Columbia Sportswear (NASDAQ:COLM) Trading 5.6% Higher - What's Next?

Columbia Sportswear (NASDAQ:COLM - Get Free Report) shot up 5.6% during mid-day trading on Monday . The company traded as high as $88.69 and last traded at $88.67. 114,917 shares were traded during mid-day trading, a decline of 83% from the average session volume of 689,306 shares. The stock had previously closed at $83.96.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on COLM. StockNews.com cut shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. 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 report on Tuesday, November 26th. Finally, Stifel Nicolaus boosted their price objective on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th.

Columbia Sportswear Stock Performance

The firm has a market cap of $4.40 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90. The firm's fifty day moving average price is $85.16 and its 200 day moving average price is $83.96.

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

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Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.51%. The ex-dividend date is Monday, March 10th. Columbia Sportswear's payout ratio is currently 31.01%.

Insiders Place Their Bets

In other news, Director Ronald E. Nelson sold 6,395 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were 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 owns 17,048 shares of the company's stock, valued at approximately $1,393,503.52. This trade represents a 27.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $369,440.00. Following the completion of the transaction, the executive vice president now directly owns 14,283 shares of the company's stock, valued at approximately $1,319,177.88. The trade was a 21.88 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in Columbia Sportswear by 184.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock worth $25,000 after acquiring an additional 194 shares during the last quarter. GAMMA Investing LLC lifted its stake in Columbia Sportswear by 43.2% in 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 purchased a new position in Columbia Sportswear in the fourth quarter worth approximately $76,000. Signaturefd LLC lifted its stake in Columbia Sportswear by 18.4% in the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock worth $77,000 after acquiring an additional 142 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Columbia Sportswear by 33.6% in the fourth quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock worth $78,000 after acquiring an additional 237 shares during the last quarter. Hedge funds and other institutional investors 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.