Columbia Sportswear (NASDAQ:COLM) EVP Joseph P. Boyle sold 2,050 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $106.00, for a total transaction of $217,300.00. Following the completion of the transaction, the executive vice president now owns 2,302,762 shares in the company, valued at approximately $244,092,772. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NASDAQ COLM traded up $0.78 during midday trading on Friday, reaching $100.00. 246,330 shares of the company traded hands, compared to its average volume of 368,262. Columbia Sportswear has a 52 week low of $79.96 and a 52 week high of $109.74. The stock has a market cap of $6.83 billion, a P/E ratio of 24.94, a P/E/G ratio of 2.46 and a beta of 0.65.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, April 25th. The textile maker reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.23. Columbia Sportswear had a net margin of 10.43% and a return on equity of 18.01%. The business had revenue of $654.61 million for the quarter, compared to analysts’ expectations of $646.77 million. During the same period in the previous year, the business earned $0.77 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Analysts expect that Columbia Sportswear will post 4.55 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Murphy Pohlad Asset Management LLC purchased a new position in Columbia Sportswear in the 4th quarter worth about $42,000. Quadrant Capital Group LLC purchased a new position in Columbia Sportswear during the 1st quarter valued at about $61,000. Tower Research Capital LLC TRC grew its stake in Columbia Sportswear by 268.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,536 shares of the textile maker’s stock valued at $143,000 after acquiring an additional 1,119 shares in the last quarter. CENTRAL TRUST Co purchased a new position in Columbia Sportswear during the 4th quarter valued at about $145,000. Finally, Whittier Trust Co. purchased a new position in Columbia Sportswear during the 1st quarter valued at about $156,000. 37.95% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently commented on COLM shares. Zacks Investment Research upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Friday, January 18th. Guggenheim restated a “buy” rating and issued a $120.00 price target on shares of Columbia Sportswear in a report on Thursday, February 7th. BidaskClub upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. Pivotal Research restated a “buy” rating and issued a $112.00 price target (up previously from $107.00) on shares of Columbia Sportswear in a report on Tuesday, February 5th. Finally, DA Davidson lifted their price objective on shares of Columbia Sportswear to $116.00 and gave the company a “buy” rating in a research note on Friday, February 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $108.93.
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About Columbia Sportswear
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East and Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.
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