Columbia Sportswear (NASDAQ:COLM) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Columbia Sportswear (NASDAQ:COLM - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $82.07 and traded as high as $83.64. Columbia Sportswear shares last traded at $83.20, with a volume of 407,188 shares traded.

Analysts Set New Price Targets

A number of research firms recently issued reports on COLM. Stifel Nicolaus lifted their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. StockNews.com upgraded shares of Columbia Sportswear from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. Finally, TD Cowen lifted 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. 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 Trading Up 0.3 %

The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 3.74 and a beta of 0.93. The stock has a fifty day simple moving average of $85.63 and a 200-day simple moving average of $82.13.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.20. The business had revenue of $931.80 million for the quarter, compared to analyst estimates of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. Columbia Sportswear's revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.70 earnings per share. Sell-side analysts forecast that Columbia Sportswear will post 3.89 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.20 annualized dividend and a yield of 1.44%. Columbia Sportswear's dividend payout ratio (DPR) is 33.15%.

Institutional Trading of Columbia Sportswear

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Columbia Sportswear by 51.3% in the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker's stock valued at $35,000 after buying an additional 142 shares during the period. Blue Trust Inc. raised its position in Columbia Sportswear by 68.7% in the third quarter. Blue Trust Inc. now owns 705 shares of the textile maker's stock worth $56,000 after purchasing an additional 287 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in Columbia Sportswear during the third quarter worth about $65,000. nVerses Capital LLC bought a new stake in shares of Columbia Sportswear in the 3rd quarter valued at approximately $75,000. Finally, Algert Global LLC bought a new position in shares of Columbia Sportswear during the 2nd quarter worth approximately $286,000. 47.76% of the stock is currently owned by institutional investors.

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.