Columbia Sportswear (NASDAQ:COLM - Get Free Report) Director Sabrina Simmons sold 523 shares of the business's stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total value of $42,729.10. Following the completion of the transaction, the director now directly owns 6,483 shares of the company's stock, valued at $529,661.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Columbia Sportswear Stock Down 0.6 %
NASDAQ COLM opened at $81.01 on Friday. Columbia Sportswear has a 12-month low of $66.01 and a 12-month high of $86.11. The firm's 50 day moving average is $78.71 and its 200-day moving average is $78.29. The company has a market capitalization of $4.84 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 3.40 and a beta of 0.94.
Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The textile maker reported $0.71 EPS for the quarter, topping the consensus estimate of $0.35 by $0.36. The firm had revenue of $769.98 million for the quarter, compared to analysts' expectations of $740.62 million. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The company's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 EPS. As a group, sell-side analysts expect that Columbia Sportswear will post 3.83 EPS for the current year.
Columbia Sportswear Dividend Announcement
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The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.48%. Columbia Sportswear's dividend payout ratio is 29.27%.
Institutional Investors Weigh In On Columbia Sportswear
Several large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new stake in Columbia Sportswear in the 4th quarter valued at about $6,982,000. Comerica Bank increased its holdings in shares of Columbia Sportswear by 67.5% during the 3rd quarter. Comerica Bank now owns 57,191 shares of the textile maker's stock worth $4,238,000 after acquiring an additional 23,055 shares during the last quarter. Quadrature Capital Ltd raised its stake in Columbia Sportswear by 107.6% in the 3rd quarter. Quadrature Capital Ltd now owns 90,642 shares of the textile maker's stock valued at $6,718,000 after acquiring an additional 46,972 shares during the period. Morgan Stanley lifted its holdings in Columbia Sportswear by 9.2% during the 3rd quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker's stock valued at $322,530,000 after purchasing an additional 366,854 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Columbia Sportswear during the third quarter worth $1,264,000. Institutional investors and hedge funds own 47.76% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on COLM shares. UBS Group decreased their price objective on Columbia Sportswear from $62.00 to $59.00 and set a "sell" rating for the company in a research report on Friday, February 2nd. Stifel Nicolaus lifted their price target on shares of Columbia Sportswear from $75.00 to $84.00 and gave the company a "hold" rating in a research note on Friday, April 26th. Finally, StockNews.com downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $75.75.
Read Our Latest Research Report on COLM
Columbia Sportswear Company Profile
(
Get Free Report)
Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday 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 for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.
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