Columbia Sportswear (NASDAQ:COLM) Sets New 1-Year High – Still a Buy?

Columbia Sportswear (NASDAQ:COLM)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $88.00 and last traded at $88.00, with a volume of 71202 shares trading hands. The stock had previously closed at $83.48.

Wall Street Analyst Weigh In

COLM has been the topic of several research reports. TD Cowen boosted their price target on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a report on Tuesday. StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $78.75.

Columbia Sportswear Price Performance

The stock has a 50-day moving average price of $81.60 and a 200-day moving average price of $81.30. The company has a market capitalization of $4.98 billion, a P/E ratio of 24.01, a P/E/G ratio of 3.71 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The firm had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. During the same quarter in the previous year, the company earned $1.70 EPS. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. Sell-side analysts anticipate that Columbia Sportswear will post 3.87 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Wednesday, November 20th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 33.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in COLM. Vanguard Group Inc. lifted its stake in Columbia Sportswear by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock valued at $257,373,000 after buying an additional 21,104 shares during the period. Pacer Advisors Inc. increased its stake in Columbia Sportswear by 19.8% in the third quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock valued at $147,544,000 after purchasing an additional 292,716 shares in the last quarter. Boston Trust Walden Corp increased its stake in Columbia Sportswear by 1.1% in the second quarter. Boston Trust Walden Corp now owns 1,304,761 shares of the textile maker’s stock valued at $103,180,000 after purchasing an additional 13,636 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Columbia Sportswear by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,195,386 shares of the textile maker’s stock valued at $94,530,000 after purchasing an additional 56,348 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Columbia Sportswear by 153.3% during the 2nd quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock worth $48,722,000 after purchasing an additional 372,886 shares in the last quarter. 47.76% of the stock is owned by institutional investors and hedge funds.

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.