Insider Selling: Columbia Sportswear Company Director Sells 2,319 Shares of Stock (COLM)
Columbia Sportswear Company (NASDAQ:COLM) Director Walter Klenz sold 2,319 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $78.26, for a total transaction of $181,484.94. Following the sale, the director now directly owns 15,424 shares in the company, valued at approximately $1,207,082. The transaction was disclosed in a 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 Bank of America upgraded shares of Columbia Sportswear Company from an “underperform” rating to a “buy” rating in a research note on Monday. They now have a $92.00 price target on the stock, up previously from $82.00. Separately, analysts at McAdams Wright Ragen upgraded shares of Columbia Sportswear Company from a “sell” rating to a “hold” rating in a research note on Tuesday, July 29th. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Columbia Sportswear Company in a research note on Monday, July 28th. They now have a $87.00 price target on the stock, up previously from $83.00. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Columbia Sportswear Company currently has an average rating of “Hold” and an average price target of $83.13.
Columbia Sportswear Company (NASDAQ:COLM) traded down 0.40% on Friday, hitting $78.11. 1,278 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 $78.63 and its 200-day moving average is $81.52. The company has a market cap of $2.737 billion and a P/E ratio of 25.67. Columbia Sportswear Company shares are set to split before the market opens on Monday, September 29th. The 2-1 split was announced on Thursday, July 24th. The newly issued shares will be distributed to shareholders after the closing bell on Friday, September 26th.
Columbia Sportswear Company (NASDAQ:COLM) last announced its earnings results on Thursday, July 24th. The company reported ($0.34) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.34). The company had revenue of $324.24 million for the quarter, compared to the consensus estimate of $321.10 million. During the same quarter in the previous year, the company posted ($0.21) earnings per share. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. Analysts expect that Columbia Sportswear Company will post $3.52 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Tuesday, August 12th.
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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