Columbia Sportswear (NASDAQ:COLM) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Columbia Sportswear (NASDAQ:COLM) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 brokerages have recently weighed in on COLM. TD Cowen lifted their price target on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report 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 upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $80.75.

Columbia Sportswear Price Performance

The company has a market cap of $4.74 billion, a P/E ratio of 22.91, a P/E/G ratio of 3.73 and a beta of 0.94. The company’s 50-day moving average price is $85.61 and its 200-day moving average price is $82.14.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. The firm 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 company’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 EPS. On average, equities research analysts predict that Columbia Sportswear will post 3.89 EPS for the current year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Wednesday, November 20th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 33.15%.

Institutional Trading of Columbia Sportswear

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. boosted its stake 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 during the last quarter. American Century Companies Inc. raised its holdings in Columbia Sportswear by 153.3% during the second quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock worth $48,722,000 after acquiring an additional 372,886 shares in the last quarter. AQR Capital Management LLC boosted its position in Columbia Sportswear by 149.0% during 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 during the last quarter. International Assets Investment Management LLC bought a new position in Columbia Sportswear in the third quarter valued at approximately $7,676,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Columbia Sportswear during the 4th quarter worth approximately $6,356,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

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.