Columbia Sportswear (NASDAQ:COLM) Sets New 1-Year Low - Should You Sell?

Columbia Sportswear (NASDAQ:COLM - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $67.37 and last traded at $68.24, with a volume of 699721 shares. The stock had previously closed at $77.36.

Wall Street Analyst Weigh In

A number of research firms have commented on COLM. StockNews.com downgraded Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Stifel Nicolaus boosted their price objective on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $68.00 target price (down from $80.00) on shares of Columbia Sportswear in a report on Monday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Columbia Sportswear presently has an average rating of "Hold" and a consensus target price of $83.00.

Columbia Sportswear Stock Performance

The stock has a market capitalization of $3.37 billion, a PE ratio of 15.75, a P/E/G ratio of 2.54 and a beta of 0.91. The company's fifty day simple moving average is $80.68 and its two-hundred day simple moving average is $82.84.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing analysts' consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. Sell-side analysts forecast that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Monday, March 10th. Columbia Sportswear's payout ratio is currently 31.01%.

Insider Activity at Columbia Sportswear

In other Columbia Sportswear news, EVP Richelle T. Luther sold 4,000 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 14,283 shares in the company, valued at approximately $1,319,177.88. The trade was a 21.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald E. Nelson sold 6,395 shares of the firm's stock in a transaction 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 in the company, valued at $1,393,503.52. This trade represents a 27.28 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Columbia Sportswear

Several institutional investors have recently added to or reduced their stakes in COLM. Smartleaf Asset Management LLC grew its holdings in Columbia Sportswear by 184.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock valued at $25,000 after buying an additional 194 shares during the period. GAMMA Investing LLC grew its holdings in Columbia Sportswear by 43.2% in the fourth 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 period. Signaturefd LLC increased its position in Columbia Sportswear by 18.4% during the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock worth $77,000 after purchasing an additional 142 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Columbia Sportswear during the fourth quarter worth approximately $76,000. Finally, Blue Trust Inc. boosted its holdings in shares of Columbia Sportswear by 33.6% in the 4th quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock valued at $78,000 after purchasing an additional 237 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

About Columbia Sportswear

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.