Columbia Sportswear (NASDAQ:COLM) Sets New 12-Month High – What’s Next?

Shares of Columbia Sportswear (NASDAQ:COLM) hit a new 52-week high during trading on Wednesday . The company traded as high as $91.30 and last traded at $90.47, with a volume of 20036 shares trading hands. The stock had previously closed at $90.71.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on COLM shares. Stifel Nicolaus upped their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. TD Cowen upped their price target 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, StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. One equities 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $80.75.

Columbia Sportswear Price Performance

The firm has a market capitalization of $5.01 billion, a P/E ratio of 24.22, a PEG ratio of 3.74 and a beta of 0.94. The company has a fifty day moving average of $83.97 and a 200 day moving average of $81.85.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, topping 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 net margin of 6.42% and a return on equity of 12.48%. Columbia Sportswear’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 earnings per share. On average, sell-side analysts forecast that Columbia Sportswear will post 3.89 EPS for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Wednesday, November 20th. Columbia Sportswear’s dividend payout ratio is 33.15%.

Institutional Investors Weigh In On Columbia Sportswear

Several large investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its holdings in shares of Columbia Sportswear by 44.3% during the 2nd quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock worth $117,107,000 after buying an additional 454,738 shares in the last quarter. American Century Companies Inc. grew its holdings in Columbia Sportswear by 153.3% in the second quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock worth $48,722,000 after purchasing an additional 372,886 shares during the period. AQR Capital Management LLC increased its stake in Columbia Sportswear by 149.0% in the second quarter. AQR Capital Management LLC now owns 195,933 shares of the textile maker’s stock valued at $15,463,000 after purchasing an additional 117,260 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Columbia Sportswear during the third quarter valued at about $7,676,000. Finally, Marshall Wace LLP boosted its position in shares of Columbia Sportswear by 1,574.3% during the 2nd quarter. Marshall Wace LLP now owns 80,383 shares of the textile maker’s stock worth $6,357,000 after purchasing an additional 75,582 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

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.