Columbia Sportswear (NASDAQ:COLM) Shares Down 2.5%

Columbia Sportswear (NASDAQ:COLM - Get Free Report) shares fell 2.5% during trading on Monday . The company traded as low as $77.32 and last traded at $78.02. 166,164 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 512,897 shares. The stock had previously closed at $80.00.

Analyst Ratings Changes

Several brokerages recently weighed in on COLM. StockNews.com cut Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Tuesday, January 9th. Stifel Nicolaus lifted their price objective on shares of Columbia Sportswear from $75.00 to $84.00 and gave the stock a "hold" rating in a research note on Friday. Finally, UBS Group cut their target price on shares of Columbia Sportswear from $62.00 to $59.00 and set a "sell" rating for the company in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating and five have given a hold 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 $75.75.

Columbia Sportswear Price Performance

The firm has a market capitalization of $4.70 billion, a PE ratio of 18.95, a P/E/G ratio of 3.27 and a beta of 0.94. The firm has a fifty day moving average price of $78.80 and a 200 day moving average price of $78.09.

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, beating analysts' consensus estimates of $0.35 by $0.36. The company had revenue of $769.98 million during the quarter, compared to analyst estimates of $740.62 million. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The business's quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 earnings per share. On average, sell-side analysts expect that Columbia Sportswear will post 3.69 EPS for the current year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Wednesday, May 15th. Columbia Sportswear's dividend payout ratio is 29.27%.

Insider Buying and Selling at Columbia Sportswear

In related news, Director Stephen E. Babson sold 2,411 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $80.98, for a total value of $195,242.78. Following the completion of the sale, the director now directly owns 122,879 shares of the company's stock, valued at approximately $9,950,741.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Ronald E. Nelson sold 5,768 shares of the business's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total transaction of $473,264.40. Following the transaction, the director now directly owns 16,857 shares in the company, valued at approximately $1,383,116.85. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stephen E. Babson sold 2,411 shares of the company's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $80.98, for a total transaction of $195,242.78. Following the completion of the transaction, the director now directly owns 122,879 shares in the company, valued at $9,950,741.42. The disclosure for this sale can be found here. Company insiders own 43.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of COLM. Morgan Stanley lifted its holdings in shares of Columbia Sportswear by 9.2% during the 3rd quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker's stock valued at $322,530,000 after buying an additional 366,854 shares during the last quarter. Boston Trust Walden Corp raised its position in Columbia Sportswear by 30.9% during the fourth quarter. Boston Trust Walden Corp now owns 1,294,410 shares of the textile maker's stock valued at $102,957,000 after acquiring an additional 305,592 shares in the last quarter. Norges Bank acquired a new stake in Columbia Sportswear in the fourth quarter valued at approximately $22,526,000. Invesco Ltd. grew its position in Columbia Sportswear by 89.5% in the third quarter. Invesco Ltd. now owns 475,945 shares of the textile maker's stock worth $35,268,000 after acquiring an additional 224,755 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Columbia Sportswear by 13.4% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,469,768 shares of the textile maker's stock worth $108,910,000 after purchasing an additional 173,291 shares during the last quarter. Hedge funds and other institutional investors 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.