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

Shares of 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 trading, a decline of 38% from the average session volume of 561,955 shares. The stock had previously closed at $59.63.

Analysts Set New Price Targets

Several brokerages have issued reports on COLM. Citigroup reaffirmed a "neutral" rating and issued a $68.00 target price (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. Stifel Nicolaus cut their target price on shares of Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. StockNews.com lowered shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Barclays cut their price target on shares of Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Finally, UBS Group upped their price objective on shares of Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Columbia Sportswear currently has an average rating of "Hold" and an average price target of $70.00.

Columbia Sportswear Trading Down 1.7 %

The stock has a market cap of $3.65 billion, a PE ratio of 17.09, a P/E/G ratio of 2.54 and a beta of 1.00. The business has a fifty day simple moving average of $70.66 and a two-hundred day simple moving average of $80.07.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. The business had revenue of $778.45 million during the quarter, compared to the consensus estimate of $763.50 million. During the same quarter in the prior year, the company earned $0.71 earnings per share. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. On average, research analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be given 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 1.81%. Columbia Sportswear's dividend payout ratio is currently 30.69%.

Insider Buying and Selling at Columbia Sportswear

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

Institutional Trading of Columbia Sportswear

Several institutional investors have recently added to or reduced their stakes in COLM. Smartleaf Asset Management LLC lifted its holdings in shares of Columbia Sportswear by 184.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock valued at $25,000 after purchasing an additional 194 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in Columbia Sportswear during the 1st quarter valued at about $38,000. Whipplewood Advisors LLC boosted its holdings in shares of Columbia Sportswear by 12,400.0% during the 1st quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker's stock valued at $47,000 after acquiring an additional 620 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Columbia Sportswear by 43.2% in the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker's stock worth $50,000 after acquiring an additional 181 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in shares of Columbia Sportswear during the fourth quarter valued at approximately $76,000. 47.76% of the stock is currently 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.