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

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on COLM. TD Cowen upped 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 price objective on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

Columbia Sportswear Stock Performance

The stock has a market cap of $5.20 billion, a P/E ratio of 23.51, a P/E/G ratio of 2.54 and a beta of 0.93. The business has a 50 day simple moving average of $85.46 and a 200-day simple moving average of $83.69.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

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

Insider Buying and Selling

In related news, Director Ronald E. Nelson sold 6,395 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $81.74, for a total transaction of $522,727.30. Following the sale, the director now owns 17,048 shares of the company’s stock, valued at approximately $1,393,503.52. This represents a 27.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 44.70% of the stock is currently owned by insiders.

Institutional Trading of Columbia Sportswear

A number of institutional investors have recently added to or reduced their stakes in COLM. Blue Trust Inc. lifted its holdings in Columbia Sportswear by 68.7% during the 3rd quarter. Blue Trust Inc. now owns 705 shares of the textile maker’s stock worth $56,000 after purchasing an additional 287 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Columbia Sportswear in the 3rd quarter valued at about $7,676,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Columbia Sportswear by 75.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,623 shares of the textile maker’s stock valued at $468,000 after acquiring an additional 2,425 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Columbia Sportswear by 39.6% in the 3rd quarter. New York State Common Retirement Fund now owns 259,406 shares of the textile maker’s stock valued at $21,580,000 after acquiring an additional 73,602 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Columbia Sportswear by 1.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 32,287 shares of the textile maker’s stock valued at $2,686,000 after acquiring an additional 506 shares in the last quarter. 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.