Insider Selling: Columbia Sportswear (NASDAQ:COLM) EVP Sells 4,000 Shares of Stock

Columbia Sportswear (NASDAQ:COLM - Get Free Report) EVP Richelle T. Luther sold 4,000 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total value of $369,440.00. Following the sale, the executive vice president now owns 14,283 shares of the company's stock, valued at $1,319,177.88. The trade was a 21.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Columbia Sportswear Trading Down 0.3 %

COLM traded down $0.24 on Tuesday, reaching $83.92. The stock had a trading volume of 369,758 shares, compared to its average volume of 685,127. The firm has a 50-day moving average of $85.41 and a 200-day moving average of $83.86. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $92.88. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 2.54 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. Sell-side analysts anticipate that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Remove Ads

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.30 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.43%. Columbia Sportswear's dividend payout ratio is 31.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on COLM shares. Stifel Nicolaus lifted their target price on Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. StockNews.com lowered shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, TD Cowen increased their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a "hold" rating in a research note on Tuesday, November 26th.

Institutional Trading of Columbia Sportswear

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Columbia Sportswear in the 4th quarter valued at about $25,710,000. Pacer Advisors Inc. raised its position in shares of Columbia Sportswear by 19.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker's stock worth $147,544,000 after acquiring an additional 292,716 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Columbia Sportswear by 447.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 294,471 shares of the textile maker's stock worth $24,715,000 after buying an additional 240,709 shares during the period. Barclays PLC raised its holdings in shares of Columbia Sportswear by 487.8% during the fourth quarter. Barclays PLC now owns 271,293 shares of the textile maker's stock valued at $22,770,000 after purchasing an additional 225,140 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Columbia Sportswear by 18.0% during the fourth quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker's stock valued at $74,255,000 after purchasing an additional 134,813 shares during the period. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday 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 for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.