Richelle T. Luther Sells 4,000 Shares of Columbia Sportswear (NASDAQ:COLM) Stock

Columbia Sportswear (NASDAQ:COLM) EVP Richelle T. Luther sold 4,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the transaction, the executive vice president now directly owns 14,283 shares of the company’s stock, valued at approximately $1,319,177.88. This represents a 21.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Columbia Sportswear Stock Performance

NASDAQ COLM opened at $86.84 on Friday. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $92.88. The stock has a market cap of $4.97 billion, a PE ratio of 22.44, a PEG ratio of 2.54 and a beta of 0.93. The firm has a 50-day simple moving average of $85.50 and a 200 day simple moving average of $83.74.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Tuesday, February 4th. The textile maker reported $1.80 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%. Research analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 annualized dividend and a yield of 1.38%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 31.01%.

Institutional Investors Weigh In On Columbia Sportswear

Several institutional investors and hedge funds have recently bought and sold shares of COLM. Norges Bank acquired a new stake in shares of Columbia Sportswear during the 4th quarter valued at about $25,710,000. Pacer Advisors Inc. lifted its stake in Columbia Sportswear by 19.8% during the third quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock worth $147,544,000 after purchasing an additional 292,716 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Columbia Sportswear by 447.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 294,471 shares of the textile maker’s stock valued at $24,715,000 after purchasing an additional 240,709 shares in the last quarter. Barclays PLC grew its stake in shares of Columbia Sportswear by 487.8% in the 4th 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. grew its stake in shares of Columbia Sportswear by 18.0% in the 4th 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. Institutional investors own 47.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Stifel Nicolaus boosted their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com lowered 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 Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research report on Tuesday, November 26th.

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.