Sarah Bany Sells 4,000 Shares of Columbia Sportswear Co. (COLM) Stock
Columbia Sportswear Co. (NASDAQ:COLM) Director Sarah Bany sold 4,000 shares of the stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $57.63, for a total value of $230,520.00. Following the transaction, the director now directly owns 1,592,589 shares of the company’s stock, valued at $91,780,904.07. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Sarah Bany also recently made the following trade(s):
- On Thursday, November 3rd, Sarah Bany sold 20,488 shares of Columbia Sportswear stock. The shares were sold at an average price of $56.82, for a total value of $1,164,128.16.
- On Tuesday, November 1st, Sarah Bany sold 22,906 shares of Columbia Sportswear stock. The shares were sold at an average price of $57.11, for a total value of $1,308,161.66.
Columbia Sportswear Co. (NASDAQ:COLM) opened at 58.88 on Monday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 24.41 and a beta of 0.79. The stock has a 50 day moving average of $57.83 and a 200-day moving average of $57.02. Columbia Sportswear Co. has a 1-year low of $43.56 and a 1-year high of $62.95.
Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, October 27th. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. Columbia Sportswear had a net margin of 7.23% and a return on equity of 11.42%. The firm earned $745.71 million during the quarter, compared to analyst estimates of $770.47 million. During the same quarter in the previous year, the business earned $1.28 EPS. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Columbia Sportswear Co. will post $2.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 17th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, November 15th. This is a positive change from Columbia Sportswear’s previous quarterly dividend of $0.17. Columbia Sportswear’s payout ratio is currently 28.22%.
A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Columbia Sportswear by 2.5% in the second quarter. BlackRock Inc. now owns 2,042 shares of the company’s stock worth $117,000 after buying an additional 50 shares in the last quarter. US Bancorp DE raised its stake in Columbia Sportswear by 3.5% in the third quarter. US Bancorp DE now owns 2,485 shares of the company’s stock worth $141,000 after buying an additional 85 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Columbia Sportswear by 67.4% in the third quarter. BNP Paribas Arbitrage SA now owns 2,990 shares of the company’s stock worth $170,000 after buying an additional 1,204 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Columbia Sportswear during the third quarter worth approximately $170,000. Finally, Advisor Group Inc. acquired a new stake in Columbia Sportswear during the second quarter worth approximately $172,000. 37.51% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on COLM. Brean Capital reiterated a “hold” rating on shares of Columbia Sportswear in a research report on Monday, July 18th. Wedbush began coverage on Columbia Sportswear in a research report on Tuesday, November 1st. They set an “outperform” rating and a $67.00 price objective for the company. Zacks Investment Research downgraded Columbia Sportswear from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Credit Suisse Group AG reiterated a “hold” rating on shares of Columbia Sportswear in a research report on Sunday, August 7th. Finally, KeyCorp began coverage on Columbia Sportswear in a research report on Thursday, September 22nd. They set a “sector weight” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. Columbia Sportswear presently has an average rating of “Buy” and an average target price of $65.13.
Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada.
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