Columbia Sportswear (COLM) Director Sells $888,244.16 in Stock

Columbia Sportswear (NASDAQ:COLM) Director Edward S. George sold 11,608 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $76.52, for a total value of $888,244.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Columbia Sportswear (NASDAQ COLM) opened at $74.70 on Friday. The firm has a market capitalization of $5,219.74, a PE ratio of 25.76, a price-to-earnings-growth ratio of 2.40 and a beta of 0.95. Columbia Sportswear has a 12-month low of $51.56 and a 12-month high of $79.21.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, February 8th. The textile maker reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.16. The company had revenue of $776.00 million for the quarter, compared to the consensus estimate of $762.18 million. Columbia Sportswear had a return on equity of 12.73% and a net margin of 4.26%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $1.20 EPS. research analysts predict that Columbia Sportswear will post 3.25 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Friday, March 9th will be given a dividend of $0.22 per share. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Thursday, March 8th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 51.01%.

COLM has been the topic of several research reports. DA Davidson set a $77.00 target price on Columbia Sportswear and gave the company a “buy” rating in a research report on Tuesday, December 5th. Stifel Nicolaus set a $74.00 target price on Columbia Sportswear and gave the company a “hold” rating in a research report on Friday, December 15th. Citigroup reissued a “buy” rating and issued a $82.00 target price on shares of Columbia Sportswear in a research report on Tuesday, December 19th. Zacks Investment Research raised Columbia Sportswear from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Tuesday, January 9th. Finally, Pivotal Research reissued a “buy” rating and issued a $74.00 target price (up from $72.00) on shares of Columbia Sportswear in a research report on Friday, October 27th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $76.87.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Stifel Financial Corp grew its position in Columbia Sportswear by 4.1% during the 2nd quarter. Stifel Financial Corp now owns 4,122 shares of the textile maker’s stock worth $240,000 after purchasing an additional 162 shares during the period. Ameritas Investment Partners Inc. grew its position in Columbia Sportswear by 10.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock worth $149,000 after purchasing an additional 234 shares during the period. Advisor Group Inc. grew its position in Columbia Sportswear by 11.2% during the 2nd quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock worth $195,000 after purchasing an additional 339 shares during the period. Nationwide Fund Advisors grew its position in Columbia Sportswear by 3.7% during the 2nd quarter. Nationwide Fund Advisors now owns 16,454 shares of the textile maker’s stock worth $955,000 after purchasing an additional 591 shares during the period. Finally, First Midwest Bank Trust Division grew its position in Columbia Sportswear by 4.9% during the 3rd quarter. First Midwest Bank Trust Division now owns 18,552 shares of the textile maker’s stock worth $1,142,000 after purchasing an additional 863 shares during the period. 38.32% of the stock is currently owned by institutional investors.

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About Columbia Sportswear

Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.

Insider Buying and Selling by Quarter for Columbia Sportswear (NASDAQ:COLM)

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