Columbia Sportswear (NASDAQ:COLM – Get Rating) CAO Peter J. Bragdon purchased 300 shares of Columbia Sportswear in a trade dated Friday, May 6. The shares were purchased at an average cost of $76.35 per share, for a total transaction of $22,905.00. Following the completion of the transaction, the chief accounting officer now owns 19,981 shares of the company, valued at approximately $1,525,549.35. The purchase was disclosed in a legal filing with the SEC, accessible via this link.
NASDAQ:COLM opened Wednesday at $76.21. The company’s 50-day simple moving average is $87.84 and its 200-day simple moving average is $93.97. Columbia Sportswear has a fifty-two week low of $74.49 and a fifty-two week high of $107.50. The stock has a market capitalization of $4.79 billion, a P/E ratio of 13.73, a P/E/G ratio of 1.54 and a beta of 0.90.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its results on Thursday, April 28. The textile maker reported EPS of $1.03 for the quarter, beating consensus analyst estimates of $0.85 by $0.18. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. The company posted revenue of $761.50 million in the quarter, compared to $762.88 million expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $0.84. Columbia Sportswear’s revenue for the quarter increased 21.7% compared to the same quarter last year. Stock analysts expect Columbia Sportswear to post earnings per share of 5.85 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2. Shareholders of record on Thursday, May 19 will receive a dividend of $0.30. The ex-dividend date is Wednesday, May 18. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 1.57%. Columbia Sportswear’s payout rate is 21.62%.
A number of large investors have recently changed their positions in COLM. Russell Investments Group Ltd. increased its holdings in Columbia Sportswear by 40.4% in the third quarter. Russell Investments Group Ltd. now owns 120,794 shares of the textile maker worth $11,634,000 after acquiring 34,764 additional shares last quarter. The Manufacturers Life Insurance Company raised its position in Columbia Sportswear shares by 10.3% in the third quarter. The Manufacturers Life Insurance Company now owns 236,686 shares of the textile maker valued at $22,684,000 after buying an additional 22,167 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in Columbia Sportswear by 16.5% in Q3. Nissay Asset Management Corp Japan ADV now owns 12,427 shares of the textile maker worth $1,191,000 after buying an additional 1,762 shares last quarter. Strs Ohio acquired a new position in Columbia Sportswear during the 4th quarter, valued at approximately $1,622,000. Finally, the Alaska State Department of Revenue increased its stake in Columbia Sportswear by 41.4% during the 4th quarter. The Alaska State Department of Revenue now owns 11,070 shares of the textile maker valued at $1,078,000 after buying 3,243 additional shares last quarter. 48.65% of the shares are currently held by institutional investors.
Several research analysts have commented on COLM’s actions. TheStreet downgraded Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 report. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a Friday, April 29 report. Cowen raised his price target on shares of Columbia Sportswear from $110.00 to $116.00 and gave the stock an “outperform” rating in a Wednesday, Feb. 9 report. CL King upgraded shares of Columbia Sportswear to a “buy” rating and set a price target of $117.00 for the company in a Friday, February 4, report. Finally, Robert W. Baird lowered his price target on Columbia Sportswear stock from $110.00 to $100.00 in a Friday, April 29 research report. One financial analyst gave the stock a sell rating, six gave the company a hold rating and three gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $104.57.
Columbia Sportswear Company Profile (Get an evaluation)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia- Pacific, Europe, Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.
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