Columbia Sportswear (NASDAQ:COLM – Get a rating) Director Ronald E. Nelson sold 3,706 shares of the company in a trade that took place on Thursday, May 5. The shares were sold at an average price of $80.16, for a total value of $297,072.96. Following the completion of the sale, the director now directly owns 14,402 shares of the company, valued at $1,154,464.32. The transaction was disclosed in an SEC filing, which is available via the SEC website.
Stock Columbia Sportswear opened at $76.31 on Friday. The stock has a fifty-day moving average of $88.49 and a two-hundred-day moving average of $94.31. The company has a market capitalization of $4.80 billion, a price-earnings ratio of 13.75, a PEG ratio of 1.69 and a beta of 0.90. Columbia Sportswear has a fifty-two week low of $76.01 and a fifty-two week high of $109.40.
Columbia Sportswear (NASDAQ:COLM – Get a rating) last released its quarterly results on Thursday, April 28. The textile maker reported earnings per share of $1.03 for the quarter, beating the consensus estimate of $0.85 by $0.18. The company posted revenue of $761.50 million in the quarter, versus a consensus estimate of $762.88 million. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. Columbia Sportswear revenue increased 21.7% compared to the same quarter last year. In the same quarter last year, the company posted earnings per share of $0.84. Research analysts expect Columbia Sportswear to post earnings per share of 5.85 for the current fiscal year.
The company also recently declared 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 per share. This represents an annualized dividend of $1.20 and a yield of 1.57%. The ex-dividend date is Wednesday, May 18. Columbia Sportswear’s payout ratio is 21.62%.
Several research companies have recently commented on COLM. CL King elevated Columbia Sportswear to a “buy” rating and set a price target of $117.00 for the company in a Friday, February 4 report. Cowen raised its price target on Columbia Sportswear from $110.00 to $116.00 and gave the company an “outperform” rating in a Wednesday, Feb. 9 report. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a Friday, April 29 research note. TheStreet downgraded Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 research note. Finally, Seaport Res Ptn upgraded Columbia Sportswear from a “neutral” rating to a “buy” rating in a Friday, January 28 research note. One research analyst rated the stock with a sell rating, six assigned a hold rating and three assigned the company a buy rating. Based on data from MarketBeat, Columbia Sportswear currently has a consensus rating of “Hold” and an average target price of $104.57.
A number of institutional investors have recently increased or reduced their stake in COLM. Morgan Stanley increased its position in Columbia Sportswear by 106.0% during the second quarter. Morgan Stanley now owns 130,478 shares of the textile maker worth $12,834,000 after buying an additional 67,154 shares last quarter. The New York State Common Retirement Fund increased its position 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 buying an additional 1,705 shares during the period. The North Carolina state treasurer increased its position 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 buying 489 additional shares during the period. Shell Asset Management Co. bought a new stake in shares of Columbia Sportswear in the third quarter worth $477,000. Finally, Deutsche Bank AG increased its position in Columbia Sportswear shares by 9.5% in the third quarter. Deutsche Bank AG now owns 20,530 shares of the textile maker valued at $1,967,000 after buying an additional 1,782 shares during the period. 48.65% of the shares are held by institutional investors.
About Columbia Sportswear (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.
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