Columbia Sportswear (NASDAQ:COLM) Stock: Insider Joseph Boyle Sells 19,129 Shares

Columbia Sportswear Company (NASDAQ:COLM) insider Joseph Boyle sold 19,129 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $70.47, for a total value of $1,348,020.63. Following the transaction, the insider owned 2,776,714 shares in the company, valued at approximately $195,675,035.58. This trade represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Columbia Sportswear Price Performance

COLM opened at $69.12 on Friday. Columbia Sportswear Company has a 1 year low of $49.56 and a 1 year high of $72.63. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 15.16 and a beta of 0.88. The firm’s fifty day moving average price is $59.31 and its two-hundred day moving average price is $60.06.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, October 29th. The textile maker reported $1.66 EPS for the quarter, beating 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 company had revenue of $962.58 million during the quarter, compared to the consensus estimate of $944.91 million. During the same quarter in the prior year, the company posted $1.41 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities analysts anticipate that Columbia Sportswear Company will post 3.91 EPS for the current year.

Columbia Sportswear Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. BTIG Research boosted their target price on Columbia Sportswear from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Weiss Ratings raised Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Wall Street Zen downgraded Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. Stifel Nicolaus set a $67.00 price target on Columbia Sportswear and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Robert W. Baird set a $65.00 price target on Columbia Sportswear in a report on Friday, July 31st. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $66.40.

Institutional Trading of Columbia Sportswear

A number of large investors have recently added to or reduced their stakes in COLM. BlackRock Inc. purchased a new position in Columbia Sportswear in the second quarter valued at approximately $152,164,000. Tassel Capital Management Inc. bought a new position in Columbia Sportswear during the second quarter valued at $10,085,000. Dimensional Fund Advisors LP increased its position in Columbia Sportswear by 15.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,222,770 shares of the textile maker’s stock worth $121,824,000 after buying an additional 301,277 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Columbia Sportswear in the second quarter worth $16,691,000. Finally, Bank of America Corp DE purchased a new stake in Columbia Sportswear in the second quarter worth $15,746,000. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Company Profile

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.