Columbia Sportswear (NASDAQ:COLM – Get a rating) CAO Peter J. Bragdon purchased 300 shares of Columbia Sportswear in a trade dated Friday, May 6. The shares were purchased at an average cost of $76.35 per share, for a total transaction of $22,905.00. Following the completion of the transaction, the chief accounting officer now owns 19,981 shares of the company, valued at approximately $1,525,549.35. The purchase was disclosed in a legal filing with the SEC, accessible via this link.
NASDAQ:COLM opened at $76.21 on Wednesday. The company’s 50-day simple moving average is $87.84 and its 200-day simple moving average is $93.97. Columbia Sportswear has a fifty-two week low of $74.49 and a fifty-two week high of $107.50. The stock has a market capitalization of $4.79 billion, a P/E ratio of 13.73, a P/E/G ratio of 1.54 and a beta of 0.90.
Columbia Sportswear (NASDAQ:COLM – Get a rating) last released its results on Thursday, April 28. The textile maker reported EPS of $1.03 for the quarter, beating consensus analyst estimates of $0.85 by $0.18. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. The company posted revenue of $761.50 million in the quarter, compared to $762.88 million expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $0.84. Columbia Sportswear’s revenue for the quarter increased 21.7% compared to the same quarter last year. Stock analysts expect Columbia Sportswear to post earnings per share of 5.85 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2. Shareholders of record on Thursday, May 19 will receive a dividend of $0.30. The ex-dividend date is Wednesday, May 18. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 1.57%. Columbia Sportswear’s payout ratio is 21.62%.
A number of large investors have recently changed their positions in COLM. Russell Investments Group Ltd. increased its holdings in Columbia Sportswear by 40.4% in the third quarter. Russell Investments Group Ltd. now owns 120,794 shares of the textile maker worth $11,634,000 after acquiring 34,764 additional shares last quarter. The Manufacturers Life Insurance Company raised its position in Columbia Sportswear shares by 10.3% in the third quarter. The Manufacturers Life Insurance Company now owns 236,686 shares of the textile maker valued at $22,684,000 after buying an additional 22,167 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in Columbia Sportswear by 16.5% in Q3. Nissay Asset Management Corp Japan ADV now owns 12,427 shares of the textile maker worth $1,191,000 after buying an additional 1,762 shares last quarter. Strs Ohio acquired a new position in Columbia Sportswear during the 4th quarter, valued at approximately $1,622,000. Finally, the Alaska State Department of Revenue increased its stake in Columbia Sportswear by 41.4% during the 4th quarter. The Alaska State Department of Revenue now owns 11,070 shares of the textile maker valued at $1,078,000 after buying 3,243 additional shares last quarter. 48.65% of the shares are currently held by institutional investors.
Several research analysts have commented on COLM’s actions. TheStreet downgraded Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 report. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Friday, April 29. Cowen raised his price target on shares of Columbia Sportswear from $110.00 to $116.00 and gave the stock an “outperform” rating in a Wednesday, Feb. 9 report. CL King upgraded shares of Columbia Sportswear to a “buy” rating and set a price target of $117.00 for the company in a Friday, February 4, report. Finally, Robert W. Baird lowered his price target on Columbia Sportswear stock from $110.00 to $100.00 in a Friday, April 29 research report. One financial analyst gave the stock a sell rating, six gave the company a hold rating and three gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $104.57.
Columbia Sportswear Company Profile (Get a rating)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia- Pacific, Europe, Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.
Get news and reviews for Columbia Sportswear Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Columbia Sportswear and related companies with MarketBeat.com’s free daily email newsletter.