Columbia Sportswear (NASDAQ:COLM - Get Free Report) Director Ronald E. Nelson sold 6,395 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.74, for a total value of $522,727.30. Following the completion of the sale, the director now owns 17,048 shares of the company's stock, valued at $1,393,503.52. This represents a 27.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Columbia Sportswear Trading Up 0.5 %
COLM stock traded up $0.42 during trading on Friday, hitting $90.72. The company had a trading volume of 1,014,297 shares, compared to its average volume of 614,350. The company has a fifty day moving average price of $85.33 and a two-hundred day moving average price of $83.45. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $92.09. The company has a market cap of $5.19 billion, a P/E ratio of 23.44, a P/E/G ratio of 2.54 and a beta of 0.93.
Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. On average, analysts expect that Columbia Sportswear will post 4.1 earnings per share for the current year.
Columbia Sportswear Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 annualized dividend and a yield of 1.32%. Columbia Sportswear's dividend payout ratio is 31.01%.
Wall Street Analysts Forecast Growth
COLM has been the subject of a number of recent research reports. StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. TD Cowen increased their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a "hold" rating in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus lifted their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th.
Read Our Latest Stock Report on Columbia Sportswear
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. nVerses Capital LLC bought a new stake in Columbia Sportswear during the 3rd quarter worth approximately $75,000. Blue Trust Inc. boosted its stake in Columbia Sportswear by 68.7% in the third quarter. Blue Trust Inc. now owns 705 shares of the textile maker's stock worth $56,000 after purchasing an additional 287 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Columbia Sportswear in the third quarter valued at $65,000. International Assets Investment Management LLC acquired a new stake in shares of Columbia Sportswear in the third quarter valued at $7,676,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Columbia Sportswear by 75.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,623 shares of the textile maker's stock valued at $468,000 after buying an additional 2,425 shares during the last quarter. Institutional investors own 47.76% of the company's stock.
About Columbia Sportswear
(
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.
See Also
Before you consider Columbia Sportswear, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Columbia Sportswear wasn't on the list.
While Columbia Sportswear currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
