Columbia Sportswear (NASDAQ:COLM) Reaches New 1-Year High – Should You Buy?

Columbia Sportswear (NASDAQ:COLM)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $92.88 and last traded at $91.00, with a volume of 1333038 shares. The stock had previously closed at $91.79.

Wall Street Analyst Weigh In

COLM has been the topic of several research reports. TD Cowen boosted their price target on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Stifel Nicolaus upped their target price on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th.

Columbia Sportswear Stock Down 0.9 %

The company has a 50 day simple moving average of $85.46 and a 200-day simple moving average of $83.69. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 2.54 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. As a group, sell-side analysts anticipate that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 31.01%.

Insider Buying and Selling at Columbia Sportswear

In other news, Director Ronald E. Nelson sold 6,395 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.74, for a total transaction of $522,727.30. Following the transaction, the director now directly owns 17,048 shares of the company’s stock, valued at $1,393,503.52. This represents a 27.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 44.70% of the company’s stock.

Hedge Funds Weigh In On Columbia Sportswear

A number of institutional investors have recently modified their holdings of the company. Vise Technologies Inc. raised its position in shares of Columbia Sportswear by 94.1% during the fourth quarter. Vise Technologies Inc. now owns 6,161 shares of the textile maker’s stock worth $517,000 after purchasing an additional 2,987 shares during the period. Novem Group bought a new stake in Columbia Sportswear during the fourth quarter worth $292,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Columbia Sportswear by 4.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 111,931 shares of the textile maker’s stock worth $9,394,000 after buying an additional 4,829 shares in the last quarter. Sovereign s Capital Management LLC bought a new stake in Columbia Sportswear during the fourth quarter worth $2,189,000. Finally, Two Sigma Investments LP bought a new stake in Columbia Sportswear during the fourth quarter worth $744,000. 47.76% of the stock is owned by institutional investors and hedge funds.

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.