Columbia Sportswear (NASDAQ:COLM – Get a rating) Chief Financial Officer Jim A. Swanson purchased 500 shares of Columbia Sportswear in a trade dated Monday, August 29. The shares were purchased at an average price of $72.99 per share, for a total transaction of $36,495.00. Following the completion of the transaction, the CFO now directly owns 5,197 shares of the company, valued at approximately $379,329.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link.
Columbia Sportswear Inventory Performance
NASDAQ:COLM was down $0.73 during trading hours on Tuesday, hitting $71.81. The stock recorded a trading volume of 494,408 shares, compared to an average volume of 417,543 shares. Columbia Sportswear has a one-year low of $68.29 and a one-year high of $107.50. The company has a market capitalization of $4.51 billion, a price/earnings ratio of 14.20, a P/E/G ratio of 1.75 and a beta of 0.89. The company’s 50-day moving average is $74.41 and its 200-day moving average is $81.30.
Columbia Sportswear (NASDAQ:COLM – Get a rating) last reported results on Wednesday, July 27. The textile maker reported EPS of $0.11 for the quarter, beating the consensus estimate of $0.04 by $0.07. The company posted revenue of $578.06 million in the quarter, versus a consensus estimate of $592.35 million. Columbia Sportswear had a net margin of 10.13% and a return on equity of 17.87%. The company’s quarterly revenue increased 2.1% year over year. In the same quarter of the previous year, the company had earned earnings per share of $0.61. On average, sell-side analysts expect Columbia Sportswear to post an EPS of 5.18 for the current fiscal year.
Columbia Sportswear Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 31. Shareholders of record on Wednesday, August 17 will receive a dividend of $0.30. This represents an annualized dividend of $1.20 and a dividend yield of 1.67%. The ex-dividend date is Tuesday, August 16. Columbia Sportswear’s payout ratio is currently 23.76%.
Hedge funds weigh on Columbia Sportswear
Several large investors have recently changed their stock holdings. US Bancorp DE increased its position in Columbia Sportswear shares by 19.8% in the first quarter. US Bancorp DE now owns 823 shares of the textile maker valued at $75,000 after buying an additional 136 shares during the period. Crossmark Global Holdings Inc. increased its position in Columbia Sportswear by 1.0% during the second quarter. Crossmark Global Holdings Inc. now owns 14,580 shares of the textile maker worth $1,043,000 after acquiring an additional 150 shares during the period. Yousif Capital Management LLC increased its position in Columbia Sportswear by 0.9% during the second quarter. Yousif Capital Management LLC now owns 18,731 shares of the textile maker worth $1,341,000 after acquiring 170 additional shares during the period. The Alaska State Department of Revenue increased its position in Columbia Sportswear by 1.7% during the second quarter. The Alaska State Department of Revenue now owns 11,230 shares of the textile maker worth $803,000 after acquiring 189 additional shares during the period. Finally, WINTON GROUP Ltd increased its position in Columbia Sportswear by 0.9% during the first quarter. WINTON GROUP Ltd now owns 21,056 shares in the textile maker worth $1,906,000 after acquiring an additional 190 shares during the period. 48.56% of the shares are held by institutional investors.
Analysts set new price targets
A number of stock analysts have recently released reports on the stock. Cowen reduced his target price on Columbia Sportswear shares from $116.00 to $100.00 in a Friday, May 13 research report. Stifel Nicolaus cut his price target on Columbia Sportswear shares from $100.00 to $81.00 in a Wednesday, July 20 research report. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a Friday, Aug. 5 research report. UBS Group cut its price target on Columbia Sportswear shares from $83.00 to $80.00 and set a “neutral” rating on the stock in a Thursday, July 28 research report. Finally, Robert W. Baird lowered his price target on Columbia Sportswear shares from $85.00 to $82.00 and set a “neutral” rating for the company in a Thursday, July 28 research note. One research analyst rated the stock with a sell rating, five gave a hold rating and three issued a buy rating for the company’s stock. According to MarketBeat, Columbia Sportswear currently has a consensus rating of “Hold” and an average price target of $89.38.
Columbia Sportswear Company Profile
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, the 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.
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