Columbia Sportswear (COLM) Director Andy D. Bryant Sells 13,274 Shares of Stock

Columbia Sportswear (NASDAQ:COLM) Director Andy D. Bryant sold 13,274 shares of the company’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $91.75, for a total transaction of $1,217,889.50. Following the completion of the transaction, the director now owns 42,060 shares in the company, valued at $3,859,005. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Columbia Sportswear stock opened at $92.78 on Friday. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 2.37 and a beta of 0.77. Columbia Sportswear has a 12-month low of $60.76 and a 12-month high of $95.58.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, October 25th. The textile maker reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.14. The firm had revenue of $795.80 million during the quarter, compared to analysts’ expectations of $791.25 million. Columbia Sportswear had a net margin of 5.56% and a return on equity of 15.46%. Equities analysts predict that Columbia Sportswear will post 3.59 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 15th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.03%. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.22. Columbia Sportswear’s dividend payout ratio is 29.53%.

Columbia Sportswear declared that its board has approved a share repurchase program on Monday, August 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the textile maker to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Several research firms recently commented on COLM. BidaskClub upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Thursday. Pivotal Research increased their price objective on shares of Columbia Sportswear from $94.00 to $97.00 in a research note on Monday. Buckingham Research increased their price objective on shares of Columbia Sportswear from $85.00 to $88.00 and gave the stock a “neutral” rating in a research note on Friday, October 26th. Macquarie set a $106.00 price objective on shares of Columbia Sportswear and gave the stock a “hold” rating in a research note on Friday, October 26th. Finally, Canaccord Genuity increased their price objective on shares of Columbia Sportswear from $89.00 to $93.00 and gave the stock a “hold” rating in a research note on Friday, October 26th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Columbia Sportswear currently has a consensus rating of “Hold” and an average price target of $90.18.

Several hedge funds have recently bought and sold shares of the company. Martingale Asset Management L P lifted its holdings in shares of Columbia Sportswear by 1.3% in the second quarter. Martingale Asset Management L P now owns 50,836 shares of the textile maker’s stock worth $4,650,000 after acquiring an additional 630 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Columbia Sportswear by 19.2% in the first quarter. Stifel Financial Corp now owns 4,340 shares of the textile maker’s stock worth $331,000 after acquiring an additional 698 shares during the last quarter. Xact Kapitalforvaltning AB lifted its holdings in shares of Columbia Sportswear by 23.7% in the second quarter. Xact Kapitalforvaltning AB now owns 3,658 shares of the textile maker’s stock worth $335,000 after acquiring an additional 700 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Columbia Sportswear by 7.7% in the second quarter. Aperio Group LLC now owns 10,236 shares of the textile maker’s stock worth $936,000 after acquiring an additional 735 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in shares of Columbia Sportswear by 4.2% in the first quarter. Guggenheim Capital LLC now owns 19,031 shares of the textile maker’s stock worth $1,454,000 after acquiring an additional 773 shares during the last quarter. 38.27% of the stock is owned by hedge funds and other institutional investors.

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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