Columbia Sportswear (NASDAQ:COLM) Director Ronald E. Nelson Sells 6,395 Shares

Columbia Sportswear (NASDAQ:COLM) Director Ronald E. Nelson sold 6,395 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction of $522,727.30. Following the completion of the sale, the director now directly owns 17,048 shares of the company’s stock, valued at approximately $1,393,503.52. This trade represents a 27.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Columbia Sportswear Stock Performance

NASDAQ:COLM opened at $90.12 on Thursday. The stock has a 50-day simple moving average of $85.26 and a 200 day simple moving average of $83.31. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $91.30. The company has a market cap of $5.15 billion, a PE ratio of 23.29, a PEG ratio of 2.38 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. On average, research analysts predict 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. Stockholders of record on Monday, March 10th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear’s payout ratio is presently 31.01%.

Analyst Ratings Changes

COLM has been the subject of several analyst reports. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. 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. Finally, Stifel Nicolaus boosted their price target on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Columbia Sportswear during the fourth quarter worth $25,710,000. Pacer Advisors Inc. grew its position in Columbia Sportswear by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock worth $147,544,000 after acquiring an additional 292,716 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Columbia Sportswear by 447.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 294,471 shares of the textile maker’s stock worth $24,715,000 after purchasing an additional 240,709 shares in the last quarter. Barclays PLC raised its position in Columbia Sportswear by 487.8% in the fourth 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 last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Columbia Sportswear by 18.0% during the fourth 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 in the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

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.