Columbia Sportswear (NASDAQ:COLM) COO Thomas B. Cusick sold 22,115 shares of Columbia Sportswear stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $107.04, for a total transaction of $2,367,189.60. Following the sale, the chief operating officer now owns 38,598 shares in the company, valued at $4,131,529.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of COLM opened at $104.35 on Thursday. The stock has a market capitalization of $7.38 billion, a P/E ratio of 26.02, a P/E/G ratio of 2.25 and a beta of 0.68. Columbia Sportswear has a 1-year low of $73.01 and a 1-year high of $109.74.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, February 7th. The textile maker reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.41. The firm had revenue of $917.60 million for the quarter, compared to analysts’ expectations of $859.06 million. Columbia Sportswear had a return on equity of 16.83% and a net margin of 9.57%. Columbia Sportswear’s revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted $1.31 EPS. As a group, analysts expect that Columbia Sportswear will post 4.36 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Thursday, March 7th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, March 6th. This represents a $0.96 dividend on an annualized basis and a yield of 0.92%. Columbia Sportswear’s dividend payout ratio is currently 23.94%.

A number of hedge funds and other institutional investors have recently made changes to their positions in COLM. Murphy Pohlad Asset Management LLC acquired a new stake in Columbia Sportswear during the 4th quarter worth about $42,000. Commonwealth Bank of Australia acquired a new stake in Columbia Sportswear during the 3rd quarter worth about $111,000. Tower Research Capital LLC TRC boosted its position in Columbia Sportswear by 268.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,536 shares of the textile maker’s stock worth $143,000 after acquiring an additional 1,119 shares during the period. CENTRAL TRUST Co acquired a new stake in Columbia Sportswear during the 4th quarter worth about $145,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in Columbia Sportswear during the 4th quarter worth about $176,000. Hedge funds and other institutional investors own 37.21% of the company’s stock.

COLM has been the topic of a number of research analyst reports. Buckingham Research lifted their target price on Columbia Sportswear from $84.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, October 17th. Zacks Investment Research lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Macquarie set a $118.00 target price on Columbia Sportswear and gave the stock a “buy” rating in a report on Friday, February 8th. Wedbush reaffirmed an “outperform” rating and set a $104.00 target price on shares of Columbia Sportswear in a report on Tuesday, November 13th. Finally, Pivotal Research lifted their target price on Columbia Sportswear from $94.00 to $97.00 in a report on Monday, October 29th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $106.53.

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About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active 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 various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.

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