Sarah Bany Sells 5,290 Shares of Columbia Sportswear Co. (COLM) Stock
Columbia Sportswear Co. (NASDAQ:COLM) Director Sarah Bany sold 5,290 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $59.37, for a total transaction of $314,067.30. Following the completion of the sale, the director now owns 1,579,136 shares of the company’s stock, valued at $93,753,304.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Sarah Bany also recently made the following trade(s):
- On Friday, November 11th, Sarah Bany sold 21,804 shares of Columbia Sportswear stock. The stock was sold at an average price of $58.96, for a total transaction of $1,285,563.84.
- 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.
Shares of Columbia Sportswear Co. (NASDAQ:COLM) opened at 59.34 on Thursday. Columbia Sportswear Co. has a 12 month low of $43.56 and a 12 month high of $62.95. The stock has a market capitalization of $4.14 billion, a P/E 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 (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, October 27th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.17 by $0.01. The company earned $745.71 million during the quarter, compared to analyst estimates of $770.47 million. Columbia Sportswear had a net margin of 7.23% and a return on equity of 11.42%. Columbia Sportswear’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 earnings per share. Equities research analysts predict that Columbia Sportswear Co. will post $2.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 17th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.21%. This is a positive change from Columbia Sportswear’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, November 15th. Columbia Sportswear’s payout ratio is presently 28.22%.
A number of hedge funds and other institutional investors have recently bought and sold shares of COLM. BlackRock Inc. increased its stake in Columbia Sportswear by 15.8% in the first quarter. BlackRock Inc. now owns 1,992 shares of the company’s stock valued at $119,000 after buying an additional 272 shares during the period. US Bancorp DE increased 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 valued at $141,000 after buying an additional 85 shares during the period. SG Americas Securities LLC acquired a new stake in Columbia Sportswear during the third quarter valued at $170,000. BNP Paribas Arbitrage SA increased 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 valued at $170,000 after buying an additional 1,204 shares during the period. Finally, Advisor Group Inc. acquired a new stake in Columbia Sportswear during the second quarter valued at $172,000. 37.51% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on COLM shares. Zacks Investment Research lowered shares of Columbia Sportswear from a “hold” rating to a “sell” rating in a report on Wednesday. Wedbush started coverage on shares of Columbia Sportswear in a report on Tuesday, November 1st. They set an “outperform” rating and a $67.00 price target for the company. Brean Capital reiterated a “hold” rating on shares of Columbia Sportswear in a report on Thursday, September 22nd. Credit Suisse Group AG reiterated a “hold” rating on shares of Columbia Sportswear in a report on Sunday, August 7th. Finally, KeyCorp started coverage on shares of Columbia Sportswear in a report on Thursday, September 22nd. They set a “sector weight” rating for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus 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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