Share on StockTwits

Columbia Sportswear Company (NASDAQ:COLM) Director Sarah Bany sold 7,025 shares of Columbia Sportswear Company stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $84.08, for a total value of $590,662.00. Following the completion of the transaction, the director now directly owns 806,568 shares in the company, valued at approximately $67,816,237. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $78.44.

Columbia Sportswear Company (NASDAQ:COLM) traded up 1.56% on Tuesday, hitting $84.81. The stock had a trading volume of 50,333 shares. 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 $83.08 and its 200-day moving average is $78.30. The company has a market cap of $2.958 billion and a P/E ratio of 27.34.

Columbia Sportswear Company (NASDAQ:COLM) last announced its 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. On average, analysts predict that Columbia Sportswear Company will post $3.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 29th. Stockholders 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 1.32%. The ex-dividend date 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.