Columbia Sportswear (NASDAQ:COLM) Trading 2% Higher – Here’s What Happened

by · The Cerbat Gem

Columbia Sportswear (NASDAQ:COLM – Get Free Report) was up 2% on Friday . The stock traded as high as $69.33 and last traded at $68.52. Approximately 445,296 shares were traded during trading, a decline of 15% from the average daily volume of 523,030 shares. The stock had previously closed at $67.19.

Analyst Ratings Changes

COLM has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

Read Our Latest Analysis on Columbia Sportswear

Columbia Sportswear Stock Up 4.2 %

The company has a market cap of $3.87 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90. The company has a fifty day simple moving average of $82.70 and a two-hundred day simple moving average of $83.36.

Columbia Sportswear (NASDAQ:COLM – Get Free Report) last announced its earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. On average, research analysts predict that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.30 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.71%. Columbia Sportswear’s dividend payout ratio (DPR) is 31.01%.

Insider Activity at Columbia Sportswear

In related news, EVP Richelle T. Luther sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 owns 14,283 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald E. Nelson sold 6,395 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were 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. This trade represents a 27.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 44.70% of the company’s stock.

Institutional Investors Weigh In On Columbia Sportswear

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Columbia Sportswear in the 4th quarter worth about $25,710,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Columbia Sportswear by 447.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 294,471 shares of the textile maker’s stock worth $24,715,000 after acquiring an additional 240,709 shares during the last quarter. Barclays PLC grew its holdings in Columbia Sportswear by 487.8% in the fourth quarter. Barclays PLC now owns 271,293 shares of the textile maker’s stock valued at $22,770,000 after purchasing an additional 225,140 shares during the period. American Century Companies Inc. increased its position 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 during the last quarter. Finally, Millennium Management LLC purchased a new position in Columbia Sportswear during the fourth quarter worth approximately $9,626,000. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Company Profile

(Get Free Report)

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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