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

Columbia Sportswear (NASDAQ:COLM) EVP Richelle T. Luther sold 4,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total value of $369,440.00. Following the completion of the sale, the executive vice president now directly owns 14,283 shares in the company, valued at approximately $1,319,177.88. The trade was a 21.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Columbia Sportswear Price Performance

Shares of NASDAQ:COLM opened at $86.84 on Friday. The company has a market cap of $4.97 billion, a P/E ratio of 22.44, a PEG ratio of 2.54 and a beta of 0.93. Columbia Sportswear has a 1 year low of $73.04 and a 1 year high of $92.88. The stock’s fifty day moving average price is $85.50 and its 200-day moving average price is $83.74.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) 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, sell-side analysts anticipate that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of COLM. Norges Bank purchased a new stake in Columbia Sportswear in the fourth quarter worth about $25,710,000. Pacer Advisors Inc. increased its position in Columbia Sportswear by 19.8% in the third quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock worth $147,544,000 after buying an additional 292,716 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Columbia Sportswear by 447.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 294,471 shares of the textile maker’s stock worth $24,715,000 after buying an additional 240,709 shares in the last quarter. Barclays PLC increased 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 worth $22,770,000 after buying an additional 225,140 shares in the last quarter. Finally, American Century Companies Inc. grew its position 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 worth $74,255,000 after purchasing an additional 134,813 shares in the last quarter. Institutional investors own 47.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Stifel Nicolaus increased their target price on Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, TD Cowen increased their target price on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research note 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.