Columbia Sportswear Company (NASDAQ:COLM - Get Free Report) President Peter Bragdon sold 375 shares of the business's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $70.81, for a total transaction of $26,553.75. Following the sale, the president owned 28,950 shares of the company's stock, valued at $2,049,949.50. This represents a 1.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Columbia Sportswear Trading Up 1.2%
Shares of Columbia Sportswear stock opened at $70.93 on Thursday. The company has a fifty day simple moving average of $59.10 and a 200-day simple moving average of $59.98. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 15.55 and a beta of 0.88. Columbia Sportswear Company has a 12-month low of $49.56 and a 12-month high of $72.63.
Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The textile maker reported $1.66 EPS for the quarter, topping the consensus estimate of $1.28 by $0.38. Columbia Sportswear had a net margin of 6.97% and a return on equity of 11.71%. The firm had revenue of $962.58 million for the quarter, compared to analyst estimates of $944.91 million. During the same period last year, the business earned $1.41 EPS. Columbia Sportswear's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts forecast that Columbia Sportswear Company will post 3.91 earnings per share for the current fiscal year.
Columbia Sportswear Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, November 19th. Columbia Sportswear's dividend payout ratio is currently 26.32%.
Institutional Trading of Columbia Sportswear
A number of large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Columbia Sportswear in the second quarter valued at $152,164,000. Tassel Capital Management Inc. purchased a new stake in shares of Columbia Sportswear in the second quarter valued at about $10,085,000. Dimensional Fund Advisors LP raised its holdings in shares of Columbia Sportswear by 15.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,222,770 shares of the textile maker's stock valued at $121,824,000 after buying an additional 301,277 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Columbia Sportswear in the second quarter valued at about $16,691,000. Finally, Bank of America Corp DE acquired a new stake in shares of Columbia Sportswear during the second quarter worth about $15,746,000. Institutional investors and hedge funds own 47.76% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on COLM. BTIG Research lifted their target price on Columbia Sportswear from $80.00 to $83.00 and gave the stock a "buy" rating in a research report on Friday, October 30th. Wall Street Zen lowered Columbia Sportswear from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 11th. Stifel Nicolaus set a $67.00 price target on Columbia Sportswear and gave the stock a "buy" rating in a research report on Friday, July 31st. Robert W. Baird set a $65.00 price objective on Columbia Sportswear in a research note on Friday, July 31st. Finally, Citigroup reissued a "neutral" rating and issued a $68.00 price objective (up from $67.00) on shares of Columbia Sportswear in a report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Columbia Sportswear presently has a consensus rating of "Hold" and a consensus target price of $66.40.
Read Our Latest Analysis on Columbia Sportswear
Columbia Sportswear Company Profile
(
Get Free Report)
Columbia Sportswear Company is an outdoor and active lifestyle apparel, footwear, accessories and equipment company headquartered in Portland, Oregon. Founded in 1938 as the Columbia Hat Company, the business has grown into a global outdoor brand focused on products designed for activities such as hiking, skiing, fishing, camping and everyday outdoor use.
The company markets products under the Columbia, Sorel, Mountain Hardwear and prAna brands. Its offerings include jackets, shirts, pants, base layers, footwear, hats, gloves, backpacks and other outdoor accessories.
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