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

Shares of Columbia Sportswear (NASDAQ:COLM - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock 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.

Wall Street Analyst Weigh In

COLM has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their target price on Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. TD Cowen upped their price target on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a "hold" rating in a report on Tuesday, November 26th. Finally, StockNews.com downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th.

Columbia Sportswear Stock Down 0.3 %

The company has a 50 day simple moving average of $85.37 and a 200-day simple moving average of $83.56. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 2.54 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. On average, equities research analysts expect that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

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Columbia Sportswear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.31%. Columbia Sportswear's payout ratio is currently 31.01%.

Insider Activity

In related news, Director Ronald E. Nelson sold 6,395 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was 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 trade represents a 27.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 44.70% of the company's stock.

Institutional Investors Weigh In On Columbia Sportswear

Several large investors have recently added to or reduced their stakes in COLM. Smartleaf Asset Management LLC boosted its holdings in shares of Columbia Sportswear by 184.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock valued at $25,000 after acquiring an additional 194 shares during the period. GAMMA Investing LLC lifted its position in Columbia Sportswear by 43.2% in the 4th quarter. GAMMA Investing LLC now owns 600 shares of the textile maker's stock valued at $50,000 after purchasing an additional 181 shares during the last quarter. Blue Trust Inc. boosted its stake in Columbia Sportswear by 68.7% during 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. Lazard Asset Management LLC bought a new position in Columbia Sportswear in the 4th quarter worth about $76,000. Finally, Signaturefd LLC increased its stake in shares of Columbia Sportswear by 18.4% in the fourth 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. 47.76% of the stock is owned by institutional investors and hedge funds.

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.