Insider Selling: Columbia Sportswear (NASDAQ:COLM) Director Sells $522,727.30 in Stock

Columbia Sportswear (NASDAQ:COLM) Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction that occurred 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 sale, the director now directly owns 17,048 shares of the company’s stock, valued at $1,393,503.52. This represents a 27.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Columbia Sportswear Stock Up 0.2 %

Shares of NASDAQ:COLM opened at $90.30 on Friday. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 2.50 and a beta of 0.93. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $91.30. The firm has a 50 day moving average of $85.29 and a 200 day moving average of $83.36.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. On average, sell-side analysts expect that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear’s dividend payout ratio (DPR) is 31.01%.

Analyst Ratings Changes

Several analysts have recently weighed in on COLM shares. TD Cowen lifted their price target on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus lifted their price target on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th.

Hedge Funds Weigh In On Columbia Sportswear

A number of large investors have recently bought and sold shares of COLM. Smartleaf Asset Management LLC raised its stake in Columbia Sportswear by 184.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker’s stock worth $25,000 after buying an additional 194 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Columbia Sportswear by 43.2% during the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock worth $50,000 after purchasing an additional 181 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Columbia Sportswear by 68.7% during the third quarter. Blue Trust Inc. now owns 705 shares of the textile maker’s stock valued at $56,000 after buying an additional 287 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Columbia Sportswear during the third quarter valued at $65,000. Finally, nVerses Capital LLC purchased a new stake in shares of Columbia Sportswear during the third quarter valued at $75,000. Institutional investors own 47.76% of the company’s stock.

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.