Insider Selling: Columbia Sportswear Company Insider Unloads 7,000 Shares of Stock (COLM)
Columbia Sportswear Company (NASDAQ:COLM) Insider Christopher A. Gaylord sold 7,000 shares of Columbia Sportswear Company stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $84.00, for a total transaction of $588,000.00. Following the sale, the insider now directly owns 5,488 shares in the company, valued at approximately $460,992. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at McAdams Wright Ragen downgraded shares of Columbia Sportswear Company from a “hold” rating to a “sell” rating in a research note on Friday. Separately, analysts at DA Davidson set a $87.00 price target on shares of Columbia Sportswear Company in a research note on Wednesday. Finally, analysts at Davidson raised their price target on shares of Columbia Sportswear Company from $83.00 to $87.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $67.39.
Shares of Columbia Sportswear Company (NASDAQ:COLM) traded down 2.62% on Friday, hitting $82.54. The stock had a trading volume of 182,451 shares. Columbia Sportswear Company has a one year low of $54.86 and a one year high of $88.25. The stock has a 50-day moving average of $76.87 and a 200-day moving average of $67.3. The company has a market cap of $2.848 billion and a P/E ratio of 30.14.
Columbia Sportswear Company (NASDAQ:COLM) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by $0.22. The company had revenue of $533.10 million for the quarter, compared to the consensus estimate of $498.80 million. Analysts expect that Columbia Sportswear Company will post $3.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 18th. Investors of record on Friday, March 7th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, March 5th. This is an increase from Columbia Sportswear Company’s previous quarterly dividend of $0.25.
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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