Columbia Sportswear (NASDAQ:COLM) Reaches New 1-Year High – Still a Buy?

Columbia Sportswear (NASDAQ:COLM) shares hit a new 52-week high during trading on Monday . The company traded as high as $90.12 and last traded at $89.98, with a volume of 249503 shares traded. The stock had previously closed at $88.35.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on COLM. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Columbia Sportswear has an average rating of “Hold” and a consensus target price of $78.75.

Columbia Sportswear Price Performance

The business has a fifty day moving average of $82.85 and a 200 day moving average of $81.58. The stock has a market cap of $5.15 billion, a PE ratio of 24.89, a P/E/G ratio of 3.71 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last released its 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. The company had revenue of $931.80 million during the quarter, compared to analysts’ expectations of $937.17 million. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The business’s revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 EPS. On average, equities research analysts expect that Columbia Sportswear will post 3.89 EPS for the current year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.33%. 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 bought and sold shares of COLM. Pacer Advisors Inc. increased its holdings in shares of Columbia Sportswear by 19.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock valued at $147,544,000 after acquiring an additional 292,716 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in Columbia Sportswear by 1.1% in the second quarter. Boston Trust Walden Corp now owns 1,304,761 shares of the textile maker’s stock worth $103,180,000 after purchasing an additional 13,636 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Columbia Sportswear by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,195,386 shares of the textile maker’s stock worth $94,530,000 after purchasing an additional 56,348 shares during the period. American Century Companies Inc. lifted its position in shares of Columbia Sportswear by 153.3% in the 2nd quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock worth $48,722,000 after buying an additional 372,886 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Columbia Sportswear by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker’s stock worth $50,328,000 after buying an additional 4,727 shares during the last quarter. 47.76% of the stock is 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.