Columbia Sportswear (NASDAQ:COLM – Get an assessment) Director Stephen E. Babson sold 2,568 shares of the company in a trade that took place on Tuesday, May 3. The shares were sold at an average price of $81.14, for a total value of $208,367.52. Following the completion of the sale, the director now owns 112,627 shares of the company, valued at $9,138,554.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link.
COLM opened at $83.42 on Thursday. Columbia Sportswear has a 52 week minimum of $80.02 and a 52 week maximum of $109.90. The company has a fifty-day simple moving average of $89.10 and a 200-day simple moving average of $94.56. The company has a market capitalization of $5.25 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.68 and a beta of 0.90.
Columbia Sportswear (NASDAQ:COLM – Get an assessment) last released its quarterly results on Thursday, April 28. The textile maker reported EPS of $1.03 for the quarter, beating the consensus estimate of $0.85 by $0.18. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. The company posted revenue of $761.50 million in the quarter, versus analyst estimates of $762.88 million. During the same period last year, the company posted earnings per share of $0.84. The company’s quarterly revenue increased 21.7% year over year. Research analysts expect Columbia Sportswear to post earnings per share of 5.85 for the current 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. This represents an annualized dividend of $1.20 and a dividend yield of 1.44%. The ex-dividend date is Wednesday, May 18. Columbia Sportswear’s payout ratio is currently 21.62%.
Several research analysts have recently weighed in on COLM shares. TheStreet lowered Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 research report. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a Friday, April 29 research report. CL King upgraded Columbia Sportswear to a “buy” rating and set a price target of $117.00 for the company in a Friday, February 4 research report. Zacks Investment Research downgraded Columbia Sportswear from a “buy” rating to a “hold” rating and set a price target of $92.00 for the company. in a research report on Tuesday, April 12. Finally, Bank of America downgraded Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its price target for the stock from $108.00 to $80.00 in a research report Friday, April 29. One equity research analyst gave the stock a sell rating, six issued a hold rating and three gave the company a buy rating. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $104.57.
Several hedge funds and other institutional investors have recently changed their positions in COLM. Morgan Stanley increased its stake in shares of Columbia Sportswear by 106.0% in the second quarter. Morgan Stanley now owns 130,478 shares of the textile maker valued at $12,834,000 after acquiring an additional 67,154 shares last quarter. The New York State Common Retirement Fund increased its stake in Columbia Sportswear shares by 3.9% in the third quarter. The New York State Common Retirement Fund now owns 45,405 shares of the textile maker valued at $4,352,000 after acquiring 1,705 additional shares in the last quarter. Retirement Systems of Alabama increased its stake in Columbia Sportswear shares by 13.7% in the third quarter. Retirement Systems of Alabama now owns 45,270 shares of the textile maker valued at $4,339,000 after acquiring 5,445 additional shares last quarter. The North Carolina state treasurer increased its stake in Columbia Sportswear stock by 3.5% in the third quarter. The North Carolina state treasurer now owns 14,385 shares of the textile maker worth $1,379,000 after acquiring 489 additional shares last quarter. Finally, Shell Asset Management Co. acquired a new stake in shares of Columbia Sportswear in the third quarter worth $477,000. Institutional investors and hedge funds hold 48.65% of the company’s shares.
About Columbia Sportswear (Get an assessment)
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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