Columbia Sportswear (NASDAQ:COLM) SVP Douglas H. Morse sold 688 shares of the stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $91.00, for a total value of $62,608.00. Following the transaction, the senior vice president now directly owns 460 shares of the company’s stock, valued at $41,860. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Columbia Sportswear stock traded down $0.35 during trading on Friday, reaching $91.72. The company’s stock had a trading volume of 121,648 shares, compared to its average volume of 226,439. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 2.45 and a beta of 0.78. Columbia Sportswear has a 1-year low of $57.50 and a 1-year high of $95.58.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, July 26th. The textile maker reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.26. The firm had revenue of $481.62 million during the quarter, compared to analysts’ expectations of $453.27 million. Columbia Sportswear had a return on equity of 14.79% and a net margin of 5.19%. The business’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.17) EPS. equities research analysts forecast that Columbia Sportswear will post 3.47 EPS for the current year.

Columbia Sportswear announced that its Board of Directors has approved a share buyback program on Monday, August 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the textile maker to reacquire up to 3.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 30th. Shareholders of record on Thursday, August 16th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, August 15th. This represents a $0.88 dividend on an annualized basis and a yield of 0.96%. Columbia Sportswear’s dividend payout ratio is currently 29.53%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement Association of Colorado acquired a new position in shares of Columbia Sportswear in the 2nd quarter valued at about $104,000. Mount Yale Investment Advisors LLC purchased a new position in shares of Columbia Sportswear in the 1st quarter valued at about $109,000. Point72 Asset Management L.P. purchased a new position in shares of Columbia Sportswear in the 2nd quarter valued at about $119,000. Fort L.P. purchased a new position in shares of Columbia Sportswear in the 2nd quarter valued at about $121,000. Finally, NewSquare Capital LLC purchased a new position in shares of Columbia Sportswear in the 2nd quarter valued at about $165,000. 39.08% of the stock is owned by institutional investors.

COLM has been the subject of several analyst reports. Citigroup raised their price objective on Columbia Sportswear from $94.00 to $106.00 and gave the company a “buy” rating in a research note on Monday, July 30th. BidaskClub lowered Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 25th. Buckingham Research raised their price target on Columbia Sportswear from $80.00 to $84.00 and gave the stock a “neutral” rating in a research note on Thursday, August 16th. FBR & Co lowered Columbia Sportswear from an “outperform” rating to a “$93.43” rating and set a $84.00 price target for the company. in a research note on Wednesday, July 18th. Finally, B. Riley reissued a “neutral” rating and set a $84.00 price target (up from $81.00) on shares of Columbia Sportswear in a research note on Wednesday, July 18th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $87.44.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active 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 that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.

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Insider Buying and Selling by Quarter for Columbia Sportswear (NASDAQ:COLM)

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