Insider Selling: Columbia Sportswear Company Director Sells 32,345 Shares of Stock (COLM)
Columbia Sportswear Company (NASDAQ:COLM) Director Sarah Bany sold 32,345 shares of the company’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $85.91, for a total transaction of $2,778,758.95. Following the transaction, the director now directly owns 819,455 shares of the company’s stock, valued at approximately $70,399,379. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Columbia Sportswear Company (NASDAQ:COLM) traded down 0.87% during mid-day trading on Wednesday, hitting $85.00. 35,651 shares of the company’s stock traded hands. Columbia Sportswear Company has a one year low of $55.58 and a one year high of $89.96. The stock’s 50-day moving average is $82.65 and its 200-day moving average is $77.09. The company has a market cap of $2.950 billion and a P/E ratio of 28.07.
Columbia Sportswear Company (NASDAQ:COLM) last announced its earnings results on Tuesday, April 29th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.30. The company had revenue of $424.10 million for the quarter, compared to the consensus estimate of $397.58 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 21.8% on a year-over-year basis. On average, analysts predict that Columbia Sportswear Company will post $3.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Tuesday, May 13th.
COLM has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Columbia Sportswear Company from $75.00 to $80.00 in a research note on Tuesday, May 6th. They now have a “sector perform” rating on the stock. Separately, analysts at Zacks upgraded shares of Columbia Sportswear Company from a “neutral” rating to an “outperform” rating in a research note on Monday, May 5th. They now have a $89.10 price target on the stock. Finally, analysts at Davidson upgraded shares of Columbia Sportswear Company to a “buy” rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Columbia Sportswear Company presently has an average rating of “Hold” and an average target price of $78.44.
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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