Columbia Sportswear (NASDAQ:COLM) President Peter Bragdon Sells 375 Shares of Stock

Columbia Sportswear Company (NASDAQ:COLM) President Peter Bragdon sold 375 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $70.81, for a total transaction of $26,553.75. Following the sale, the president owned 28,950 shares in the company, valued at approximately $2,049,949.50. This trade represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Columbia Sportswear Stock Up 1.2%

Shares of COLM stock opened at $70.93 on Thursday. Columbia Sportswear Company has a 52 week low of $49.56 and a 52 week high of $72.63. The stock has a market capitalization of $3.63 billion, a PE ratio of 15.55 and a beta of 0.88. The firm has a 50 day moving average of $59.10 and a two-hundred day moving average of $59.98.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, October 29th. The textile maker reported $1.66 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 business had revenue of $962.58 million during the quarter, compared to the consensus estimate of $944.91 million. During the same quarter in the previous year, the firm posted $1.41 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts expect that Columbia Sportswear Company will post 3.91 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be issued a $0.30 dividend. The ex-dividend date is Thursday, November 19th. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. Columbia Sportswear’s dividend payout ratio (DPR) is 26.32%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on COLM shares. Stifel Nicolaus set a $67.00 price target on Columbia Sportswear and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings upgraded Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. BTIG Research boosted their price objective on Columbia Sportswear from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Zacks Research lowered shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, UBS Group reaffirmed a “sell” rating and issued a $49.00 target price (up from $47.00) on shares of Columbia Sportswear in a report on Friday, October 30th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $66.40.

Hedge Funds Weigh In On Columbia Sportswear

A number of institutional investors and hedge funds have recently modified their holdings of COLM. BlackRock Inc. acquired a new position in shares of Columbia Sportswear during the 2nd quarter worth about $152,164,000. Tassel Capital Management Inc. purchased a new position in shares of Columbia Sportswear in the 2nd quarter valued at about $10,085,000. Dimensional Fund Advisors LP raised its position in shares of Columbia Sportswear by 15.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,222,770 shares of the textile maker’s stock worth $121,824,000 after acquiring an additional 301,277 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Columbia Sportswear during the 2nd quarter worth about $16,691,000. Finally, Bank of America Corp DE purchased a new stake in Columbia Sportswear during the second quarter worth approximately $15,746,000. Institutional investors and hedge funds own 47.76% of the company’s stock.

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.