Columbia Sportswear (NASDAQ:COLM) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Columbia Sportswear (NASDAQ:COLM)’s share price crossed 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus upped their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. TD Cowen increased their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Finally, StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $80.75.

Columbia Sportswear Price Performance

The stock’s 50-day moving average is $85.59 and its 200 day moving average is $82.07. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 3.74 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, beating 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 analysts’ expectations of $937.17 million. During the same period last year, the firm earned $1.70 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. Analysts anticipate that Columbia Sportswear will post 3.89 EPS for the current year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.44%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 33.15%.

Institutional Trading of Columbia Sportswear

Several hedge funds and other institutional investors have recently made changes to their positions in COLM. GAMMA Investing LLC grew its position in Columbia Sportswear by 51.3% during the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after buying an additional 142 shares during the period. GHP Investment Advisors Inc. boosted its stake in shares of Columbia Sportswear by 1.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 28,355 shares of the textile maker’s stock worth $2,359,000 after acquiring an additional 275 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Columbia Sportswear by 68.7% in the 3rd quarter. Blue Trust Inc. now owns 705 shares of the textile maker’s stock worth $56,000 after acquiring an additional 287 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Columbia Sportswear by 1.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 32,287 shares of the textile maker’s stock valued at $2,686,000 after purchasing an additional 506 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in Columbia Sportswear by 2.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 23,795 shares of the textile maker’s stock worth $1,980,000 after purchasing an additional 538 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.