Insider Selling: Columbia Sportswear (NASDAQ:COLM) President Sells 375 Shares of Company Stock

Columbia Sportswear Company (NASDAQ:COLM) President Peter Bragdon sold 375 shares of Columbia Sportswear stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $70.81, for a total value of $26,553.75. Following the completion of the transaction, the president owned 28,950 shares of the company’s stock, valued at approximately $2,049,949.50. This represents a 1.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Columbia Sportswear Price Performance

NASDAQ COLM traded up $0.87 during trading hours on Wednesday, reaching $70.93. The company’s stock had a trading volume of 1,260,470 shares, compared to its average volume of 794,150. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 15.55 and a beta of 0.88. The company’s 50-day moving average is $59.10 and its two-hundred day moving average is $59.98. Columbia Sportswear Company has a 1-year low of $49.56 and a 1-year high of $72.63.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data 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 company had revenue of $962.58 million for the quarter, compared to analyst estimates of $944.91 million. Columbia Sportswear had a return on equity of 11.71% and a net margin of 6.97%. Columbia Sportswear’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $1.41 earnings per share. Equities analysts forecast that Columbia Sportswear Company will post 3.91 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 26.32%.

Institutional Trading of Columbia Sportswear

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Columbia Sportswear by 6.5% during the second quarter. GAMMA Investing LLC now owns 2,656 shares of the textile maker’s stock worth $164,000 after purchasing an additional 162 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Columbia Sportswear by 4.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,216 shares of the textile maker’s stock valued at $286,000 after purchasing an additional 200 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Columbia Sportswear by 43.6% in the 1st quarter. Parallel Advisors LLC now owns 817 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 248 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Columbia Sportswear by 72.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 888 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 373 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Columbia Sportswear in the 2nd quarter valued at $32,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on COLM shares. Robert W. Baird set a $65.00 price objective on shares of Columbia Sportswear in a research report on Friday, July 31st. Citigroup reaffirmed a “neutral” rating and set a $68.00 price objective (up from $67.00) on shares of Columbia Sportswear in a report on Wednesday, July 22nd. BTIG Research lifted their target price on shares of Columbia Sportswear from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Weiss Ratings raised shares of Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Finally, Zacks Research downgraded shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $66.40.

Columbia Sportswear Company Profile

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.