Columbia Sportswear (NASDAQ:COLM) CFO Jim A. Swanson Sells 7,199 Shares

Columbia Sportswear (NASDAQ:COLM) CFO Jim A. Swanson sold 7,199 shares of Columbia Sportswear stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $77.50, for a total value of $557,922.50. Following the sale, the chief financial officer now directly owns 9,423 shares of the company’s stock, valued at $730,282.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Columbia Sportswear Stock Performance

Columbia Sportswear stock opened at $81.48 on Thursday. Columbia Sportswear has a fifty-two week low of $66.01 and a fifty-two week high of $86.11. The company has a market capitalization of $4.85 billion, a P/E ratio of 19.87, a PEG ratio of 3.32 and a beta of 0.94. The stock has a 50-day simple moving average of $78.75 and a 200-day simple moving average of $78.23.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.36. Columbia Sportswear had a return on equity of 13.98% and a net margin of 7.20%. The business had revenue of $769.98 million during the quarter, compared to the consensus estimate of $740.62 million. During the same period in the previous year, the business earned $0.74 EPS. The business’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, analysts forecast that Columbia Sportswear will post 3.8 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Wednesday, May 15th. Columbia Sportswear’s payout ratio is currently 29.27%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Stifel Nicolaus lifted their price target on Columbia Sportswear from $75.00 to $84.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Finally, UBS Group decreased their price target on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $75.75.

Institutional Trading of Columbia Sportswear

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC raised its stake in Columbia Sportswear by 76.2% during the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock valued at $36,000 after acquiring an additional 195 shares during the last quarter. Fifth Third Bancorp raised its stake in Columbia Sportswear by 44.3% during the 3rd quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 154 shares during the last quarter. TFO Wealth Partners LLC raised its stake in Columbia Sportswear by 11,725.0% during the 4th quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock valued at $38,000 after acquiring an additional 469 shares during the last quarter. Signaturefd LLC raised its stake in Columbia Sportswear by 125.7% during the 3rd quarter. Signaturefd LLC now owns 607 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 338 shares during the last quarter. Finally, Quent Capital LLC raised its stake in Columbia Sportswear by 79.6% during the 4th quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 273 shares during the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

About Columbia Sportswear

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.