Insider Selling: Columbia Sportswear (COLM) EVP Sells 9,252 Shares of Stock

Columbia Sportswear (NASDAQ:COLM) EVP Franco Fogliato sold 9,252 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $72.97, for a total value of $675,118.44. Following the transaction, the executive vice president now directly owns 16,806 shares in the company, valued at approximately $1,226,333.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Columbia Sportswear (NASDAQ COLM) traded up $1.36 during trading hours on Wednesday, reaching $74.66. The company had a trading volume of 426,600 shares, compared to its average volume of 259,644. Columbia Sportswear has a 52 week low of $51.56 and a 52 week high of $79.21. The company has a market capitalization of $5,121.95, a PE ratio of 50.11, a P/E/G ratio of 2.17 and a beta of 0.95.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, February 8th. The textile maker reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.16. Columbia Sportswear had a return on equity of 12.73% and a net margin of 4.26%. The company had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $762.18 million. During the same quarter in the prior year, the firm earned $1.20 earnings per share. Columbia Sportswear’s revenue was up 8.2% compared to the same quarter last year. research analysts predict that Columbia Sportswear will post 3.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Friday, March 9th will be paid a $0.22 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.88 annualized dividend and a yield of 1.18%. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.19. Columbia Sportswear’s dividend payout ratio is 51.01%.

A number of research analysts have recently commented on COLM shares. Zacks Investment Research raised Columbia Sportswear from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 target price on shares of Columbia Sportswear in a research note on Sunday, October 22nd. FBR & Co reaffirmed a “buy” rating and set a $68.00 target price on shares of Columbia Sportswear in a research note on Friday, October 27th. Pivotal Research reaffirmed a “buy” rating and set a $74.00 target price (up previously from $72.00) on shares of Columbia Sportswear in a research note on Friday, October 27th. Finally, Stifel Nicolaus upped their target price on Columbia Sportswear from $60.00 to $62.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $76.87.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Columbia Sportswear by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,802,549 shares of the textile maker’s stock valued at $162,716,000 after acquiring an additional 28,381 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Columbia Sportswear by 0.8% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,888,128 shares of the textile maker’s stock valued at $116,271,000 after acquiring an additional 15,673 shares in the last quarter. BlackRock Inc. boosted its position in Columbia Sportswear by 2.6% during the 4th quarter. BlackRock Inc. now owns 1,841,927 shares of the textile maker’s stock valued at $132,398,000 after acquiring an additional 46,815 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Columbia Sportswear by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,254 shares of the textile maker’s stock valued at $108,662,000 after acquiring an additional 148,269 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Columbia Sportswear by 9.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,178,660 shares of the textile maker’s stock valued at $84,722,000 after acquiring an additional 106,140 shares in the last quarter. 38.32% of the stock is currently owned by institutional investors.

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About Columbia Sportswear

Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.

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

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