Insider Selling: Columbia Sportswear (NASDAQ:COLM) Director Sells $281,992.50 in Stock
by Mitch Edgeman · The Markets DailyColumbia Sportswear Company (NASDAQ:COLM – Get Free Report) Director Stephen Babson sold 4,150 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $67.95, for a total value of $281,992.50. Following the sale, the director owned 132,376 shares of the company’s stock, valued at approximately $8,994,949.20. The trade was a 3.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Columbia Sportswear Stock Down 2.3%
Shares of NASDAQ:COLM opened at $65.05 on Thursday. The business has a 50 day moving average price of $59.93 and a 200 day moving average price of $57.79. Columbia Sportswear Company has a twelve month low of $47.47 and a twelve month high of $68.29. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 20.72 and a beta of 0.93.
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.30. Columbia Sportswear had a return on equity of 11.78% and a net margin of 4.98%.The company had revenue of $779.01 million during the quarter, compared to the consensus estimate of $758.26 million. During the same quarter last year, the company earned $0.75 EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. Columbia Sportswear has set its FY 2026 guidance at 3.550-4.000 EPS and its Q2 2026 guidance at -0.460–0.370 EPS. Analysts anticipate that Columbia Sportswear Company will post 3.86 EPS for the current year.
Columbia Sportswear Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be given a $0.30 dividend. The ex-dividend date is Thursday, May 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.8%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 38.22%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on COLM shares. Citigroup reiterated a “neutral” rating and issued a $67.00 price objective (up from $65.00) on shares of Columbia Sportswear in a research report on Monday, May 4th. Weiss Ratings raised shares of Columbia Sportswear from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. BTIG Research increased their price target on shares of Columbia Sportswear from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Zacks Research raised shares of Columbia Sportswear from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Finally, UBS Group reissued a “sell” rating and issued a $47.00 price target (up from $44.00) on shares of Columbia Sportswear in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $62.67.
Check Out Our Latest Research Report on COLM
Hedge Funds Weigh In On Columbia Sportswear
Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in shares of Columbia Sportswear by 195.4% during the 4th quarter. Farther Finance Advisors LLC now owns 449 shares of the textile maker’s stock worth $25,000 after buying an additional 297 shares during the period. Fifth Third Bancorp lifted its position in shares of Columbia Sportswear by 630.0% during the 3rd quarter. Fifth Third Bancorp now owns 511 shares of the textile maker’s stock worth $27,000 after buying an additional 441 shares during the period. Allworth Financial LP lifted its position in shares of Columbia Sportswear by 690.0% during the 3rd quarter. Allworth Financial LP now owns 553 shares of the textile maker’s stock worth $29,000 after buying an additional 483 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Columbia Sportswear by 208.3% during the 1st quarter. Jones Financial Companies Lllp now owns 555 shares of the textile maker’s stock worth $42,000 after buying an additional 375 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of Columbia Sportswear by 250.0% during the 3rd quarter. Parallel Advisors LLC now owns 581 shares of the textile maker’s stock worth $30,000 after buying an additional 415 shares during the period. Institutional investors own 47.76% of the company’s stock.
About Columbia Sportswear
Columbia Sportswear Company develops, sources, markets and distributes a wide range of outdoor apparel, footwear and accessories designed for activities such as hiking, skiing, snowboarding and trail running. Its product portfolio includes weatherproof jackets and pants featuring proprietary technologies like Omni-Tech® waterproofing and Omni-Heat® thermal reflective lining, as well as activewear, footwear, hats, gloves and accessories under the Columbia® brand and complementary brands.
Founded in 1938 as the Columbia Hat Company in Portland, Oregon, the company initially focused on headwear before expanding into outerwear in the 1970s with the introduction of the Bugaboo® interchange jacket.