Insider Selling: Bryan Timm Unloads 6,807 Shares of Columbia Sportswear Company Stock (COLM)
Columbia Sportswear Company (NASDAQ:COLM) COO Bryan Timm unloaded 6,807 shares of Columbia Sportswear Company stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $85.86, for a total value of $584,449.02. Following the transaction, the chief operating officer now directly owns 21,931 shares in the company, valued at approximately $1,882,996. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on COLM shares. 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 investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $78.44.
Shares of Columbia Sportswear Company (NASDAQ:COLM) traded down 0.46% on Friday, hitting $85.12. 68,412 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 $83.84 and its 200-day moving average is $79.03. The company has a market cap of $2.969 billion and a price-to-earnings ratio of 27.99.
Columbia Sportswear Company (NASDAQ:COLM) last released its earnings data on Tuesday, April 29th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.35 earnings per share. Columbia Sportswear Company’s revenue was up 21.8% compared to the same quarter last year. Analysts expect that Columbia Sportswear Company will post $3.39 EPS for the current fiscal year.
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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