Insider Selling: Columbia Sportswear (COLM) EVP Sells $675,118.44 in Stock

Columbia Sportswear (NASDAQ:COLM) EVP Franco Fogliato sold 9,252 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $72.97, for a total value of $675,118.44. Following the sale, the executive vice president now owns 16,806 shares in the company, valued at approximately $1,226,333.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Columbia Sportswear (NASDAQ:COLM) opened at $74.70 on Friday. The firm has a market capitalization of $5,323.89, a PE ratio of 26.27, a PEG ratio of 2.45 and a beta of 0.95. Columbia Sportswear has a twelve month low of $51.56 and a twelve month high of $79.21.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Friday, March 9th will be issued a $0.22 dividend. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, March 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.18%. Columbia Sportswear’s dividend payout ratio is currently 51.01%.

Several analysts have issued reports on the company. B. Riley restated a “buy” rating on shares of Columbia Sportswear in a report on Wednesday, November 1st. Zacks Investment Research downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Pivotal Research restated a “buy” rating and set a $85.00 price objective (up previously from $74.00) on shares of Columbia Sportswear in a report on Wednesday, February 7th. Canaccord Genuity set a $70.00 price objective on Columbia Sportswear and gave the stock a “hold” rating in a report on Thursday, February 8th. Finally, Stifel Nicolaus set a $74.00 price objective on Columbia Sportswear and gave the stock a “hold” rating in a report on Friday, December 15th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $76.87.

Several institutional investors and hedge funds have recently modified their holdings of COLM. Advisory Services Network LLC increased its holdings in shares of Columbia Sportswear by 1,788.8% in the 4th quarter. Advisory Services Network LLC now owns 2,021 shares of the textile maker’s stock valued at $145,000 after purchasing an additional 1,914 shares during the period. Ameritas Investment Partners Inc. increased its holdings in shares of Columbia Sportswear by 10.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock valued at $149,000 after purchasing an additional 234 shares during the period. Advisor Group Inc. increased its holdings in shares of Columbia Sportswear by 11.2% in the 2nd quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock valued at $195,000 after purchasing an additional 339 shares during the period. Martingale Asset Management L P acquired a new position in shares of Columbia Sportswear in the 4th quarter valued at about $202,000. Finally, Invictus RG acquired a new position in shares of Columbia Sportswear in the 3rd quarter valued at about $207,000. Institutional investors own 38.32% of the company’s stock.

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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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