Columbia Sportswear (NASDAQ:COLM) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Columbia Sportswear (NASDAQ:COLM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $82.07 and traded as high as $83.64. Columbia Sportswear shares last traded at $83.20, with a volume of 407,188 shares changing hands.

Analysts Set New Price Targets

COLM has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price target on Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen raised their price target on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Columbia Sportswear has an average rating of “Hold” and an average target price of $80.75.

Columbia Sportswear Price Performance

The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 22.91, a P/E/G ratio of 3.73 and a beta of 0.94. The company’s 50-day simple moving average is $85.61 and its 200-day simple moving average is $82.14.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.20. The business had revenue of $931.80 million during the quarter, compared to analysts’ expectations of $937.17 million. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the firm posted $1.70 EPS. Research analysts expect that Columbia Sportswear will post 3.89 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were given a $0.30 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.45%. Columbia Sportswear’s payout ratio is presently 33.15%.

Hedge Funds Weigh In On Columbia Sportswear

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in shares of Columbia Sportswear by 51.3% during the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after purchasing an additional 142 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of Columbia Sportswear by 1.0% in the third quarter. GHP Investment Advisors Inc. now owns 28,355 shares of the textile maker’s stock valued at $2,359,000 after buying an additional 275 shares during the period. Blue Trust Inc. grew its position in Columbia Sportswear by 68.7% during the third quarter. Blue Trust Inc. now owns 705 shares of the textile maker’s stock worth $56,000 after buying an additional 287 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Columbia Sportswear by 1.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 32,287 shares of the textile maker’s stock worth $2,686,000 after acquiring an additional 506 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its holdings in Columbia Sportswear by 2.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 23,795 shares of the textile maker’s stock valued at $1,980,000 after acquiring an additional 538 shares in the last quarter. 47.76% of the stock is owned by institutional investors.

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.