Insider Selling: Columbia Sportswear (COLM) COO Sells 6,000 Shares of Stock

Columbia Sportswear (NASDAQ:COLM) COO Thomas B. Cusick sold 6,000 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $102.80, for a total transaction of $616,800.00. Following the completion of the sale, the chief operating officer now owns 38,598 shares of the company’s stock, valued at $3,967,874.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Columbia Sportswear stock opened at $105.15 on Wednesday. Columbia Sportswear has a 1-year low of $70.36 and a 1-year high of $109.74. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 2.25 and a beta of 0.68.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, February 7th. The textile maker reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.41. Columbia Sportswear had a net margin of 9.57% and a return on equity of 16.83%. The firm had revenue of $917.60 million for the quarter, compared to analyst estimates of $859.06 million. During the same period last year, the firm earned $1.31 earnings per share. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities research analysts anticipate that Columbia Sportswear will post 4.36 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Thursday, March 7th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Wednesday, March 6th. Columbia Sportswear’s dividend payout ratio (DPR) is 23.94%.

Several institutional investors have recently added to or reduced their stakes in COLM. Advisors Asset Management Inc. bought a new position in shares of Columbia Sportswear in the second quarter valued at $278,000. Bank of Montreal Can lifted its stake in shares of Columbia Sportswear by 77.5% in the third quarter. Bank of Montreal Can now owns 43,728 shares of the textile maker’s stock valued at $4,070,000 after buying an additional 19,099 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in shares of Columbia Sportswear by 91.7% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 71,039 shares of the textile maker’s stock valued at $6,611,000 after buying an additional 33,979 shares in the last quarter. Aperio Group LLC lifted its stake in shares of Columbia Sportswear by 174.0% in the third quarter. Aperio Group LLC now owns 28,043 shares of the textile maker’s stock valued at $2,610,000 after buying an additional 17,807 shares in the last quarter. Finally, Seven Eight Capital LP lifted its stake in shares of Columbia Sportswear by 615.8% in the third quarter. Seven Eight Capital LP now owns 27,200 shares of the textile maker’s stock valued at $2,532,000 after buying an additional 23,400 shares in the last quarter. 37.21% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on COLM shares. Pivotal Research raised their price target on shares of Columbia Sportswear from $94.00 to $97.00 in a report on Monday, October 29th. BidaskClub upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Citigroup raised their price target on shares of Columbia Sportswear from $106.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, December 3rd. DA Davidson upgraded shares of Columbia Sportswear from a “neutral” rating to a “buy” rating and set a $105.00 price target for the company in a report on Thursday, November 29th. Finally, Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and raised their price target for the stock from $93.00 to $103.00 in a report on Friday, October 26th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $106.53.

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Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active 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 that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.

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Insider Buying and Selling by Quarter for Columbia Sportswear (NASDAQ:COLM)

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