Columbia Sportswear (NASDAQ:COLM) Reaches New 52-Week High – Time to Buy?

Columbia Sportswear (NASDAQ:COLM) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $91.98 and last traded at $91.40, with a volume of 66844 shares. The stock had previously closed at $90.30.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on COLM. StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Stifel Nicolaus boosted their price objective on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, TD Cowen raised their target price on 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 Up 0.5 %

The stock has a 50 day moving average of $85.33 and a 200-day moving average of $83.47. The company has a market capitalization of $5.19 billion, a P/E ratio of 23.44, a P/E/G ratio of 2.54 and a beta of 0.93.

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 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, sell-side analysts expect that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

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

Insider Activity at Columbia Sportswear

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction of $522,727.30. Following the completion of the transaction, the director now directly owns 17,048 shares of the company’s stock, valued at $1,393,503.52. The trade was a 27.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 44.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Columbia Sportswear during the fourth quarter worth about $25,710,000. Pacer Advisors Inc. boosted its holdings in Columbia Sportswear by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock valued at $147,544,000 after acquiring an additional 292,716 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Columbia Sportswear by 447.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 294,471 shares of the textile maker’s stock valued at $24,715,000 after purchasing an additional 240,709 shares in the last quarter. Barclays PLC raised its position in shares of Columbia Sportswear by 487.8% during the 4th quarter. Barclays PLC now owns 271,293 shares of the textile maker’s stock worth $22,770,000 after acquiring an additional 225,140 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Columbia Sportswear by 18.0% in the 4th quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker’s stock valued at $74,255,000 after purchasing an additional 134,813 shares during the last quarter. 47.76% of the stock is owned by hedge funds and other 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.