Columbia sportswear

Columbia Sportswear (NASDAQ:COLM) CFO Jim A. Swanson buys 500 shares

Columbia Sportswear (NASDAQ:COLM – Get Rating) Chief Financial Officer Jim A. Swanson purchased 500 shares of Columbia Sportswear in a trade dated Monday, August 29. The shares were purchased at an average price of $72.99 per share, for a total transaction of $36,495.00. Following the completion of the transaction, the CFO now directly owns 5,197 shares of the company, valued at approximately $379,329.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link.

Columbia Sportswear Inventory Performance

NASDAQ:COLM was down $0.73 during trading hours on Tuesday, hitting $71.81. The stock recorded a trading volume of 494,408 shares, compared to an average volume of 417,543 shares. Columbia Sportswear has a one-year low of $68.29 and a one-year high of $107.50. The company has a market capitalization of $4.51 billion, a price/earnings ratio of 14.20, a P/E/G ratio of 1.75 and a beta of 0.89. The company’s 50-day moving average is $74.41 and its 200-day moving average is $81.30.

Columbia Sportswear (NASDAQ:COLM – Get Rating) last reported results on Wednesday, July 27. The textile maker reported EPS of $0.11 for the quarter, beating the consensus estimate of $0.04 by $0.07. The company posted revenue of $578.06 million in the quarter, versus a consensus estimate of $592.35 million. Columbia Sportswear had a net margin of 10.13% and a return on equity of 17.87%. The company’s quarterly revenue increased 2.1% year over year. In the same quarter of the previous year, the company had earned earnings per share of $0.61. On average, sell-side analysts expect Columbia Sportswear to post an EPS of 5.18 for the current fiscal year.

Columbia Sportswear Dividend Announcement

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 31. Shareholders of record on Wednesday, August 17 will receive a dividend of $0.30. This represents an annualized dividend of $1.20 and a dividend yield of 1.67%. The ex-dividend date is Tuesday, August 16. Columbia Sportswear’s payout ratio is currently 23.76%.

Hedge funds weigh on Columbia Sportswear

Several large investors have recently changed their stock holdings. US Bancorp DE increased its position in Columbia Sportswear shares by 19.8% in the first quarter. US Bancorp DE now owns 823 shares of the textile maker valued at $75,000 after buying an additional 136 shares during the period. Crossmark Global Holdings Inc. increased its position in Columbia Sportswear by 1.0% during the second quarter. Crossmark Global Holdings Inc. now owns 14,580 shares of the textile maker worth $1,043,000 after acquiring an additional 150 shares during the period. Yousif Capital Management LLC increased its position in Columbia Sportswear by 0.9% during the second quarter. Yousif Capital Management LLC now owns 18,731 shares of the textile maker worth $1,341,000 after acquiring 170 additional shares during the period. The Alaska State Department of Revenue increased its position in Columbia Sportswear by 1.7% during the second quarter. The Alaska State Department of Revenue now owns 11,230 shares of the textile maker worth $803,000 after acquiring 189 additional shares during the period. Finally, WINTON GROUP Ltd increased its position in Columbia Sportswear by 0.9% during the first quarter. WINTON GROUP Ltd now owns 21,056 shares in the textile maker worth $1,906,000 after acquiring an additional 190 shares during the period. 48.56% of the shares are held by institutional investors.

Analysts set new price targets

A number of stock analysts have recently released reports on the stock. Cowen reduced his target price on Columbia Sportswear shares from $116.00 to $100.00 in a Friday, May 13 research report. Stifel Nicolaus cut his price target on Columbia Sportswear shares from $100.00 to $81.00 in a Wednesday, July 20 research report. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a Friday, Aug. 5 research report. UBS Group cut its price target on Columbia Sportswear shares from $83.00 to $80.00 and set a “neutral” rating on the stock in a Thursday, July 28 research report. Finally, Robert W. Baird lowered his price target on Columbia Sportswear shares from $85.00 to $82.00 and set a “neutral” rating for the company in a Thursday, July 28 research note. One research analyst rated the stock with a sell rating, five gave a hold rating and three issued a buy rating for the company’s stock. According to MarketBeat, Columbia Sportswear currently has a consensus rating of “Hold” and an average price target of $89.38.

Columbia Sportswear Company Profile

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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, the 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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