Columbia Sportswear (NASDAQ:COLM) Director Sells $297,072.96 in Stock

Columbia Sportswear (NASDAQ:COLMGet Rating) Director Ronald E. Nelson sold 3,706 shares of the firm’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $80.16, for a total value of $297,072.96. Following the completion of the sale, the director now directly owns 14,402 shares of the company’s stock, valued at $1,154,464.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Columbia Sportswear stock opened at $76.31 on Friday. The stock has a fifty day moving average of $88.49 and a two-hundred day moving average of $94.31. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.69 and a beta of 0.90. Columbia Sportswear has a fifty-two week low of $76.01 and a fifty-two week high of $109.40.

Columbia Sportswear (NASDAQ:COLMGet Rating) last released its quarterly earnings results on Thursday, April 28th. The textile maker reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.18. The company had revenue of $761.50 million during the quarter, compared to the consensus estimate of $762.88 million. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. Columbia Sportswear’s revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share. Research analysts anticipate that Columbia Sportswear will post 5.85 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 2nd. Shareholders of record on Thursday, May 19th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, May 18th. Columbia Sportswear’s payout ratio is 21.62%.

Several research firms have recently commented on COLM. CL King raised Columbia Sportswear to a “buy” rating and set a $117.00 price target for the company in a report on Friday, February 4th. Cowen raised their price target on Columbia Sportswear from $110.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, February 9th. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Friday, April 29th. TheStreet downgraded Columbia Sportswear from a “b” rating to a “c+” rating in a research note on Thursday, April 28th. Finally, Seaport Res Ptn raised Columbia Sportswear from a “neutral” rating to a “buy” rating in a research note on Friday, January 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Columbia Sportswear currently has a consensus rating of “Hold” and an average target price of $104.57.

A number of institutional investors have recently added to or reduced their stakes in COLM. Morgan Stanley increased its position in Columbia Sportswear by 106.0% during the second quarter. Morgan Stanley now owns 130,478 shares of the textile maker’s stock worth $12,834,000 after buying an additional 67,154 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Columbia Sportswear by 3.9% in the third quarter. New York State Common Retirement Fund now owns 45,405 shares of the textile maker’s stock valued at $4,352,000 after purchasing an additional 1,705 shares during the period. Treasurer of the State of North Carolina grew its position in shares of Columbia Sportswear by 3.5% in the third quarter. Treasurer of the State of North Carolina now owns 14,385 shares of the textile maker’s stock valued at $1,379,000 after purchasing an additional 489 shares during the period. Shell Asset Management Co. purchased a new stake in shares of Columbia Sportswear in the third quarter valued at $477,000. Finally, Deutsche Bank AG grew its position in shares of Columbia Sportswear by 9.5% in the third quarter. Deutsche Bank AG now owns 20,530 shares of the textile maker’s stock valued at $1,967,000 after purchasing an additional 1,782 shares during the period. 48.65% of the stock is owned by institutional investors.

About Columbia Sportswear (Get Rating)

Columbia Sportswear Company, together with its subsidiaries, designs, sources, 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 that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.

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