Columbia Sportswear (NASDAQ:COLM) Hits New 12-Month Low - Should You Sell?

Shares of Columbia Sportswear (NASDAQ:COLM - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $60.51 and last traded at $60.97, with a volume of 1265143 shares. The stock had previously closed at $65.55.

Analyst Ratings Changes

Several research analysts have recently issued reports on COLM shares. StockNews.com downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Stifel Nicolaus cut their target price on Columbia Sportswear from $100.00 to $91.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Citigroup reissued a "neutral" rating and issued a $68.00 target price (down from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $80.75.

Columbia Sportswear Stock Up 3.4 %

The firm has a fifty day simple moving average of $79.05 and a 200-day simple moving average of $82.45. The company has a market capitalization of $3.76 billion, a P/E ratio of 17.53, a P/E/G ratio of 2.54 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly 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, sell-side analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.77%. Columbia Sportswear's dividend payout ratio is presently 31.01%.

Insider Activity

In other Columbia Sportswear news, EVP Richelle T. Luther sold 4,000 shares of the firm's 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 sale, the executive vice president now owns 14,283 shares in the company, valued at $1,319,177.88. This trade represents a 21.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ronald E. Nelson sold 6,395 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.74, for a total transaction of $522,727.30. Following the transaction, the director now owns 17,048 shares of the company's stock, valued at $1,393,503.52. This trade represents a 27.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 44.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Columbia Sportswear

Institutional investors and hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in 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. Whipplewood Advisors LLC increased its stake in shares of Columbia Sportswear by 12,400.0% in the first quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker's stock valued at $47,000 after buying an additional 620 shares during the period. GAMMA Investing LLC raised its position in shares of Columbia Sportswear by 43.2% during the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker's stock worth $50,000 after acquiring an additional 181 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Columbia Sportswear in the fourth quarter worth approximately $76,000. Finally, Signaturefd LLC raised its holdings in Columbia Sportswear by 18.4% during the 4th 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. Institutional investors and hedge funds own 47.76% of the company's stock.

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.