Columbia Sportswear Company (COLM) CAO Peter J. Bragdon Sells 23,806 Shares
Columbia Sportswear Company (NASDAQ:COLM) CAO Peter J. Bragdon sold 23,806 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $57.49, for a total transaction of $1,368,606.94. Following the completion of the transaction, the chief accounting officer now owns 20,273 shares of the company’s stock, valued at $1,165,494.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Columbia Sportswear Company (NASDAQ:COLM) traded down 0.12% during midday trading on Monday, reaching $57.25. 898,496 shares of the company’s stock were exchanged. The firm has a market cap of $3.98 billion, a PE ratio of 21.05 and a beta of 0.78. The stock’s 50-day moving average is $55.60 and its 200 day moving average is $57.12. Columbia Sportswear Company has a one year low of $51.70 and a one year high of $63.55.
Columbia Sportswear Company (NASDAQ:COLM) last released its quarterly earnings data on Thursday, February 9th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.10. Columbia Sportswear Company had a net margin of 8.07% and a return on equity of 12.77%. The firm had revenue of $717.40 million for the quarter, compared to the consensus estimate of $758.88 million. During the same period last year, the firm earned $0.90 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts anticipate that Columbia Sportswear Company will post $2.80 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 22nd. Stockholders of record on Thursday, March 9th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, March 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.26%. Columbia Sportswear Company’s dividend payout ratio is presently 26.57%.
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Several institutional investors have recently added to or reduced their stakes in the stock. Intrust Bank NA increased its position in Columbia Sportswear Company by 0.6% in the third quarter. Intrust Bank NA now owns 3,885 shares of the company’s stock worth $221,000 after buying an additional 22 shares in the last quarter. Eqis Capital Management Inc. increased its position in Columbia Sportswear Company by 1.4% in the third quarter. Eqis Capital Management Inc. now owns 4,060 shares of the company’s stock worth $230,000 after buying an additional 57 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Columbia Sportswear Company by 1.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,933 shares of the company’s stock worth $228,000 after buying an additional 57 shares in the last quarter. Advisor Group Inc. increased its position in Columbia Sportswear Company by 2.5% in the third quarter. Advisor Group Inc. now owns 3,082 shares of the company’s stock worth $174,000 after buying an additional 76 shares in the last quarter. Finally, US Bancorp DE increased its position in Columbia Sportswear Company 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. Hedge funds and other institutional investors own 38.11% of the company’s stock.
A number of brokerages recently weighed in on COLM. B. Riley restated a “neutral” rating and issued a $61.00 price objective on shares of Columbia Sportswear Company in a report on Tuesday, February 7th. FBR & Co restated an “outperform” rating and issued a $68.00 price objective on shares of Columbia Sportswear Company in a report on Friday, February 10th. Zacks Investment Research upgraded shares of Columbia Sportswear Company from a “sell” rating to a “hold” rating in a report on Wednesday, December 14th. Stifel Nicolaus lowered shares of Columbia Sportswear Company from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $68.00 to $60.00 in a report on Monday, January 30th. Finally, Canaccord Genuity set a $70.00 price objective on shares of Columbia Sportswear Company and gave the stock a “buy” rating in a report on Friday, January 13th. 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 company currently has a consensus rating of “Hold” and a consensus price target of $65.25.
Columbia Sportswear Company 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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