Columbia Sportswear (NASDAQ:COLM) Stock: Insider Lisa Kulok Sells 6,857 Shares

Columbia Sportswear Company (NASDAQ:COLM) EVP Lisa Kulok sold 6,857 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $68.47, for a total transaction of $469,498.79. Following the sale, the executive vice president owned 8,180 shares of the company’s stock, valued at approximately $560,084.60. This represents a 45.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Columbia Sportswear Stock Performance

Shares of Columbia Sportswear stock opened at $69.12 on Friday. The stock has a market capitalization of $3.53 billion, a PE ratio of 15.16 and a beta of 0.88. Columbia Sportswear Company has a 52-week low of $49.56 and a 52-week high of $72.63. The company has a 50-day simple moving average of $59.31 and a two-hundred day simple moving average of $60.06.

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

Columbia Sportswear Announces Dividend

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

Hedge Funds Weigh In On Columbia Sportswear

A number of institutional investors and hedge funds have recently modified their holdings of COLM. BlackRock Inc. purchased a new stake in Columbia Sportswear during the second quarter valued at approximately $152,164,000. Dimensional Fund Advisors LP boosted its stake in shares of Columbia Sportswear by 15.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,222,770 shares of the textile maker’s stock worth $121,824,000 after acquiring an additional 301,277 shares during the last quarter. Tassel Capital Management Inc. purchased a new position in shares of Columbia Sportswear during the 2nd quarter worth $10,085,000. Quantinno Capital Management LP boosted its stake in shares of Columbia Sportswear by 7.6% during the 1st quarter. Quantinno Capital Management LP now owns 292,953 shares of the textile maker’s stock worth $16,057,000 after acquiring an additional 20,797 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Columbia Sportswear during the 2nd quarter worth $16,691,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Zacks Research downgraded Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Wall Street Zen cut Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 11th. Citigroup restated a “neutral” rating and issued a $68.00 price target (up from $67.00) on shares of Columbia Sportswear in a research note on Wednesday, July 22nd. Weiss Ratings raised Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Finally, UBS Group reaffirmed a “sell” rating and set a $49.00 price objective (up from $47.00) on shares of Columbia Sportswear in a research report on Friday, October 30th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.