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Is the Run Over in Columbia Sportswear?

Cramer sure likes Columbia Sportswear as a company, but he’s starting to get nervous about the stock.

He first recommended Columbia back in late October on its new high-tech clothing, like the Omni-Heat coats and jackets that keep the user warm while allowing excess heat and moisture to escape. He also liked the strong international exposure, with 41 percent of sales coming from outside the U.S., the company’s growing retail presence, the solid balance sheet and rebounding margins.

But now COLM is up 18 percent since then. And it’s trading at 23 times earnings with a 13-percent long-term growth rate. Beyond just the fact that this stock has run, he thinks it’s starting to look expensive, especially after Nike’s disappointing quarter reported Wednesday morning.

But maybe with all these new products and a smart management team Columbia can squeeze still more success out of its present strategy. To find out, Cramer invited CEO Tim Boyle to “Mad Money.” Watch the video for the full interview.

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