Ronald E. Nelson Sells 6,395 Shares of Columbia Sportswear (NASDAQ:COLM) Stock

Columbia Sportswear (NASDAQ:COLM) Director Ronald E. Nelson sold 6,395 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction of $522,727.30. Following the completion of the sale, the director now owns 17,048 shares in the company, valued at approximately $1,393,503.52. This trade represents a 27.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Columbia Sportswear Stock Up 5.0 %

NASDAQ COLM traded up $4.27 on Tuesday, hitting $88.85. The stock had a trading volume of 953,284 shares, compared to its average volume of 591,966. Columbia Sportswear has a one year low of $73.04 and a one year high of $91.30. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 3.16 and a beta of 0.93. The company’s 50-day moving average is $85.26 and its two-hundred day moving average is $83.19.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Tuesday, February 4th. The textile maker reported $1.80 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. On average, sell-side analysts anticipate that Columbia Sportswear will post 4.12 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.35%. The ex-dividend date is Monday, March 10th. Columbia Sportswear’s dividend payout ratio (DPR) is 31.01%.

Analyst Ratings Changes

COLM has been the topic of several research reports. TD Cowen increased their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Stifel Nicolaus increased their price objective on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in shares of Columbia Sportswear by 19.8% in the third quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock valued at $147,544,000 after acquiring an additional 292,716 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Columbia Sportswear by 0.3% in the fourth quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker’s stock valued at $107,778,000 after acquiring an additional 3,214 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Columbia Sportswear by 10.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker’s stock valued at $101,355,000 after acquiring an additional 109,488 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Columbia Sportswear by 18.0% in the fourth quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker’s stock valued at $74,255,000 after acquiring an additional 134,813 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Columbia Sportswear by 0.8% in the third quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker’s stock valued at $50,328,000 after acquiring an additional 4,727 shares in the last quarter. Institutional investors own 47.76% of the company’s stock.

About Columbia Sportswear

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.