Peter J. Bragdon Sells 23,806 Shares of Columbia Sportswear Company (COLM) Stock

Columbia Sportswear Company (NASDAQ:COLM) CAO Peter J. Bragdon sold 23,806 shares of Columbia Sportswear Company stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $57.49, for a total transaction of $1,368,606.94. Following the completion of the transaction, the chief accounting officer now owns 20,273 shares in the company, valued at $1,165,494.77. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Columbia Sportswear Company (NASDAQ:COLM) opened at 57.53 on Tuesday. Columbia Sportswear Company has a 12 month low of $51.70 and a 12 month high of $63.55. The firm’s 50 day moving average is $55.60 and its 200 day moving average is $57.12. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 21.15 and a beta of 0.78.

Columbia Sportswear Company (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, February 9th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.10. The business earned $717.40 million during the quarter, compared to the consensus estimate of $758.88 million. Columbia Sportswear Company had a net margin of 8.07% and a return on equity of 12.77%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 earnings per share. On average, equities analysts predict that Columbia Sportswear Company will post $2.80 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 22nd. Shareholders of record on Thursday, March 9th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.25%. The ex-dividend date is Tuesday, March 7th. Columbia Sportswear Company’s dividend payout ratio is presently 26.57%.

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Several brokerages have commented on COLM. Zacks Investment Research upgraded shares of Columbia Sportswear Company from a “sell” rating to a “hold” rating in a research report on Wednesday, March 8th. B. Riley restated a “neutral” rating and set a $61.00 target price on shares of Columbia Sportswear Company in a research report on Sunday, February 12th. Guggenheim restated a “buy” rating and set a $55.00 target price on shares of Columbia Sportswear Company in a research report on Friday, February 10th. Cowen and Company restated a “market perform” rating and set a $58.00 target price on shares of Columbia Sportswear Company in a research report on Friday, February 10th. Finally, FBR & Co restated an “outperform” rating and set a $68.00 target price on shares of Columbia Sportswear Company in a research report on Friday, February 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $65.25.

Hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its stake in Columbia Sportswear Company by 30.0% in the second quarter. Public Employees Retirement System of Ohio now owns 60,117 shares of the company’s stock valued at $3,459,000 after buying an additional 13,885 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Columbia Sportswear Company by 1.4% in the third quarter. Eqis Capital Management Inc. now owns 4,060 shares of the company’s stock valued at $230,000 after buying an additional 57 shares in the last quarter. Moody Aldrich Partners LLC increased its stake in Columbia Sportswear Company by 101.8% in the third quarter. Moody Aldrich Partners LLC now owns 33,610 shares of the company’s stock valued at $1,907,000 after buying an additional 16,955 shares in the last quarter. FNY Managed Accounts LLC acquired a new stake in Columbia Sportswear Company during the third quarter valued at $275,000. Finally, Chicago Equity Partners LLC increased its stake in Columbia Sportswear Company by 17.9% in the third quarter. Chicago Equity Partners LLC now owns 5,210 shares of the company’s stock valued at $296,000 after buying an additional 790 shares in the last quarter. 38.11% of the stock is owned by institutional investors and hedge funds.

About Columbia Sportswear Company

Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada.

5 Day Chart for NASDAQ:COLM

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