Columbia Sportswear Company (NASDAQ:COLM) COO Bryan Timm sold 4,012 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $57.73, for a total value of $231,612.76. Following the sale, the chief operating officer now directly owns 83,649 shares of the company’s stock, valued at $4,829,056.77. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Columbia Sportswear Company (NASDAQ:COLM) traded up 0.30% during trading on Monday, hitting $57.53. The stock had a trading volume of 560,421 shares. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 21.15 and a beta of 0.78. Columbia Sportswear Company has a 12-month low of $51.70 and a 12-month high of $63.55. The stock has a 50-day moving average of $55.60 and a 200 day moving average of $57.12.
Columbia Sportswear Company (NASDAQ:COLM) last released its earnings results on Thursday, February 9th. The company reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.10. Columbia Sportswear Company had a return on equity of 12.77% and a net margin of 8.07%. The firm had revenue of $717.40 million for the quarter, compared to the consensus estimate of $758.88 million. During the same period in the prior year, the business posted $0.90 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts predict that Columbia Sportswear Company will post $2.80 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Investors of record on Thursday, March 9th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, March 7th. This represents a $0.72 annualized dividend and a yield of 1.25%. Columbia Sportswear Company’s dividend payout ratio (DPR) is presently 26.57%.
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A number of institutional investors have recently added to or reduced their stakes in COLM. UBS Oconnor LLC acquired a new position in Columbia Sportswear Company during the third quarter valued at $2,553,000. JPMorgan Chase & Co. increased its position in Columbia Sportswear Company by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 1,266,412 shares of the company’s stock valued at $71,857,000 after buying an additional 49,448 shares during the period. Capital Fund Management S.A. increased its position in Columbia Sportswear Company by 29.7% in the third quarter. Capital Fund Management S.A. now owns 48,126 shares of the company’s stock valued at $2,731,000 after buying an additional 11,026 shares during the period. Emerald Acquisition Ltd. increased its position in Columbia Sportswear Company by 625.1% in the third quarter. Emerald Acquisition Ltd. now owns 244,105 shares of the company’s stock valued at $13,851,000 after buying an additional 210,440 shares during the period. Finally, Teachers Advisors LLC increased its position in Columbia Sportswear Company by 17.9% in the third quarter. Teachers Advisors LLC now owns 226,888 shares of the company’s stock valued at $12,874,000 after buying an additional 34,370 shares during the period. Hedge funds and other institutional investors own 38.11% of the company’s stock.
COLM has been the subject of a number of recent analyst reports. Cowen and Company reissued a “market perform” rating and set a $58.00 price objective on shares of Columbia Sportswear Company in a research report on Friday, February 10th. Guggenheim reissued a “buy” rating and set a $55.00 price objective on shares of Columbia Sportswear Company in a research report on Friday, February 10th. Zacks Investment Research raised Columbia Sportswear Company from a “sell” rating to a “hold” rating in a research report on Friday, December 30th. Wedbush raised their price objective on Columbia Sportswear Company from $67.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, January 13th. Finally, DA Davidson set a $72.00 price objective on Columbia Sportswear Company and gave the stock a “buy” rating in a research report on Monday, November 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $65.25.
About Columbia Sportswear Company
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada.
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