Columbia Sportswear (NASDAQ:COLM) COO Thomas B. Cusick sold 16,006 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $78.75, for a total transaction of $1,260,472.50. Following the transaction, the chief operating officer now owns 47,355 shares in the company, valued at $3,729,206.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Columbia Sportswear (NASDAQ COLM) opened at $77.26 on Thursday. Columbia Sportswear has a fifty-two week low of $51.56 and a fifty-two week high of $79.38. The company has a market cap of $5,425.61, a P/E ratio of 26.72, a PEG ratio of 2.49 and a beta of 0.91.

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Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, February 8th. The textile maker reported $1.31 EPS for the quarter, topping the consensus estimate of $1.15 by $0.16. Columbia Sportswear had a net margin of 4.26% and a return on equity of 12.65%. The firm had revenue of $776.00 million for the quarter, compared to analyst estimates of $762.18 million. During the same period in the prior year, the business posted $1.20 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. research analysts forecast that Columbia Sportswear will post 3.25 EPS for the current year.

The business also recently disclosed 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 a positive change from Columbia Sportswear’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Thursday, March 8th. Columbia Sportswear’s dividend payout ratio is currently 59.06%.

Several hedge funds have recently modified their holdings of the company. California Public Employees Retirement System lifted its holdings in shares of Columbia Sportswear by 1.3% in the 3rd quarter. California Public Employees Retirement System now owns 71,700 shares of the textile maker’s stock worth $4,415,000 after acquiring an additional 900 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Columbia Sportswear by 3.8% in the 4th quarter. Bank of Montreal Can now owns 24,852 shares of the textile maker’s stock worth $1,786,000 after acquiring an additional 900 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Columbia Sportswear by 5.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 18,125 shares of the textile maker’s stock worth $1,303,000 after acquiring an additional 1,008 shares during the last quarter. Intrust Bank NA lifted its holdings in shares of Columbia Sportswear by 22.2% in the 4th quarter. Intrust Bank NA now owns 5,757 shares of the textile maker’s stock worth $413,000 after acquiring an additional 1,044 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in shares of Columbia Sportswear by 1.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 131,455 shares of the textile maker’s stock worth $8,158,000 after acquiring an additional 1,366 shares during the last quarter. Hedge funds and other institutional investors own 38.94% of the company’s stock.

Several equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub upgraded shares of Columbia Sportswear from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 7th. Robert W. Baird boosted their target price on shares of Columbia Sportswear from $84.00 to $87.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Canaccord Genuity set a $66.00 target price on shares of Columbia Sportswear and gave the company a “hold” rating in a report on Sunday, January 7th. Finally, B. Riley boosted their target price on shares of Columbia Sportswear from $76.00 to $79.00 and gave the company a “buy” rating in a report on Friday, February 9th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Columbia Sportswear has an average rating of “Buy” and an average target price of $76.87.

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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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