Columbia Sportswear (NASDAQ:COLM) Director Stephen E. Babson Sells 2,568 Shares

Columbia Sportswear (NASDAQ:COLMGet Rating) Director Stephen E. Babson sold 2,568 shares of the company’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $81.14, for a total value of $208,367.52. Following the completion of the sale, the director now owns 112,627 shares of the company’s stock, valued at $9,138,554.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

COLM opened at $83.42 on Thursday. Columbia Sportswear has a 52 week low of $80.02 and a 52 week high of $109.90. The business has a fifty day simple moving average of $89.10 and a 200-day simple moving average of $94.56. The firm has a market cap of $5.25 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.68 and a beta of 0.90.

Columbia Sportswear (NASDAQ:COLMGet Rating) last released its quarterly earnings results on Thursday, April 28th. The textile maker reported $1.03 EPS for the quarter, topping the consensus estimate of $0.85 by $0.18. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. The business had revenue of $761.50 million during the quarter, compared to analyst estimates of $762.88 million. During the same period last year, the business posted $0.84 earnings per share. The company’s quarterly revenue was up 21.7% on a year-over-year basis. Research analysts expect that Columbia Sportswear will post 5.85 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Thursday, May 19th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Wednesday, May 18th. Columbia Sportswear’s payout ratio is currently 21.62%.

Several research analysts recently weighed in on COLM shares. TheStreet lowered Columbia Sportswear from a “b” rating to a “c+” rating in a research report on Thursday, April 28th. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. CL King upgraded Columbia Sportswear to a “buy” rating and set a $117.00 price objective for the company in a research report on Friday, February 4th. Zacks Investment Research lowered Columbia Sportswear from a “buy” rating to a “hold” rating and set a $92.00 price objective for the company. in a research report on Tuesday, April 12th. Finally, Bank of America lowered Columbia Sportswear from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $108.00 to $80.00 in a research report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $104.57.

Several hedge funds and other institutional investors have recently made changes to their positions in COLM. Morgan Stanley raised its stake in shares of Columbia Sportswear by 106.0% in the second quarter. Morgan Stanley now owns 130,478 shares of the textile maker’s stock valued at $12,834,000 after acquiring an additional 67,154 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Columbia Sportswear by 3.9% in the third quarter. New York State Common Retirement Fund now owns 45,405 shares of the textile maker’s stock valued at $4,352,000 after acquiring an additional 1,705 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Columbia Sportswear by 13.7% in the third quarter. Retirement Systems of Alabama now owns 45,270 shares of the textile maker’s stock valued at $4,339,000 after acquiring an additional 5,445 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Columbia Sportswear by 3.5% in the third quarter. Treasurer of the State of North Carolina now owns 14,385 shares of the textile maker’s stock valued at $1,379,000 after acquiring an additional 489 shares in the last quarter. Finally, Shell Asset Management Co. acquired a new stake in shares of Columbia Sportswear in the third quarter valued at $477,000. Institutional investors and hedge funds own 48.65% of the company’s stock.

About Columbia Sportswear (Get Rating)

Columbia Sportswear Company, together with its subsidiaries, designs, sources, 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 that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.

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