Columbia Sportswear Co. (COLM) Director Sells $1,285,563.84 in Stock
Columbia Sportswear Co. (NASDAQ:COLM) Director Sarah Bany sold 21,804 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $58.96, for a total transaction of $1,285,563.84. Following the completion of the sale, the director now owns 1,583,089 shares in the company, valued at $93,338,927.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Sarah Bany also recently made the following trade(s):
- On Monday, November 14th, Sarah Bany sold 5,290 shares of Columbia Sportswear stock. The stock was sold at an average price of $59.37, for a total transaction of $314,067.30.
- On Wednesday, November 9th, Sarah Bany sold 4,000 shares of Columbia Sportswear stock. The stock was sold at an average price of $57.63, for a total transaction of $230,520.00.
- On Thursday, November 3rd, Sarah Bany sold 20,488 shares of Columbia Sportswear stock. The stock was sold at an average price of $56.82, for a total transaction of $1,164,128.16.
- On Tuesday, November 1st, Sarah Bany sold 22,906 shares of Columbia Sportswear stock. The stock was sold at an average price of $57.11, for a total transaction of $1,308,161.66.
Columbia Sportswear Co. (NASDAQ:COLM) opened at 59.34 on Thursday. The firm has a market cap of $4.14 billion, a PE ratio of 24.60 and a beta of 0.79. The company’s 50-day moving average is $58.11 and its 200-day moving average is $56.98. Columbia Sportswear Co. has a one year low of $43.56 and a one year high of $62.95.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. The firm had revenue of $745.71 million for the quarter, compared to the consensus estimate of $770.47 million. Columbia Sportswear had a net margin of 7.23% and a return on equity of 11.42%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.28 earnings per share. On average, analysts forecast that Columbia Sportswear Co. will post $2.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.21%. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.17. Columbia Sportswear’s dividend payout ratio is 28.22%.
Several brokerages recently issued reports on COLM. Goldman Sachs Group Inc. reissued a “buy” rating and set a $71.00 price target on shares of Columbia Sportswear in a report on Monday, October 10th. Brean Capital reissued a “hold” rating on shares of Columbia Sportswear in a report on Thursday, September 22nd. Canaccord Genuity raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and lifted their price target for the company from $59.00 to $72.00 in a report on Tuesday, September 20th. Zacks Investment Research downgraded shares of Columbia Sportswear from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. Finally, Guggenheim began coverage on shares of Columbia Sportswear in a report on Friday, September 30th. They set a “buy” rating and a $71.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $65.13.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Martin & Co. Inc. TN boosted its position in Columbia Sportswear by 1.8% in the third quarter. Martin & Co. Inc. TN now owns 21,390 shares of the company’s stock worth $1,214,000 after buying an additional 375 shares during the period. Phocas Financial Corp. boosted its position in Columbia Sportswear by 6.5% in the third quarter. Phocas Financial Corp. now owns 96,589 shares of the company’s stock worth $5,480,000 after buying an additional 5,899 shares during the period. Highbridge Capital Management LLC bought a new position in Columbia Sportswear during the third quarter worth approximately $471,000. D. E. Shaw & Co. Inc. boosted its position in Columbia Sportswear by 15.4% in the third quarter. D. E. Shaw & Co. Inc. now owns 176,244 shares of the company’s stock worth $10,000,000 after buying an additional 23,579 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in Columbia Sportswear during the third quarter worth approximately $1,105,000. 37.51% of the stock is owned by hedge funds and other institutional investors.
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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