Columbia Sportswear (NASDAQ:COLM) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Columbia Sportswear (NASDAQ:COLM) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $82.00 and traded as high as $85.21. Columbia Sportswear shares last traded at $83.47, with a volume of 414,698 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Stifel Nicolaus raised their price target on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Columbia Sportswear currently has a consensus rating of “Hold” and an average price target of $80.75.

Columbia Sportswear Trading Down 2.7 %

The firm has a market capitalization of $4.77 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 3.74 and a beta of 0.94. The firm has a 50 day moving average price of $84.62 and a 200-day moving average price of $82.00.

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

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Wednesday, November 20th. Columbia Sportswear’s dividend payout ratio is currently 33.15%.

Institutional Investors Weigh In On Columbia Sportswear

Institutional investors and hedge funds have recently modified their holdings of the business. Impax Asset Management Group plc lifted its stake in shares of Columbia Sportswear by 79.2% during the 3rd quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker’s stock worth $7,530,000 after acquiring an additional 40,000 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Columbia Sportswear during the 3rd quarter worth approximately $7,676,000. Pacer Advisors Inc. lifted its stake in shares of Columbia Sportswear by 44.3% during the 2nd quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock worth $117,107,000 after acquiring an additional 454,738 shares during the last quarter. MQS Management LLC bought a new stake in shares of Columbia Sportswear during the 3rd quarter worth approximately $499,000. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Columbia Sportswear by 113.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 36,481 shares of the textile maker’s stock worth $3,034,000 after acquiring an additional 19,413 shares during 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.