Columbia Sportswear (NASDAQ:COLM) Insider Joseph Boyle Sells 19,129 Shares of Stock

Columbia Sportswear Company (NASDAQ:COLM) insider Joseph Boyle sold 19,129 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $70.47, for a total value of $1,348,020.63. Following the transaction, the insider directly owned 2,776,714 shares of the company’s stock, valued at approximately $195,675,035.58. This trade represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Columbia Sportswear Price Performance

NASDAQ:COLM opened at $70.93 on Thursday. The company has a market capitalization of $3.63 billion, a P/E ratio of 15.55 and a beta of 0.88. The business has a fifty day simple moving average of $59.10 and a two-hundred day simple moving average of $59.98. Columbia Sportswear Company has a 1 year low of $49.56 and a 1 year high of $72.63.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, October 29th. The textile maker reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.38. The firm had revenue of $962.58 million for the quarter, compared to analysts’ expectations of $944.91 million. Columbia Sportswear had a return on equity of 11.71% and a net margin of 6.97%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.41 EPS. As a group, analysts anticipate that Columbia Sportswear Company will post 3.91 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $1.20 annualized dividend and a yield of 1.7%. Columbia Sportswear’s dividend payout ratio is 26.32%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA increased its holdings in shares of Columbia Sportswear by 16.5% in the third quarter. Pictet Asset Management Holding SA now owns 4,324 shares of the textile maker’s stock worth $248,000 after purchasing an additional 614 shares during the period. CenterBook Partners LP purchased a new stake in shares of Columbia Sportswear in the third quarter worth $822,000. State of Wyoming increased its stake in Columbia Sportswear by 357.0% in the 3rd quarter. State of Wyoming now owns 10,708 shares of the textile maker’s stock worth $615,000 after acquiring an additional 8,365 shares during the last quarter. Signaturefd LLC increased its stake in Columbia Sportswear by 63.4% in the 3rd quarter. Signaturefd LLC now owns 1,716 shares of the textile maker’s stock worth $99,000 after acquiring an additional 666 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in Columbia Sportswear in the 3rd quarter worth about $1,172,000. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Wall Street Analysts Forecast Growth

COLM has been the subject of several recent research reports. BTIG Research lifted their target price on shares of Columbia Sportswear from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. UBS Group restated a “sell” rating and set a $49.00 price target (up from $47.00) on shares of Columbia Sportswear in a research note on Friday, October 30th. Stifel Nicolaus set a $67.00 price objective on shares of Columbia Sportswear and gave the stock a “buy” rating in a report on Friday, July 31st. Zacks Research lowered shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Wall Street Zen cut shares of Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 11th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Columbia Sportswear currently has a consensus rating of “Hold” and a consensus price target of $66.40.

About Columbia Sportswear

Columbia Sportswear Company is an outdoor and active lifestyle apparel, footwear, accessories and equipment company headquartered in Portland, Oregon. Founded in 1938 as the Columbia Hat Company, the business has grown into a global outdoor brand focused on products designed for activities such as hiking, skiing, fishing, camping and everyday outdoor use.

The company markets products under the Columbia, Sorel, Mountain Hardwear and prAna brands. Its offerings include jackets, shirts, pants, base layers, footwear, hats, gloves, backpacks and other outdoor accessories.