Peter Bragdon Acquires 300 Shares of Columbia Sportswear (NASDAQ:COLM) Stock

by · The Cerbat Gem

Columbia Sportswear Company (NASDAQ:COLM – Get Free Report) President Peter Bragdon acquired 300 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were bought at an average price of $54.40 per share, for a total transaction of $16,320.00. Following the acquisition, the president owned 26,223 shares in the company, valued at approximately $1,426,531.20. This trade represents a 1.16% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Columbia Sportswear Trading Down 1.4%

COLM traded down $0.76 on Friday, hitting $53.69. 731,128 shares of the stock traded hands, compared to its average volume of 754,786. The firm has a market capitalization of $2.89 billion, a PE ratio of 13.70 and a beta of 0.94. Columbia Sportswear Company has a 52 week low of $47.47 and a 52 week high of $92.88. The business has a fifty day moving average price of $52.81 and a two-hundred day moving average price of $57.62.

Columbia Sportswear (NASDAQ:COLM – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The textile maker reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.16. Columbia Sportswear had a net margin of 6.59% and a return on equity of 12.97%. The firm had revenue of $943.43 million during the quarter, compared to analysts’ expectations of $917.02 million. During the same quarter last year, the company earned $1.56 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Columbia Sportswear has set its Q4 2025 guidance at 1.040-1.340 EPS. FY 2025 guidance at 3.010-3.310 EPS. On average, equities research analysts forecast that Columbia Sportswear Company will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, November 20th. Columbia Sportswear’s payout ratio is presently 36.25%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Stifel Nicolaus reduced their price objective on Columbia Sportswear from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Cfra Research raised shares of Columbia Sportswear to a “hold” rating in a research note on Monday, August 4th. Citigroup decreased their price target on shares of Columbia Sportswear from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Zacks Research lowered shares of Columbia Sportswear from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 30th. Finally, BTIG Research reaffirmed a “buy” rating and set a $75.00 price objective on shares of Columbia Sportswear in a report on Friday, October 31st. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.50.

Get Our Latest Stock Report on Columbia Sportswear

Institutional Investors Weigh In On Columbia Sportswear

Several large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in shares of Columbia Sportswear by 215.0% during the third quarter. JPMorgan Chase & Co. now owns 1,083,624 shares of the textile maker’s stock worth $56,674,000 after acquiring an additional 739,584 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Columbia Sportswear in the 1st quarter valued at about $39,222,000. Invesco Ltd. lifted its holdings in shares of Columbia Sportswear by 231.7% in the second quarter. Invesco Ltd. now owns 367,330 shares of the textile maker’s stock valued at $22,437,000 after purchasing an additional 256,578 shares in the last quarter. Norges Bank acquired a new position in shares of Columbia Sportswear during the second quarter worth about $14,669,000. Finally, AQR Capital Management LLC lifted its stake in Columbia Sportswear by 67.5% in the 2nd quarter. AQR Capital Management LLC now owns 530,762 shares of the textile maker’s stock valued at $32,387,000 after acquiring an additional 213,905 shares in the last quarter. Institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Company Profile

(Get Free Report)

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday 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 for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.

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