Columbia Sportswear (NASDAQ:COLM) Shares Up 4.5% - Still a Buy?

Columbia Sportswear (NASDAQ:COLM - Get Free Report) shot up 4.5% during mid-day trading on Monday . The stock traded as high as $61.80 and last traded at $62.29. 346,327 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 561,955 shares. The stock had previously closed at $59.63.

Wall Street Analyst Weigh In

Several research firms recently issued reports on COLM. Citigroup reiterated a "neutral" rating and issued a $68.00 price objective (down from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Barclays reduced their target price on shares of Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating for the company in a research report on Friday. UBS Group boosted their price target on shares of Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research report on Monday, April 14th. Finally, Stifel Nicolaus lowered their target price on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $70.00.

Columbia Sportswear Stock Performance

The business has a 50-day moving average of $72.89 and a 200-day moving average of $80.63. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 2.54 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The textile maker reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. The firm had revenue of $778.45 million during the quarter, compared to analysts' expectations of $763.50 million. During the same quarter last year, the company posted $0.71 EPS. The firm's quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.93%. Columbia Sportswear's payout ratio is 31.01%.

Insider Activity

In other Columbia Sportswear news, EVP Richelle T. Luther sold 4,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the transaction, the executive vice president now owns 14,283 shares of the company's stock, valued at approximately $1,319,177.88. This trade represents a 21.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ronald E. Nelson sold 6,395 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.74, for a total value of $522,727.30. Following the transaction, the director now owns 17,048 shares in the company, valued at $1,393,503.52. This represents a 27.28 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 44.70% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in Columbia Sportswear in the 4th quarter valued at about $25,710,000. Arrowstreet Capital Limited Partnership grew its position in Columbia Sportswear by 447.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 294,471 shares of the textile maker's stock valued at $24,715,000 after buying an additional 240,709 shares during the last quarter. Barclays PLC raised its position in Columbia Sportswear by 487.8% during the 4th quarter. Barclays PLC now owns 271,293 shares of the textile maker's stock worth $22,770,000 after buying an additional 225,140 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Columbia Sportswear in the first quarter valued at about $15,099,000. Finally, American Century Companies Inc. raised its holdings in Columbia Sportswear by 18.0% during the fourth quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker's stock worth $74,255,000 after purchasing an additional 134,813 shares in the last quarter. 47.76% of the stock is owned by hedge funds and other 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.

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