Columbia Sportswear (NASDAQ:COLM) Director Sarah Bany sold 11,846 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $74.24, for a total transaction of $879,447.04. Following the transaction, the director now owns 2 shares in the company, valued at approximately $148.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Columbia Sportswear (COLM) traded up $0.68 on Friday, reaching $75.12. 156,400 shares of the company’s stock traded hands, compared to its average volume of 261,360. Columbia Sportswear has a fifty-two week low of $51.56 and a fifty-two week high of $79.21. The company has a market capitalization of $5,240.00, a P/E ratio of 26.22, a PEG ratio of 2.39 and a beta of 0.95.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, February 8th. The textile maker reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.16. Columbia Sportswear had a net margin of 4.26% and a return on equity of 12.73%. The business had revenue of $776.00 million for the quarter, compared to the consensus estimate of $762.18 million. During the same period last year, the firm earned $1.20 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. analysts predict that Columbia Sportswear will post 3.25 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Friday, March 9th will be given a $0.22 dividend. The ex-dividend date is Thursday, March 8th. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 1.17%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 26.57%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp raised its position in Columbia Sportswear by 8.8% in the second quarter. State Street Corp now owns 538,316 shares of the textile maker’s stock worth $31,254,000 after acquiring an additional 43,315 shares during the period. Russell Investments Group Ltd. raised its position in Columbia Sportswear by 13.7% in the third quarter. Russell Investments Group Ltd. now owns 206,632 shares of the textile maker’s stock worth $12,724,000 after acquiring an additional 24,950 shares during the period. Legal & General Group Plc raised its position in Columbia Sportswear by 43.8% in the third quarter. Legal & General Group Plc now owns 14,887 shares of the textile maker’s stock worth $916,000 after acquiring an additional 4,535 shares during the period. Deprince Race & Zollo Inc. raised its position in Columbia Sportswear by 8.8% in the third quarter. Deprince Race & Zollo Inc. now owns 481,183 shares of the textile maker’s stock worth $29,631,000 after acquiring an additional 38,786 shares during the period. Finally, Victory Capital Management Inc. raised its position in Columbia Sportswear by 14.8% in the third quarter. Victory Capital Management Inc. now owns 1,072,520 shares of the textile maker’s stock worth $66,046,000 after acquiring an additional 137,900 shares during the period. Institutional investors and hedge funds own 37.67% of the company’s stock.
A number of research analysts recently weighed in on the stock. Pivotal Research restated a “buy” rating and set a $74.00 price objective (up previously from $72.00) on shares of Columbia Sportswear in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Bank of America increased their price objective on shares of Columbia Sportswear from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Buckingham Research increased their price objective on shares of Columbia Sportswear from $67.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Finally, Goldman Sachs Group downgraded shares of Columbia Sportswear from a “buy” rating to a “neutral” rating and set a $78.00 price objective on the stock. in a research report on Tuesday, December 12th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $76.87.
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About Columbia Sportswear
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
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