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 firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total value of $369,440.00. Following the transaction, the executive vice president now owns 14,283 shares of the company’s stock, valued at $1,319,177.88. This represents a 21.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Columbia Sportswear Trading Down 3.1 %

Shares of NASDAQ:COLM opened at $86.84 on Friday. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $92.88. The business’s fifty day simple moving average is $85.50 and its 200-day simple moving average is $83.74. The company has a market capitalization of $4.97 billion, a PE ratio of 22.44, a P/E/G ratio of 2.54 and a beta of 0.93.

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%. Research analysts predict that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.30 per share. 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%.

Analyst Ratings Changes

Several research firms have recently issued reports on COLM. Stifel Nicolaus raised their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. TD Cowen raised their price target on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Finally, StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

Institutional Investors Weigh In On Columbia Sportswear

Several large investors have recently bought and sold shares of the company. Deutsche Bank AG grew its position in shares of Columbia Sportswear by 3.7% in the fourth quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker’s stock valued at $328,000 after purchasing an additional 141 shares in the last quarter. Signaturefd LLC grew its position in shares of Columbia Sportswear by 18.4% in the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker’s stock valued at $77,000 after purchasing an additional 142 shares in the last quarter. Cairn Investment Group Inc. grew its position in shares of Columbia Sportswear by 0.3% in the fourth quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker’s stock valued at $3,750,000 after purchasing an additional 145 shares in the last quarter. Amalgamated Bank grew its position in shares of Columbia Sportswear by 1.0% in the fourth quarter. Amalgamated Bank now owns 15,337 shares of the textile maker’s stock valued at $1,287,000 after purchasing an additional 146 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Columbia Sportswear by 43.2% in the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock valued at $50,000 after purchasing an additional 181 shares in the last quarter. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

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.