Insider Selling: Columbia Sportswear (NASDAQ:COLM) Director Sells $42,729.10 in Stock

Columbia Sportswear (NASDAQ:COLM) Director Sabrina Simmons sold 523 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total transaction of $42,729.10. Following the transaction, the director now directly owns 6,483 shares of the company’s stock, valued at $529,661.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Columbia Sportswear Price Performance

NASDAQ:COLM opened at $81.01 on Monday. Columbia Sportswear has a 1-year low of $66.01 and a 1-year high of $86.11. The company has a market capitalization of $4.84 billion, a PE ratio of 19.76, a P/E/G ratio of 3.37 and a beta of 0.94. The firm’s 50-day moving average price is $78.71 and its 200-day moving average price is $78.33.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.36. The firm had revenue of $769.98 million during the quarter, compared to analyst estimates of $740.62 million. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The business’s revenue was down 6.2% on a year-over-year basis. During the same period last year, the business earned $0.74 earnings per share. Equities analysts anticipate that Columbia Sportswear will post 3.83 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Wednesday, May 15th. Columbia Sportswear’s dividend payout ratio is presently 29.27%.

Hedge Funds Weigh In On Columbia Sportswear

Hedge funds have recently bought and sold shares of the company. Venturi Wealth Management LLC increased 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 purchasing an additional 195 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Columbia Sportswear by 44.3% during the third quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock valued at $37,000 after buying an additional 154 shares during the last quarter. TFO Wealth Partners LLC increased its position in shares of Columbia Sportswear by 11,725.0% during the fourth 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 in the last quarter. Signaturefd LLC raised its holdings in Columbia Sportswear by 125.7% in the 3rd quarter. Signaturefd LLC now owns 607 shares of the textile maker’s stock worth $45,000 after acquiring an additional 338 shares during the last quarter. Finally, Quent Capital LLC lifted its position in Columbia Sportswear by 79.6% in 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 in the last quarter. Institutional investors own 47.76% of the company’s stock.

Analyst Ratings Changes

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

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.