Columbia Sportswear (NASDAQ:COLM) Hits New 52-Week High – Here’s What Happened

Columbia Sportswear (NASDAQ:COLM)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $88.00 and last traded at $88.00, with a volume of 71202 shares. The stock had previously closed at $83.48.

Analyst Ratings Changes

Separately, StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $77.00.

Columbia Sportswear Stock Up 5.5 %

The stock has a fifty day simple moving average of $81.44 and a 200 day simple moving average of $81.25. The firm has a market capitalization of $5.04 billion, a P/E ratio of 24.14, a PEG ratio of 3.52 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. The company had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.70 earnings per share. Research analysts anticipate that Columbia Sportswear will post 3.87 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 33.15%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings in Columbia Sportswear by 116.6% during the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after buying an additional 225 shares during the period. GAMMA Investing LLC lifted its stake in shares of Columbia Sportswear by 51.3% during the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after purchasing an additional 142 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in Columbia Sportswear in the third quarter worth about $65,000. Dnca Finance purchased a new stake in shares of Columbia Sportswear during the second quarter valued at about $68,000. Finally, nVerses Capital LLC bought a new stake in shares of Columbia Sportswear in the 3rd quarter valued at about $75,000. Hedge funds and other 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.