Sabrina Simmons Sells 523 Shares of Columbia Sportswear (NASDAQ:COLM) Stock

Columbia Sportswear (NASDAQ:COLM) Director Sabrina Simmons sold 523 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total transaction of $42,729.10. Following the completion of the transaction, the director now owns 6,483 shares of the company’s stock, valued at $529,661.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Columbia Sportswear Stock Down 0.6 %

NASDAQ COLM opened at $81.01 on Friday. The stock’s 50-day simple moving average is $78.71 and its two-hundred day simple moving average is $78.31. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $86.11. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 3.40 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.36. The company had revenue of $769.98 million for the quarter, compared to analysts’ expectations of $740.62 million. Columbia Sportswear had a return on equity of 13.98% and a net margin of 7.20%. Columbia Sportswear’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the firm posted $0.74 EPS. On average, equities analysts expect that Columbia Sportswear will post 3.83 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, May 15th. Columbia Sportswear’s dividend payout ratio is currently 29.27%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on COLM shares. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Stifel Nicolaus boosted their target price on Columbia Sportswear from $75.00 to $84.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Finally, UBS Group lowered their price target on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, Columbia Sportswear presently has a consensus rating of “Hold” and an average target price of $75.75.

Hedge Funds Weigh In On Columbia Sportswear

A number of large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its stake in shares of Columbia Sportswear by 44.3% during the third quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock valued at $37,000 after buying an additional 154 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Columbia Sportswear by 76.2% during the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock valued at $36,000 after acquiring an additional 195 shares during the period. Louisiana State Employees Retirement System grew its position in Columbia Sportswear by 2.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 9,900 shares of the textile maker’s stock worth $804,000 after acquiring an additional 200 shares during the last quarter. State of Michigan Retirement System increased its stake in Columbia Sportswear by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 8,474 shares of the textile maker’s stock worth $688,000 after purchasing an additional 200 shares during the period. Finally, Cascade Investment Advisors Inc. lifted its position in Columbia Sportswear by 1.0% in the fourth quarter. Cascade Investment Advisors Inc. now owns 20,085 shares of the textile maker’s stock valued at $1,598,000 after purchasing an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

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.