Columbia Sportswear (NASDAQ:COLM) Shares Up 2% – Still a Buy?

Columbia Sportswear (NASDAQ:COLM) traded up 2% during trading on Friday . The company traded as high as $69.33 and last traded at $68.52. 445,296 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 523,030 shares. The stock had previously closed at $67.19.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on COLM shares. Stifel Nicolaus increased their price target on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th.

Columbia Sportswear Stock Up 2.5 %

The stock’s 50-day simple moving average is $82.29 and its 200 day simple moving average is $83.26. The firm has a market cap of $3.81 billion, a P/E ratio of 17.79, a PEG ratio of 2.54 and a beta of 0.90.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Tuesday, February 4th. The textile maker reported $1.80 EPS 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, research analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.74%. The ex-dividend date was Monday, March 10th. Columbia Sportswear’s dividend payout ratio is presently 31.01%.

Insiders Place Their Bets

In other Columbia Sportswear news, EVP Richelle T. Luther sold 4,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total value of $369,440.00. Following the transaction, the executive vice president now owns 14,283 shares in the company, valued at approximately $1,319,177.88. This represents a 21.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald E. Nelson sold 6,395 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total value 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 disclosure for this sale can be found here. Corporate insiders own 44.70% of the company’s stock.

Institutional Trading of Columbia Sportswear

Several hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Columbia Sportswear by 10.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,185 shares of the textile maker’s stock valued at $519,000 after buying an additional 562 shares in the last quarter. Vise Technologies Inc. raised its holdings in shares of Columbia Sportswear by 94.1% in the 4th quarter. Vise Technologies Inc. now owns 6,161 shares of the textile maker’s stock worth $517,000 after acquiring an additional 2,987 shares during the last quarter. Novem Group acquired a new position in Columbia Sportswear during the 4th quarter valued at about $292,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Columbia Sportswear by 4.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 111,931 shares of the textile maker’s stock worth $9,394,000 after purchasing an additional 4,829 shares in the last quarter. Finally, Sovereign s Capital Management LLC purchased a new stake in shares of Columbia Sportswear in the fourth quarter worth approximately $2,189,000. Institutional investors and hedge funds 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.