Columbia Sportswear (NASDAQ:COLM) Sets New 12-Month High – Still a Buy?

Columbia Sportswear (NASDAQ:COLM) shares reached a new 52-week high 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.

Analyst Ratings Changes

A number of brokerages have recently issued reports on COLM. TD Cowen increased their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Stifel Nicolaus upped their price target on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, December 11th.

Columbia Sportswear Price Performance

The stock has a market capitalization of $4.97 billion, a PE ratio of 22.44, a P/E/G ratio of 2.54 and a beta of 0.93. The stock’s fifty day moving average is $85.47 and its 200-day moving average is $83.78.

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, analysts forecast that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.30 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 1.38%. Columbia Sportswear’s dividend payout ratio is currently 31.01%.

Insider Transactions at Columbia Sportswear

In related news, EVP Richelle T. Luther sold 4,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total value 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. The trade was a 21.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $522,727.30. Following the completion of the transaction, the director now owns 17,048 shares in the company, valued at approximately $1,393,503.52. This trade represents a 27.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 44.70% of the company’s stock.

Hedge Funds Weigh In On Columbia Sportswear

Several institutional investors and hedge funds have recently made changes to their positions in the business. Deutsche Bank AG lifted its stake in Columbia Sportswear by 3.7% in the fourth quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker’s stock valued at $328,000 after buying an additional 141 shares during the last quarter. Signaturefd LLC boosted its position in shares of Columbia Sportswear by 18.4% in the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker’s stock valued at $77,000 after purchasing an additional 142 shares during the period. Cairn Investment Group Inc. boosted its position in shares of Columbia Sportswear by 0.3% in the 4th quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker’s stock valued at $3,750,000 after purchasing an additional 145 shares during the period. Amalgamated Bank boosted its position in Columbia Sportswear by 1.0% during the 4th quarter. Amalgamated Bank now owns 15,337 shares of the textile maker’s stock worth $1,287,000 after acquiring an additional 146 shares during the period. Finally, GAMMA Investing LLC boosted its position in Columbia Sportswear by 43.2% during the 4th quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock worth $50,000 after acquiring an additional 181 shares during the period. 47.76% of the stock is currently 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.