Columbia Sportswear (NASDAQ:COLM) COO Thomas B. Cusick sold 8,343 shares of the stock in a transaction that occurred on Wednesday, April 11th. The shares were sold at an average price of $82.50, for a total transaction of $688,297.50. Following the sale, the chief operating officer now owns 52,606 shares in the company, valued at approximately $4,339,995. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Columbia Sportswear stock traded down $0.62 during midday trading on Friday, reaching $80.14. 95,840 shares of the company traded hands, compared to its average volume of 248,322. The company has a market cap of $5,742.09, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 2.64 and a beta of 0.89. Columbia Sportswear has a 12 month low of $51.56 and a 12 month high of $83.13.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, February 8th. The textile maker reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.16. The company had revenue of $776.00 million for the quarter, compared to the consensus estimate of $762.18 million. Columbia Sportswear had a net margin of 4.26% and a return on equity of 12.65%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 earnings per share. equities research analysts predict that Columbia Sportswear will post 3.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Friday, March 9th were given a dividend of $0.22 per share. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.88 dividend on an annualized basis and a yield of 1.10%. Columbia Sportswear’s dividend payout ratio is 29.53%.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Pivotal Research reiterated a “buy” rating and set a $85.00 price target (up previously from $74.00) on shares of Columbia Sportswear in a report on Wednesday, February 7th. Canaccord Genuity set a $70.00 price target on shares of Columbia Sportswear and gave the company a “hold” rating in a report on Thursday, February 8th. B. Riley increased their price target on shares of Columbia Sportswear from $76.00 to $79.00 and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Robert W. Baird increased their price target on shares of Columbia Sportswear from $87.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Columbia Sportswear has an average rating of “Buy” and an average target price of $77.57.
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Columbia Sportswear by 2.6% during the fourth quarter. BlackRock Inc. now owns 1,841,927 shares of the textile maker’s stock valued at $132,398,000 after purchasing an additional 46,815 shares during the period. Victory Capital Management Inc. lifted its position in Columbia Sportswear by 9.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,178,660 shares of the textile maker’s stock valued at $84,722,000 after purchasing an additional 106,140 shares during the period. Westwood Holdings Group Inc. lifted its position in Columbia Sportswear by 19.1% during the fourth quarter. Westwood Holdings Group Inc. now owns 490,247 shares of the textile maker’s stock valued at $35,239,000 after purchasing an additional 78,554 shares during the period. Geode Capital Management LLC lifted its position in Columbia Sportswear by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 301,898 shares of the textile maker’s stock valued at $21,700,000 after purchasing an additional 24,356 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Columbia Sportswear by 1.2% during the fourth quarter. Bank of New York Mellon Corp now owns 250,139 shares of the textile maker’s stock valued at $17,980,000 after purchasing an additional 2,977 shares during the period. Institutional investors own 38.94% of the company’s stock.
Columbia Sportswear Company Profile
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active 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 that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.
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