Columbia Sportswear Company (NASDAQ:COLM) COO Bryan Timm sold 123,436 shares of the company’s stock in a transaction on Friday, March 24th. The stock was sold at an average price of $57.75, for a total value of $7,128,429.00. Following the transaction, the chief operating officer now owns 83,841 shares in the company, valued at $4,841,817.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Bryan Timm also recently made the following trade(s):
- On Tuesday, March 21st, Bryan Timm sold 8,854 shares of Columbia Sportswear Company stock. The stock was sold at an average price of $57.73, for a total value of $511,141.42.
- On Thursday, March 16th, Bryan Timm sold 4,012 shares of Columbia Sportswear Company stock. The stock was sold at an average price of $57.73, for a total value of $231,612.76.
Columbia Sportswear Company (NASDAQ:COLM) traded up 0.43% during trading on Friday, reaching $57.86. The company had a trading volume of 245,255 shares. Columbia Sportswear Company has a 52-week low of $51.70 and a 52-week high of $63.55. The company has a market capitalization of $4.02 billion, a PE ratio of 21.27 and a beta of 0.78. The stock has a 50 day moving average price of $56.04 and a 200-day moving average price of $57.16.
Columbia Sportswear Company (NASDAQ:COLM) last released its earnings results on Thursday, February 9th. The company reported $1.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.10. The firm earned $717.40 million during the quarter, compared to analysts’ expectations of $758.88 million. Columbia Sportswear Company had a net margin of 8.07% and a return on equity of 12.77%. Columbia Sportswear Company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 EPS. On average, equities research analysts anticipate that Columbia Sportswear Company will post $2.80 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 22nd. Shareholders of record on Thursday, March 9th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, March 7th. This represents a $0.72 annualized dividend and a yield of 1.24%. Columbia Sportswear Company’s payout ratio is currently 26.57%.
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A number of research analysts have commented on COLM shares. Guggenheim restated a “buy” rating and set a $55.00 price target on shares of Columbia Sportswear Company in a research note on Friday, February 10th. DA Davidson set a $72.00 price objective on Columbia Sportswear Company and gave the company a “buy” rating in a research note on Monday, November 28th. CL King began coverage on Columbia Sportswear Company in a research note on Friday, January 13th. They issued a “buy” rating and a $63.00 price objective on the stock. Canaccord Genuity set a $70.00 price objective on Columbia Sportswear Company and gave the company a “buy” rating in a research note on Friday, January 13th. Finally, Zacks Investment Research upgraded Columbia Sportswear Company from a “sell” rating to a “hold” rating in a research note on Wednesday, March 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $65.25.
A number of hedge funds have recently added to or reduced their stakes in COLM. Independent Advisor Alliance purchased a new stake in Columbia Sportswear Company during the fourth quarter valued at approximately $116,000. US Bancorp DE boosted its stake in Columbia Sportswear Company 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 last quarter. Advisor Group Inc. boosted its stake in Columbia Sportswear Company by 2.5% in the third quarter. Advisor Group Inc. now owns 3,082 shares of the company’s stock valued at $174,000 after buying an additional 76 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Columbia Sportswear Company by 9.3% in the third quarter. Pacer Advisors Inc. now owns 3,388 shares of the company’s stock valued at $192,000 after buying an additional 288 shares during the last quarter. Finally, Group One Trading L.P. purchased a new stake in Columbia Sportswear Company during the fourth quarter valued at approximately $193,000. 38.11% of the stock is owned by hedge funds and other institutional investors.
Columbia Sportswear Company 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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