Malia H. Wasson Sells 900 Shares of Columbia Sportswear Company (COLM) Stock
Columbia Sportswear Company (NASDAQ:COLM) Director Malia H. Wasson sold 900 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $61.68, for a total transaction of $55,512.00. Following the completion of the sale, the director now owns 1,089 shares in the company, valued at $67,169.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Columbia Sportswear Company (NASDAQ:COLM) traded up $0.39 during mid-day trading on Friday, reaching $62.52. 124,100 shares of the company’s stock were exchanged, compared to its average volume of 253,886. The stock has a market capitalization of $4,400.00, a P/E ratio of 22.27, a PEG ratio of 2.36 and a beta of 0.85. Columbia Sportswear Company has a one year low of $51.56 and a one year high of $67.60.
Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, October 26th. The textile maker reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.10. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The business had revenue of $747.37 million during the quarter, compared to analysts’ expectations of $735.67 million. During the same quarter in the prior year, the business posted $1.18 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. analysts anticipate that Columbia Sportswear Company will post 2.71 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.19 per share. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Wednesday, November 15th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 25.81%.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in COLM. SG Americas Securities LLC purchased a new position in Columbia Sportswear in the first quarter valued at approximately $114,000. Ameritas Investment Partners Inc. raised its stake in shares of Columbia Sportswear by 10.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock valued at $149,000 after purchasing an additional 234 shares during the period. Creative Planning boosted its holdings in Columbia Sportswear by 2.6% in the second quarter. Creative Planning now owns 2,826 shares of the textile maker’s stock worth $164,000 after purchasing an additional 72 shares during the period. Advisor Group Inc. boosted its holdings in shares of Columbia Sportswear by 11.2% during the second quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock valued at $195,000 after acquiring an additional 339 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Columbia Sportswear by 36.1% during the second quarter. US Bancorp DE now owns 3,564 shares of the textile maker’s stock valued at $207,000 after acquiring an additional 946 shares during the period. 39.18% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have weighed in on the company. Stifel Nicolaus upped their price target on Columbia Sportswear from $60.00 to $62.00 and gave the company a “hold” rating in a research report on Friday, October 27th. FBR & Co reiterated a “buy” rating and set a $68.00 target price on shares of Columbia Sportswear in a research note on Friday, October 27th. Zacks Investment Research downgraded Columbia Sportswear from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Buckingham Research reissued a “neutral” rating and set a $58.00 price target on shares of Columbia Sportswear in a report on Monday, July 17th. Finally, Canaccord Genuity set a $60.00 price target on Columbia Sportswear and gave the company a “hold” rating in a research report on Tuesday, July 25th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.92.
Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
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