Insider Selling: Columbia Sportswear (NASDAQ:COLM) CFO Sells 7,199 Shares of Stock

Columbia Sportswear (NASDAQ:COLM - Get Free Report) CFO Jim A. Swanson sold 7,199 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $77.50, for a total transaction of $557,922.50. Following the transaction, the chief financial officer now owns 9,423 shares of the company's stock, valued at $730,282.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Columbia Sportswear Stock Performance

NASDAQ:COLM traded up $1.85 during mid-day trading on Wednesday, hitting $81.48. The stock had a trading volume of 700,937 shares, compared to its average volume of 524,919. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $86.11. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 3.32 and a beta of 0.94. The company's 50 day simple moving average is $78.75 and its 200 day simple moving average is $78.23.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.36. The business had revenue of $769.98 million during the quarter, compared to the consensus estimate of $740.62 million. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. Columbia Sportswear's revenue was down 6.2% on a year-over-year basis. During the same period last year, the business posted $0.74 EPS. As a group, equities analysts forecast that Columbia Sportswear will post 3.8 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 1.47%. Columbia Sportswear's dividend payout ratio is currently 29.27%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC raised its holdings in Columbia Sportswear by 76.2% in 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. Fifth Third Bancorp raised its holdings in Columbia Sportswear by 44.3% in the 3rd quarter. Fifth Third Bancorp now owns 502 shares of the textile maker's stock valued at $37,000 after acquiring an additional 154 shares during the period. TFO Wealth Partners LLC raised its holdings in Columbia Sportswear by 11,725.0% in the 4th quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker's stock valued at $38,000 after acquiring an additional 469 shares during the period. Signaturefd LLC raised its holdings in Columbia Sportswear by 125.7% in the 3rd quarter. Signaturefd LLC now owns 607 shares of the textile maker's stock valued at $45,000 after acquiring an additional 338 shares during the period. Finally, Quent Capital LLC increased its holdings in shares of Columbia Sportswear by 79.6% during the fourth quarter. Quent Capital LLC now owns 616 shares of the textile maker's stock worth $49,000 after purchasing an additional 273 shares during the period. 47.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on COLM shares. StockNews.com downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Tuesday, January 9th. UBS Group reduced their price objective on shares of Columbia Sportswear from $62.00 to $59.00 and set a "sell" rating for the company in a research note on Friday, February 2nd. Finally, Stifel Nicolaus raised their target price on shares of Columbia Sportswear from $75.00 to $84.00 and gave the company a "hold" rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Columbia Sportswear has a consensus rating of "Hold" and a consensus target price of $75.75.

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.