Shares of Columbia Sportswear (NASDAQ:COLM - Get Free Report) hit a new 52-week high during trading on Thursday . The company 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.
Wall Street Analyst Weigh In
A number of analysts have weighed in on COLM shares. Stifel Nicolaus raised 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 note on Wednesday, February 5th. Finally, TD Cowen boosted their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a "hold" rating in a research note on Tuesday, November 26th.
Check Out Our Latest Analysis on Columbia Sportswear
Columbia Sportswear Stock Down 3.1 %
The stock's 50 day simple moving average is $85.47 and its two-hundred day simple moving average is $83.83. The company has a market cap of $4.81 billion, a PE ratio of 21.75, a P/E/G ratio of 2.54 and a beta of 0.93.
Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced 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%. Analysts forecast that Columbia Sportswear will post 4.1 EPS for the current year.
Columbia Sportswear Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear's dividend payout ratio is presently 31.01%.
Insider Buying and Selling
In other Columbia Sportswear news, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction that occurred on Wednesday, February 26th. The shares were 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. The trade was a 21.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $81.74, for a total value of $522,727.30. Following the completion of the transaction, the director now directly owns 17,048 shares in the company, valued at $1,393,503.52. This represents a 27.28 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is owned by company insiders.
Institutional Investors Weigh In On Columbia Sportswear
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COLM. Smartleaf Asset Management LLC raised its position in shares of Columbia Sportswear by 184.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock valued at $25,000 after purchasing an additional 194 shares during the period. GAMMA Investing LLC raised its stake in shares of 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 buying an additional 181 shares in the last quarter. Signaturefd LLC boosted its holdings in Columbia Sportswear by 18.4% during 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 in the last quarter. Lazard Asset Management LLC bought a new stake in Columbia Sportswear in the fourth quarter valued at $76,000. Finally, Blue Trust Inc. increased its position in shares of Columbia Sportswear by 33.6% during the 4th quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock worth $78,000 after purchasing an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company's stock.
Columbia Sportswear Company Profile
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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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