Columbia Sportswear (NASDAQ:COLM) Stock: Insider Peter Bragdon Sells 375 Shares

Columbia Sportswear Company (NASDAQ:COLM) President Peter Bragdon sold 375 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $70.81, for a total transaction of $26,553.75. Following the completion of the transaction, the president owned 28,950 shares in the company, valued at $2,049,949.50. This represents a 1.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Columbia Sportswear Stock Performance

Columbia Sportswear stock opened at $69.12 on Friday. The company has a 50 day moving average price of $59.31 and a 200-day moving average price of $60.06. Columbia Sportswear Company has a fifty-two week low of $49.56 and a fifty-two week high of $72.63. The company has a market capitalization of $3.53 billion, a PE ratio of 15.16 and a beta of 0.88.

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

Columbia Sportswear Dividend Announcement

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

Analyst Ratings Changes

COLM has been the subject of a number of research reports. Wall Street Zen lowered shares of Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 11th. UBS Group reissued a “sell” rating and set a $49.00 target price (up from $47.00) on shares of Columbia Sportswear in a research report on Friday, October 30th. Stifel Nicolaus set a $67.00 price target on shares of Columbia Sportswear and gave the company a “buy” rating in a report on Friday, July 31st. Citigroup reiterated a “neutral” rating and set a $68.00 price objective (up from $67.00) on shares of Columbia Sportswear in a research note on Wednesday, July 22nd. Finally, BTIG Research lifted their price objective on shares of Columbia Sportswear from $80.00 to $83.00 and gave the company a “buy” rating in a report on Friday, October 30th. Two 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $66.40.

Hedge Funds Weigh In On Columbia Sportswear

A number of large investors have recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA grew its stake in shares of Columbia Sportswear by 16.5% during the third quarter. Pictet Asset Management Holding SA now owns 4,324 shares of the textile maker’s stock worth $248,000 after acquiring an additional 614 shares during the last quarter. CenterBook Partners LP purchased a new position in shares of Columbia Sportswear in the 3rd quarter valued at approximately $822,000. State of Wyoming raised its position in shares of Columbia Sportswear by 357.0% in the 3rd quarter. State of Wyoming now owns 10,708 shares of the textile maker’s stock valued at $615,000 after purchasing an additional 8,365 shares during the last quarter. Signaturefd LLC boosted 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 purchasing an additional 666 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in Columbia Sportswear in the 3rd quarter worth approximately $1,172,000. 47.76% of the stock is currently owned by institutional investors.

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.