Columbia Sportswear (NASDAQ:COLM) Director Sells $522,727.30 in Stock

Columbia Sportswear (NASDAQ:COLM) Director Ronald E. Nelson sold 6,395 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.74, for a total value of $522,727.30. Following the transaction, the director now owns 17,048 shares in the company, valued at approximately $1,393,503.52. This represents a 27.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Columbia Sportswear Stock Performance

COLM stock opened at $88.85 on Wednesday. The firm has a market cap of $5.08 billion, a PE ratio of 22.96, a PEG ratio of 3.16 and a beta of 0.93. The firm’s 50 day moving average price is $85.26 and its 200-day moving average price is $83.19. Columbia Sportswear has a one year low of $73.04 and a one year high of $91.30.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. Equities research analysts predict that Columbia Sportswear will post 4.12 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear’s payout ratio is 31.01%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on COLM. Stifel Nicolaus boosted their target price on Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. TD Cowen lifted their price target on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research report on Tuesday, November 26th. Finally, StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th.

Institutional Trading of Columbia Sportswear

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in Columbia Sportswear by 184.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 194 shares during the period. GAMMA Investing LLC raised its position in Columbia Sportswear by 43.2% in the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock valued at $50,000 after purchasing an additional 181 shares during the period. Blue Trust Inc. raised its position in Columbia Sportswear by 68.7% in the third quarter. Blue Trust Inc. now owns 705 shares of the textile maker’s stock valued at $56,000 after purchasing an additional 287 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of Columbia Sportswear in the third quarter worth $65,000. Finally, nVerses Capital LLC acquired a new position in shares of Columbia Sportswear in the third quarter worth $75,000. Hedge funds and other institutional investors own 47.76% of the company’s stock.

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.