Columbia Sportswear (NASDAQ:COLM) Stock Price Up 5.6% – Time to Buy?

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

Analysts Set New Price Targets

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

Columbia Sportswear Trading Down 5.5 %

The stock has a market capitalization of $4.46 billion, a PE ratio of 20.81, a P/E/G ratio of 2.54 and a beta of 0.90. The stock’s fifty day simple moving average is $85.22 and its 200-day simple moving average is $83.98.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) 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%. As a group, analysts anticipate that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The business 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 dividend yield of 1.49%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 31.01%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Columbia Sportswear

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. increased its position in shares of Columbia Sportswear by 19.8% during the third quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock valued at $147,544,000 after buying an additional 292,716 shares during the period. Boston Trust Walden Corp increased its position in shares of Columbia Sportswear by 0.3% in the fourth quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker’s stock worth $107,778,000 after purchasing an additional 3,214 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Columbia Sportswear by 10.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker’s stock worth $101,355,000 after purchasing an additional 109,488 shares during the last quarter. American Century Companies Inc. increased its position in shares of Columbia Sportswear by 18.0% in the fourth quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker’s stock worth $74,255,000 after purchasing an additional 134,813 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Columbia Sportswear by 0.8% in the third quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker’s stock worth $50,328,000 after purchasing an additional 4,727 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors.

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.