Insider Selling: Columbia Sportswear Company Director Sells 12,903 Shares of Stock (COLM)
Columbia Sportswear Company (NASDAQ:COLM) Director Sarah Bany sold 12,903 shares of the stock on the open market in a transaction dated Monday, May 19th. The stock was sold at an average price of $84.27, for a total transaction of $1,087,335.81. Following the transaction, the director now directly owns 811,715 shares of the company’s stock, valued at approximately $68,403,223. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Columbia Sportswear Company currently has a consensus rating of “Hold” and a consensus target price of $78.44.
Columbia Sportswear Company (NASDAQ:COLM) traded down 1.15% during mid-day trading on Tuesday, hitting $83.60. 153,398 shares of the company’s stock traded hands. Columbia Sportswear Company has a 52-week low of $55.58 and a 52-week high of $89.96. The stock’s 50-day moving average is $83.00 and its 200-day moving average is $77.61. The company has a market cap of $2.916 billion and a P/E ratio of 27.68.
Columbia Sportswear Company (NASDAQ:COLM) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. Analysts expect that Columbia Sportswear Company will post $3.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Tuesday, May 13th.
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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