional 142 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Columbia Sportswear by 33.6% in the 4th quarter. Blue Trust Inc. now owns 942 shares of the textile maker’s stock valued at $78,000 after purchasing an additional 237 shares during the period. Institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Company Profile

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.