Columbia Sportswear (NASDAQ:COLM) EVP Lisa Kulok Sells 6,857 Shares of Stock

Columbia Sportswear Company (NASDAQ:COLM) EVP Lisa Kulok sold 6,857 shares of Columbia Sportswear stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $68.47, for a total value of $469,498.79. Following the transaction, the executive vice president owned 8,180 shares in the company, valued at $560,084.60. This trade represents a 45.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Columbia Sportswear Stock Up 1.2%

COLM stock opened at $70.93 on Thursday. Columbia Sportswear Company has a twelve month low of $49.56 and a twelve month high of $72.63. The stock has a market cap of $3.63 billion, a P/E ratio of 15.55 and a beta of 0.88. The business’s 50-day moving average price is $59.10 and its 200-day moving average price is $59.98.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, October 29th. The textile maker reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.38. Columbia Sportswear had a net margin of 6.97% and a return on equity of 11.71%. The company had revenue of $962.58 million during the quarter, compared to analyst estimates of $944.91 million. During the same period in the prior year, the firm posted $1.41 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts expect that Columbia Sportswear Company will post 3.91 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, November 19th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 26.32%.

Hedge Funds Weigh In On Columbia Sportswear

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Columbia Sportswear during the 2nd quarter valued at approximately $152,164,000. Dimensional Fund Advisors LP increased its position in Columbia Sportswear by 15.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,222,770 shares of the textile maker’s stock worth $121,824,000 after purchasing an additional 301,277 shares during the last quarter. Tassel Capital Management Inc. purchased a new stake in Columbia Sportswear during the second quarter valued at $10,085,000. Quantinno Capital Management LP raised its stake in Columbia Sportswear by 7.6% during the first quarter. Quantinno Capital Management LP now owns 292,953 shares of the textile maker’s stock valued at $16,057,000 after purchasing an additional 20,797 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Columbia Sportswear during the second quarter valued at $16,691,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on COLM. Citigroup reaffirmed a “neutral” rating and issued a $68.00 target price (up from $67.00) on shares of Columbia Sportswear in a report on Wednesday, July 22nd. Wall Street Zen downgraded Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. UBS Group restated a “sell” rating and issued a $49.00 price objective (up from $47.00) on shares of Columbia Sportswear in a research report on Friday, October 30th. Zacks Research lowered Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, BTIG Research increased their target price on Columbia Sportswear from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Columbia Sportswear has an average rating of “Hold” and an average price target of $66.40.

About Columbia Sportswear

Columbia Sportswear Company is an outdoor and active lifestyle apparel, footwear, accessories and equipment company headquartered in Portland, Oregon. Founded in 1938 as the Columbia Hat Company, the business has grown into a global outdoor brand focused on products designed for activities such as hiking, skiing, fishing, camping and everyday outdoor use.

The company markets products under the Columbia, Sorel, Mountain Hardwear and prAna brands. Its offerings include jackets, shirts, pants, base layers, footwear, hats, gloves, backpacks and other outdoor accessories.