Columbia Sportswear (NASDAQ:COLM) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why

Columbia Sportswear (NASDAQ:COLM - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $82.00 and traded as high as $85.21. Columbia Sportswear shares last traded at $83.47, with a volume of 414,698 shares traded.

Wall Street Analyst Weigh In

COLM has been the subject of several analyst reports. StockNews.com upgraded Columbia Sportswear from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. Stifel Nicolaus raised their price target 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, TD Cowen raised their target price on Columbia Sportswear from $70.00 to $84.00 and gave the stock a "hold" rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $80.75.

Columbia Sportswear Stock Performance

The stock's 50-day moving average is $84.71 and its two-hundred day moving average is $82.02. The stock has a market cap of $4.80 billion, a PE ratio of 23.19, a PEG ratio of 3.74 and a beta of 0.94.

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

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.43%. Columbia Sportswear's dividend payout ratio is presently 33.15%.

Institutional Investors Weigh In On Columbia Sportswear

Large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its stake in shares of Columbia Sportswear by 2.1% in the third quarter. Franklin Resources Inc. now owns 212,061 shares of the textile maker's stock worth $16,950,000 after acquiring an additional 4,425 shares in the last quarter. Geode Capital Management LLC grew its stake in Columbia Sportswear by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker's stock worth $50,328,000 after purchasing an additional 4,727 shares in the last quarter. Petrus Trust Company LTA purchased a new stake in Columbia Sportswear during the 3rd quarter worth about $715,000. Holocene Advisors LP raised its position in Columbia Sportswear by 71.8% in the 3rd quarter. Holocene Advisors LP now owns 57,200 shares of the textile maker's stock valued at $4,758,000 after purchasing an additional 23,909 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Columbia Sportswear by 0.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 107,102 shares of the textile maker's stock valued at $8,910,000 after buying an additional 794 shares during the period. 47.76% of the stock is owned by hedge funds and other institutional investors.

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.