Columbia Sportswear (NASDAQ:COLM) Stock Price Up 3.6%

Shares of Columbia Sportswear (NASDAQ:COLM) rose 3.6% during mid-day trading on Monday . The company traded as high as $79.25 and last traded at $79.16. Approximately 339,014 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 488,263 shares. The stock had previously closed at $76.38.

Analysts Set New Price Targets

COLM has been the subject of a number of analyst reports. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd. Wedbush restated a “neutral” rating and issued a $80.00 price target on shares of Columbia Sportswear in a research report on Thursday, July 18th. Finally, Stifel Nicolaus upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and upped their price target for the company from $84.00 to $92.00 in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Columbia Sportswear currently has an average rating of “Hold” and a consensus target price of $78.20.

Columbia Sportswear Stock Up 3.4 %

The company has a market capitalization of $4.67 billion, a PE ratio of 19.27, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. The firm has a 50-day moving average of $80.93 and a two-hundred day moving average of $80.02.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.14. The company had revenue of $570.20 million during the quarter, compared to analyst estimates of $569.37 million. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share. On average, equities research analysts expect that Columbia Sportswear will post 3.85 EPS for the current year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, August 15th. Columbia Sportswear’s dividend payout ratio (DPR) is 29.27%.

Insiders Place Their Bets

In other Columbia Sportswear news, Director Sabrina Simmons sold 523 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total transaction of $42,729.10. Following the transaction, the director now directly owns 6,483 shares in the company, valued at $529,661.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 44.70% of the stock is owned by insiders.

Institutional Trading of Columbia Sportswear

Several hedge funds have recently modified their holdings of COLM. Boston Trust Walden Corp raised its stake in shares of Columbia Sportswear by 30.9% in 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 purchased a new stake in Columbia Sportswear during the 4th quarter worth about $22,526,000. First Trust Advisors LP lifted its holdings in Columbia Sportswear by 28.3% during the 4th quarter. First Trust Advisors LP now owns 476,608 shares of the textile maker’s stock worth $37,909,000 after buying an additional 105,193 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Columbia Sportswear by 10.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,128,258 shares of the textile maker’s stock worth $89,745,000 after buying an additional 104,100 shares during the last quarter. Finally, Verition Fund Management LLC lifted its holdings in Columbia Sportswear by 1,128.3% during the 4th quarter. Verition Fund Management LLC now owns 110,106 shares of the textile maker’s stock worth $8,758,000 after buying an additional 101,142 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

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.