Columbia Sportswear (NASDAQ:COLM) Director Ronald Nelson Sells 4,080 Shares of Stock
by Amy Steele · The Cerbat GemColumbia Sportswear Company (NASDAQ:COLM – Get Free Report) Director Ronald Nelson sold 4,080 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $67.78, for a total value of $276,542.40. Following the sale, the director owned 22,789 shares of the company’s stock, valued at approximately $1,544,638.42. The trade was a 15.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Columbia Sportswear Stock Down 2.4%
COLM stock opened at $66.18 on Friday. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 21.08 and a beta of 0.91. The business has a fifty day simple moving average of $59.29 and a 200-day simple moving average of $57.48. Columbia Sportswear Company has a 52 week low of $47.47 and a 52 week high of $68.29.
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.30. Columbia Sportswear had a net margin of 4.98% and a return on equity of 11.78%. The firm had revenue of $779.01 million during the quarter, compared to analysts’ expectations of $758.26 million. During the same period in the prior year, the company earned $0.75 EPS. The firm’s 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. As a group, analysts expect that Columbia Sportswear Company will post 3.86 earnings per share for the current fiscal year.
Columbia Sportswear Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, May 21st. Columbia Sportswear’s dividend payout ratio is 38.22%.
Analysts Set New Price Targets
COLM has been the subject of a number of analyst reports. UBS Group reissued a “sell” rating and issued a $47.00 price objective (up from $44.00) on shares of Columbia Sportswear 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. Robert W. Baird set a $63.00 price target on shares of Columbia Sportswear in a research report on Wednesday, February 4th. Stifel Nicolaus increased their price target on shares of Columbia Sportswear from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings raised shares of Columbia Sportswear from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Columbia Sportswear currently has a consensus rating of “Hold” and an average target price of $62.67.
Check Out Our Latest Analysis on COLM
Hedge Funds Weigh In On Columbia Sportswear
Several large investors have recently modified their holdings of the stock. Alpine Woods Capital Investors LLC bought a new position in shares of Columbia Sportswear during the first quarter worth about $221,000. Segall Bryant & Hamill LLC acquired a new stake in Columbia Sportswear during the first quarter worth about $4,292,000. Essential Partners LLC raised its stake in Columbia Sportswear by 66.2% during the first quarter. Essential Partners LLC now owns 1,293 shares of the textile maker’s stock worth $71,000 after acquiring an additional 515 shares during the period. California State Teachers Retirement System raised its stake in Columbia Sportswear by 16.6% during the first quarter. California State Teachers Retirement System now owns 30,362 shares of the textile maker’s stock worth $1,664,000 after acquiring an additional 4,318 shares during the period. Finally, Empowered Funds LLC acquired a new stake in Columbia Sportswear during the first quarter worth about $1,465,000. 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.