Columbia Sportswear (NASDAQ:COLM) Hits New 1-Year High at $86.61

Columbia Sportswear (NASDAQ:COLM - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $86.61 and last traded at $86.56, with a volume of 59648 shares trading hands. The stock had previously closed at $84.07.

Analysts Set New Price Targets

A number of research analysts recently weighed in on COLM shares. UBS Group decreased their target price on Columbia Sportswear from $62.00 to $59.00 and set a "sell" rating on the stock in a report on Friday, February 2nd. Stifel Nicolaus raised their target price on shares of Columbia Sportswear from $75.00 to $84.00 and gave the stock a "hold" rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $75.75.

Columbia Sportswear Stock Up 0.8 %

The company has a market capitalization of $5.01 billion, a P/E ratio of 20.50, a PEG ratio of 3.50 and a beta of 0.94. The company's fifty day moving average price is $78.79 and its 200 day moving average price is $78.73.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The textile maker reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.36. The firm had revenue of $769.98 million for the quarter, compared to analyst estimates of $740.62 million. Columbia Sportswear had a return on equity of 13.98% and a net margin of 7.20%. The company's revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.74 EPS. Research analysts predict that Columbia Sportswear will post 3.83 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, May 30th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.42%. Columbia Sportswear's payout ratio is 29.27%.

Insider Activity

In other news, CFO Jim A. Swanson sold 7,199 shares of the company's stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $77.50, for a total transaction of $557,922.50. Following the completion of the sale, the chief financial officer now owns 9,423 shares of the company's stock, valued at approximately $730,282.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Jim A. Swanson sold 7,199 shares of the company's stock in a transaction on Monday, April 29th. The stock was sold at an average price of $77.50, for a total transaction of $557,922.50. Following the completion of the sale, the chief financial officer now directly owns 9,423 shares in the company, valued at approximately $730,282.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ronald E. Nelson sold 5,768 shares of the firm's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total value of $473,264.40. Following the completion of the sale, the director now directly owns 16,857 shares in the company, valued at $1,383,116.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,490 shares of company stock worth $1,073,916. 44.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Columbia Sportswear

Several hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in Columbia Sportswear during the 4th quarter worth approximately $6,982,000. Comerica Bank boosted its holdings in shares of Columbia Sportswear by 67.5% during the 3rd quarter. Comerica Bank now owns 57,191 shares of the textile maker's stock worth $4,238,000 after buying an additional 23,055 shares in the last quarter. Quadrature Capital Ltd grew its position in shares of Columbia Sportswear by 107.6% during the 3rd quarter. Quadrature Capital Ltd now owns 90,642 shares of the textile maker's stock worth $6,718,000 after buying an additional 46,972 shares during the period. Morgan Stanley increased its stake in shares of Columbia Sportswear by 9.2% in the 3rd quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker's stock valued at $322,530,000 after acquiring an additional 366,854 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Columbia Sportswear during the 3rd quarter valued at $1,264,000. 47.76% of the stock is currently owned by institutional investors.

About Columbia Sportswear

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.