Columbia Sportswear (NASDAQ:COLM – Get Rating) chief Stephen E. Babson sold 2,568 shares of the company in a trade that took place on Tuesday, May 3. The shares were sold at an average price of $81.14, for a total value of $208,367.52. Following the completion of the sale, the director now owns 112,627 shares of the company, valued at $9,138,554.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link.
COLM opened at $83.42 on Thursday. Columbia Sportswear has a 52 week minimum of $80.02 and a 52 week maximum of $109.90. The company has a fifty-day simple moving average of $89.10 and a 200-day simple moving average of $94.56. The company has a market capitalization of $5.25 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.68 and a beta of 0.90.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its quarterly results on Thursday, April 28. The textile maker reported EPS of $1.03 for the quarter, beating the consensus estimate of $0.85 by $0.18. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. The company posted revenue of $761.50 million in the quarter, versus analyst estimates of $762.88 million. During the same period last year, the company posted earnings per share of $0.84. The company’s quarterly revenue increased 21.7% year over year. Research analysts expect Columbia Sportswear to post earnings per share of 5.85 for the current 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. This represents an annualized dividend of $1.20 and a dividend yield of 1.44%. The ex-dividend date is Wednesday, May 18. Columbia Sportswear’s payout ratio is currently 21.62%.
Several research analysts have recently weighed in on COLM shares. TheStreet lowered Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 research report. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a Friday, April 29 research report. CL King upgraded Columbia Sportswear to a “buy” rating and set a price target of $117.00 for the company in a Friday, February 4 research report. Zacks Investment Research has downgraded Columbia Sportswear from a “buy” rating to a “hold” rating and has set a price target of $92.00 for the company. in a research report on Tuesday, April 12. Finally, Bank of America downgraded Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its price target for the stock from $108.00 to $80.00 in a research report Friday, April 29. One equity research analyst gave the stock a sell rating, six issued a hold rating and three gave the company a buy rating. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $104.57.
Several hedge funds and other institutional investors have recently changed their positions in COLM. Morgan Stanley increased its stake in shares of Columbia Sportswear by 106.0% in the second quarter. Morgan Stanley now owns 130,478 shares of the textile maker valued at $12,834,000 after acquiring an additional 67,154 shares last quarter. The New York State Common Retirement Fund increased its stake in Columbia Sportswear shares by 3.9% in the third quarter. The New York State Common Retirement Fund now owns 45,405 shares of the textile maker valued at $4,352,000 after acquiring 1,705 additional shares in the last quarter. Retirement Systems of Alabama increased its stake in Columbia Sportswear shares by 13.7% in the third quarter. Retirement Systems of Alabama now owns 45,270 shares of the textile maker valued at $4,339,000 after acquiring 5,445 additional shares last quarter. The North Carolina state treasurer increased its stake in Columbia Sportswear stock by 3.5% in the third quarter. The North Carolina state treasurer now owns 14,385 shares of the textile maker worth $1,379,000 after acquiring 489 additional shares last quarter. Finally, Shell Asset Management Co. acquired a new stake in shares of Columbia Sportswear in the third quarter worth $477,000. Institutional investors and hedge funds own 48.65% of the company’s shares.
About Columbia Sportswear (Get a rating)
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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