Columbia Sportswear (NASDAQ:COLM) Reaches New 52-Week High at $86.61

Columbia Sportswear (NASDAQ:COLMGet Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $86.61 and last traded at $86.56, with a volume of 59648 shares. The stock had previously closed at $84.07.

Analyst Ratings Changes

A number of brokerages have issued reports on COLM. Stifel Nicolaus lifted their target price on shares of Columbia Sportswear from $75.00 to $84.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. UBS Group cut their target price on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $75.75.

Check Out Our Latest Stock Report on COLM

Columbia Sportswear Price Performance

The business’s 50-day moving average price is $78.79 and its two-hundred day moving average price is $78.73. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 3.50 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLMGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.36. The business had revenue of $769.98 million during the quarter, compared to analyst estimates of $740.62 million. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The company’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 earnings per share. As a group, sell-side analysts forecast that Columbia Sportswear will post 3.83 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.42%. Columbia Sportswear’s payout ratio is 29.27%.

Insider Activity at Columbia Sportswear

In related news, Director Sabrina Simmons sold 523 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total value of $42,729.10. Following the completion of the sale, the director now directly owns 6,483 shares in the company, valued at $529,661.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Sabrina Simmons sold 523 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total value of $42,729.10. Following the completion of the sale, the director now directly owns 6,483 shares in the company, valued at $529,661.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jim A. Swanson sold 7,199 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $77.50, for a total transaction of $557,922.50. Following the completion of the sale, the chief financial officer now owns 9,423 shares of the company’s stock, valued at $730,282.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,490 shares of company stock worth $1,073,916. 44.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Columbia Sportswear

Several institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp grew its stake in Columbia Sportswear by 44.3% during the third quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock worth $37,000 after buying an additional 154 shares during the period. Venturi Wealth Management LLC grew its stake in Columbia Sportswear by 76.2% during the fourth quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock worth $36,000 after buying an additional 195 shares during the period. Louisiana State Employees Retirement System grew its stake in Columbia Sportswear by 2.1% during the first quarter. Louisiana State Employees Retirement System now owns 9,900 shares of the textile maker’s stock worth $804,000 after buying an additional 200 shares during the period. State of Michigan Retirement System grew its stake in Columbia Sportswear by 2.4% during the first quarter. State of Michigan Retirement System now owns 8,474 shares of the textile maker’s stock worth $688,000 after buying an additional 200 shares during the period. Finally, Cascade Investment Advisors Inc. grew its stake in Columbia Sportswear by 1.0% during the fourth quarter. Cascade Investment Advisors Inc. now owns 20,085 shares of the textile maker’s stock worth $1,598,000 after buying an additional 205 shares during the period. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

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.

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