Richelle T. Luther Sells 4,000 Shares of Columbia Sportswear (NASDAQ:COLM) Stock

Columbia Sportswear (NASDAQ:COLM) EVP Richelle T. Luther sold 4,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total transaction of $369,440.00. Following the sale, the executive vice president now directly owns 14,283 shares in the company, valued at $1,319,177.88. The trade was a 21.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Columbia Sportswear Stock Performance

Columbia Sportswear stock opened at $86.84 on Friday. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $92.88. The stock has a market cap of $4.97 billion, a P/E ratio of 22.44, a PEG ratio of 2.54 and a beta of 0.93. The firm’s fifty day moving average price is $85.47 and its 200-day moving average price is $83.78.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. Sell-side analysts predict that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Monday, March 10th. Columbia Sportswear’s dividend payout ratio is currently 31.01%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Columbia Sportswear

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its holdings in shares of Columbia Sportswear by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock worth $147,544,000 after acquiring an additional 292,716 shares during the last quarter. Boston Trust Walden Corp raised its position in Columbia Sportswear by 0.3% during the fourth quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker’s stock valued at $107,778,000 after purchasing an additional 3,214 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Columbia Sportswear by 10.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker’s stock worth $101,355,000 after purchasing an additional 109,488 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Columbia Sportswear by 18.0% in the 4th quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker’s stock worth $74,255,000 after purchasing an additional 134,813 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Columbia Sportswear by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker’s stock valued at $50,328,000 after purchasing an additional 4,727 shares during the last quarter. 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.