Columbia Sportswear (NASDAQ:COLM) Director Andy D. Bryant sold 19,946 shares of Columbia Sportswear stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $85.35, for a total transaction of $1,702,391.10. Following the completion of the transaction, the director now directly owns 46,277 shares in the company, valued at $3,949,741.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of COLM stock opened at $86.30 on Thursday. Columbia Sportswear has a 12 month low of $52.51 and a 12 month high of $87.97. The firm has a market cap of $6.00 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 2.30 and a beta of 0.88.
Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, April 26th. The textile maker reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.19. Columbia Sportswear had a net margin of 4.52% and a return on equity of 13.58%. The firm had revenue of $607.31 million for the quarter, compared to analysts’ expectations of $581.16 million. During the same quarter in the previous year, the business posted $0.51 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. sell-side analysts forecast that Columbia Sportswear will post 3.35 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Thursday, May 17th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Wednesday, May 16th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 29.53%.
Several hedge funds have recently made changes to their positions in the company. Allianz Asset Management GmbH bought a new stake in shares of Columbia Sportswear during the 1st quarter valued at $1,826,000. Principal Financial Group Inc. boosted its holdings in shares of Columbia Sportswear by 29.4% during the 1st quarter. Principal Financial Group Inc. now owns 4,119 shares of the textile maker’s stock valued at $315,000 after buying an additional 936 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Columbia Sportswear during the 1st quarter valued at $947,000. CIBC World Markets Inc. bought a new stake in shares of Columbia Sportswear during the 1st quarter valued at $233,000. Finally, Millennium Management LLC boosted its holdings in shares of Columbia Sportswear by 345.5% during the 1st quarter. Millennium Management LLC now owns 220,618 shares of the textile maker’s stock valued at $16,862,000 after buying an additional 171,098 shares in the last quarter. Hedge funds and other institutional investors own 38.89% of the company’s stock.
A number of research analysts have issued reports on the stock. BidaskClub downgraded shares of Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 17th. B. Riley boosted their price objective on shares of Columbia Sportswear from $76.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Canaccord Genuity set a $70.00 price objective on shares of Columbia Sportswear and gave the company a “hold” rating in a research report on Thursday, February 8th. Pivotal Research reissued a “buy” rating and set a $85.00 price objective (up from $74.00) on shares of Columbia Sportswear in a research report on Wednesday, February 7th. Finally, Citigroup boosted their price objective on shares of Columbia Sportswear from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Columbia Sportswear has an average rating of “Buy” and a consensus target price of $83.13.
Columbia Sportswear Company Profile
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.
Receive News & Ratings for Columbia Sportswear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Sportswear and related companies with MarketBeat.com's FREE daily email newsletter.