Columbia Sportswear (NASDAQ:COLM) Reaches New 12-Month High – Here’s What Happened

Columbia Sportswear (NASDAQ:COLM)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $91.98 and last traded at $91.40, with a volume of 66844 shares traded. The stock had previously closed at $90.30.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. TD Cowen raised their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Stifel Nicolaus lifted their target price on Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th.

Columbia Sportswear Trading Up 0.5 %

The stock has a 50 day moving average price of $85.33 and a two-hundred day moving average price of $83.47. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 2.54 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (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, equities analysts forecast that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.32%. Columbia Sportswear’s payout ratio is presently 31.01%.

Insider Transactions at Columbia Sportswear

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction 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 sale, the director now directly owns 17,048 shares of the company’s stock, valued at approximately $1,393,503.52. The trade was a 27.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 44.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Columbia Sportswear

A number of institutional investors have recently added to or reduced their stakes in the company. Vise Technologies Inc. raised its holdings in shares of Columbia Sportswear by 94.1% in the 4th quarter. Vise Technologies Inc. now owns 6,161 shares of the textile maker’s stock worth $517,000 after purchasing an additional 2,987 shares during the period. Novem Group purchased a new stake in Columbia Sportswear in the 4th quarter worth approximately $292,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Columbia Sportswear by 4.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 111,931 shares of the textile maker’s stock worth $9,394,000 after acquiring an additional 4,829 shares during the last quarter. Sovereign s Capital Management LLC bought a new stake in Columbia Sportswear during the fourth quarter valued at approximately $2,189,000. Finally, Two Sigma Investments LP purchased a new stake in Columbia Sportswear during the fourth quarter valued at about $744,000. 47.76% of the stock is owned by 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.