Columbia Sportswear director sells shares worth $522,727

Published 19/02/2025, 00:12
Columbia Sportswear director sells shares worth $522,727

Ronald E. Nelson, a director at Columbia Sportswear Co. (NASDAQ:COLM), a $5.1 billion market cap company with a "GOOD" financial health rating according to InvestingPro, recently executed several stock transactions, according to a filing with the Securities and Exchange Commission. On February 13, Nelson sold 6,395 shares of the company’s common stock at prices ranging from $81.65 to $81.82, totaling approximately $522,727.

Additionally, Nelson exercised stock options to acquire 3,969 shares at a price of $57.05 per share. Following these transactions, Nelson holds 17,048 shares of Columbia Sportswear directly.

In other recent news, Columbia Sportswear reported fourth-quarter earnings that did not meet analyst expectations and provided a disappointing forecast for the upcoming year. The outdoor apparel company reported earnings per share of $1.80, missing the consensus of $1.86, and revenue of $1.1 billion, a 3% increase year-over-year. For the full year 2025, Columbia Sportswear predicts earnings per share between $3.80 and $4.15 and revenue between $3.40 billion to $3.47 billion, both figures falling short of analyst estimates.

UBS analysts have maintained their Sell rating on Columbia Sportswear and reaffirmed a $60.00 price target due to ongoing challenges such as heightened competition and continuous selling, general, and administrative cost deleverage. These issues have contributed to Columbia Sportswear’s margins falling short of expectations and a less robust fiscal year 2025 guidance than anticipated. The UBS analysts believe these challenges may persist in the near term, potentially leading to earnings per share for Columbia Sportswear that may not meet market expectations. These recent developments reflect a cautious stance on Columbia Sportswear’s ability to overcome these hurdles in the short to medium term.

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