Columbia Sportswear (NASDAQ:COLM) Director Sells $42,729.10 in Stock

Columbia Sportswear (NASDAQ:COLM) Director Sabrina Simmons sold 523 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total transaction of $42,729.10. Following the transaction, the director now owns 6,483 shares of the company’s stock, valued at approximately $529,661.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Columbia Sportswear Price Performance

Shares of COLM stock opened at $81.01 on Friday. The company has a market cap of $4.84 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 3.40 and a beta of 0.94. The stock’s 50 day simple moving average is $78.71 and its two-hundred day simple moving average is $78.31. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $86.11.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.36. The company had revenue of $769.98 million for the quarter, compared to analyst estimates of $740.62 million. Columbia Sportswear had a return on equity of 13.98% and a net margin of 7.20%. Columbia Sportswear’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 EPS. Equities research analysts expect that Columbia Sportswear will post 3.83 EPS for the current year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 1.48%. Columbia Sportswear’s payout ratio is 29.27%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Columbia Sportswear from $75.00 to $84.00 and gave the company a “hold” rating in a report on Friday, April 26th. UBS Group reduced their price objective on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a research note on Friday, February 2nd. Finally, StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, Columbia Sportswear has a consensus rating of “Hold” and a consensus target price of $75.75.

Institutional Trading of Columbia Sportswear

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its stake in shares of Columbia Sportswear by 76.2% during the fourth quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock valued at $36,000 after buying an additional 195 shares during the last quarter. TFO Wealth Partners LLC grew its position in Columbia Sportswear by 11,725.0% in the 4th quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock valued at $38,000 after acquiring an additional 469 shares during the last quarter. Fifth Third Bancorp increased its stake in Columbia Sportswear by 44.3% in the third quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock worth $37,000 after purchasing an additional 154 shares during the period. Signaturefd LLC lifted its position in shares of Columbia Sportswear by 125.7% during the third quarter. Signaturefd LLC now owns 607 shares of the textile maker’s stock worth $45,000 after purchasing an additional 338 shares during the last quarter. Finally, Quent Capital LLC boosted its stake in shares of Columbia Sportswear by 79.6% during the fourth quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 273 shares during the period. 47.76% of the stock is owned by hedge funds and other institutional investors.

About Columbia Sportswear

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.