Columbia Sportswear (NASDAQ:COLM) Shares Gap Up to $76.16

Columbia Sportswear (NASDAQ:COLMGet Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $76.16, but opened at $78.72. Columbia Sportswear shares last traded at $79.36, with a volume of 77,246 shares.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and raised their target price for the stock from $84.00 to $92.00 in a report on Monday. StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $77.75.

View Our Latest Analysis on Columbia Sportswear

Columbia Sportswear Trading Down 1.7 %

The firm has a fifty day moving average of $82.10 and a 200 day moving average of $80.04. The company has a market capitalization of $4.62 billion, a P/E ratio of 19.07, a P/E/G ratio of 3.29 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLMGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The textile maker reported $0.71 EPS for the quarter, topping the consensus estimate of $0.35 by $0.36. The company had revenue of $769.98 million during the quarter, compared to the consensus estimate of $740.62 million. Columbia Sportswear had a return on equity of 13.98% and a net margin of 7.20%. Columbia Sportswear’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the company earned $0.74 EPS. Sell-side analysts anticipate that Columbia Sportswear will post 3.86 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.53%. Columbia Sportswear’s dividend payout ratio is currently 29.27%.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Sabrina Simmons sold 523 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total transaction of $42,729.10. Following the completion of the sale, the director now directly owns 6,483 shares in the company, valued at approximately $529,661.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Jim A. Swanson sold 7,199 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $77.50, for a total transaction of $557,922.50. Following the completion of the transaction, the chief financial officer now directly owns 9,423 shares in the company, valued at approximately $730,282.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sabrina Simmons sold 523 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total value of $42,729.10. Following the transaction, the director now owns 6,483 shares of the company’s stock, valued at $529,661.10. The disclosure for this sale can be found here. Corporate insiders own 44.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Venturi Wealth Management LLC lifted its holdings in Columbia Sportswear by 76.2% in the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock worth $36,000 after purchasing an additional 195 shares in the last quarter. TFO Wealth Partners LLC raised its holdings in shares of Columbia Sportswear by 11,725.0% during the 4th quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock worth $38,000 after acquiring an additional 469 shares in the last quarter. Headlands Technologies LLC raised its holdings in shares of Columbia Sportswear by 174.8% during the 1st quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock worth $49,000 after acquiring an additional 381 shares in the last quarter. Quent Capital LLC raised its holdings in shares of Columbia Sportswear by 79.6% during the 4th quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock worth $49,000 after acquiring an additional 273 shares in the last quarter. Finally, Planned Solutions Inc. purchased a new stake in shares of Columbia Sportswear during the 4th quarter worth approximately $53,000. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Company Profile

(Get Free Report)

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.

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