Columbia Sportswear (NASDAQ:COLM) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Columbia Sportswear (NASDAQ:COLMGet Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $82.07 and traded as high as $83.64. Columbia Sportswear shares last traded at $83.20, with a volume of 407,188 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on COLM. Stifel Nicolaus increased their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. TD Cowen upped their price target on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Finally, StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $80.75.

Get Our Latest Report on Columbia Sportswear

Columbia Sportswear Stock Performance

The stock’s 50-day simple moving average is $85.59 and its 200 day simple moving average is $82.07. The company has a market capitalization of $4.76 billion, a PE ratio of 22.98, a P/E/G ratio of 3.74 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLMGet Free Report) last issued 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. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The firm had revenue of $931.80 million during the quarter, compared to the consensus estimate of $937.17 million. During the same quarter in the previous year, the firm posted $1.70 earnings per share. The company’s revenue was down 5.5% compared to the same quarter last year. On average, analysts expect that Columbia Sportswear will post 3.89 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.20 annualized dividend and a yield of 1.44%. Columbia Sportswear’s dividend payout ratio is currently 33.15%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in Columbia Sportswear by 51.3% in the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 142 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of Columbia Sportswear by 1.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 28,355 shares of the textile maker’s stock valued at $2,359,000 after purchasing an additional 275 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Columbia Sportswear by 68.7% in the 3rd quarter. Blue Trust Inc. now owns 705 shares of the textile maker’s stock valued at $56,000 after purchasing an additional 287 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in Columbia Sportswear by 1.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 32,287 shares of the textile maker’s stock worth $2,686,000 after buying an additional 506 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in Columbia Sportswear by 2.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 23,795 shares of the textile maker’s stock worth $1,980,000 after buying an additional 538 shares during the period. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Columbia Sportswear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Sportswear and related companies with MarketBeat.com's FREE daily email newsletter.