Insider Selling: Columbia Sportswear COO Unloads 5,430 Shares of Stock (COLM)
Columbia Sportswear (NASDAQ:COLM) COO Bryan Timm unloaded 5,430 shares of Columbia Sportswear stock on the open market in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $63.18, for a total value of $343,067.40. Following the completion of the transaction, the chief operating officer now directly owns 19,783 shares of the company’s stock, valued at approximately $1,249,890. The transaction was disclosed in a filing with the SEC, which is available at this link.
Columbia Sportswear (NASDAQ:COLM) traded up 0.37% during mid-day trading on Tuesday, hitting $62.94. 35,953 shares of the company’s stock traded hands. Columbia Sportswear has a 52 week low of $47.72 and a 52 week high of $66.69. The stock’s 50-day moving average is $60.03 and its 200-day moving average is $59.97. The company has a market cap of $2.166 billion and a P/E ratio of 20.21.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, July 25th. The company reported ($0.21) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.37) by $0.16. The company had revenue of $280.50 million for the quarter, compared to the consensus estimate of $276.52 million. During the same quarter last year, the company posted ($0.23) earnings per share. Columbia Sportswear’s revenue was down 3.4% compared to the same quarter last year. On average, analysts predict that Columbia Sportswear will post $2.63 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 19th. Separately, analysts at Zacks downgraded shares of Columbia Sportswear from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 19th. They now have a $67.50 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $55.55.
Columbia Sportswear Company is a family-owned, regional hat distributor. The Company is engaged in the design, sourcing, marketing and distribution of active outdoor apparel, footwear, accessories and equipment.
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