Insider Selling: Columbia Sportswear (NASDAQ:COLM) EVP Sells 6,857 Shares of Company Stock

Columbia Sportswear Company (NASDAQ:COLM) EVP Lisa Kulok sold 6,857 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $68.47, for a total transaction of $469,498.79. Following the completion of the transaction, the executive vice president owned 8,180 shares in the company, valued at $560,084.60. The trade was a 45.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Columbia Sportswear Stock Up 1.2%

Shares of Columbia Sportswear stock traded up $0.87 during mid-day trading on Wednesday, hitting $70.93. The stock had a trading volume of 1,260,470 shares, compared to its average volume of 794,150. The firm has a 50-day moving average of $59.10 and a two-hundred day moving average of $59.98. Columbia Sportswear Company has a 12-month low of $49.56 and a 12-month high of $72.63. The firm has a market cap of $3.63 billion, a P/E ratio of 15.55 and a beta of 0.88.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, October 29th. The textile maker reported $1.66 EPS for the quarter, beating the consensus estimate of $1.28 by $0.38. The firm had revenue of $962.58 million for the quarter, compared to analyst estimates of $944.91 million. Columbia Sportswear had a net margin of 6.97% and a return on equity of 11.71%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.41 EPS. Sell-side analysts expect that Columbia Sportswear Company will post 3.91 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, November 19th. Columbia Sportswear’s dividend payout ratio is presently 26.32%.

Hedge Funds Weigh In On Columbia Sportswear

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Columbia Sportswear during the second quarter worth about $152,164,000. Tassel Capital Management Inc. purchased a new stake in shares of Columbia Sportswear during the second quarter worth approximately $10,085,000. Dimensional Fund Advisors LP raised its holdings in Columbia Sportswear by 15.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,222,770 shares of the textile maker’s stock valued at $121,824,000 after acquiring an additional 301,277 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Columbia Sportswear in the second quarter valued at approximately $16,691,000. Finally, Bank of America Corp DE acquired a new stake in Columbia Sportswear in the second quarter valued at approximately $15,746,000. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on COLM. Weiss Ratings upgraded Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Zacks Research lowered Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Wall Street Zen cut Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 11th. UBS Group reissued a “sell” rating and set a $49.00 price objective (up from $47.00) on shares of Columbia Sportswear in a research report on Friday, October 30th. Finally, Stifel Nicolaus set a $67.00 price target on shares of Columbia Sportswear and gave the company a “buy” rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $66.40.

About Columbia Sportswear

Columbia Sportswear Company is an outdoor and active lifestyle apparel, footwear, accessories and equipment company headquartered in Portland, Oregon. Founded in 1938 as the Columbia Hat Company, the business has grown into a global outdoor brand focused on products designed for activities such as hiking, skiing, fishing, camping and everyday outdoor use.

The company markets products under the Columbia, Sorel, Mountain Hardwear and prAna brands. Its offerings include jackets, shirts, pants, base layers, footwear, hats, gloves, backpacks and other outdoor accessories.