Insider Selling: Columbia Sportswear Company (COLM) COO Sells 123,436 Shares of Stock

Columbia Sportswear Company (NASDAQ:COLM) COO Bryan Timm sold 123,436 shares of the firm’s stock in a transaction dated Friday, March 24th. The shares were sold at an average price of $57.75, for a total value of $7,128,429.00. Following the completion of the transaction, the chief operating officer now owns 83,841 shares in the company, valued at approximately $4,841,817.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bryan Timm also recently made the following trade(s):

  • On Tuesday, March 21st, Bryan Timm sold 8,854 shares of Columbia Sportswear Company stock. The shares were sold at an average price of $57.73, for a total value of $511,141.42.
  • On Thursday, March 16th, Bryan Timm sold 4,012 shares of Columbia Sportswear Company stock. The shares were sold at an average price of $57.73, for a total value of $231,612.76.

Shares of Columbia Sportswear Company (NASDAQ:COLM) traded down 1.55% during midday trading on Friday, reaching $58.44. The company had a trading volume of 172,442 shares. The stock has a market capitalization of $4.06 billion, a PE ratio of 21.49 and a beta of 0.78. The stock’s 50 day moving average is $57.52 and its 200-day moving average is $57.54. Columbia Sportswear Company has a 12-month low of $51.70 and a 12-month high of $63.55.

Columbia Sportswear Company (NASDAQ:COLM) last posted its earnings results on Thursday, February 9th. The textile maker reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.10. Columbia Sportswear Company had a return on equity of 12.77% and a net margin of 8.07%. The firm had revenue of $717.40 million for the quarter, compared to the consensus estimate of $758.88 million. During the same quarter in the prior year, the business earned $0.90 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts predict that Columbia Sportswear Company will post $2.80 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Columbia Sportswear Company (NASDAQ:COLM)

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 22nd. Shareholders of record on Thursday, March 9th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, March 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.23%. Columbia Sportswear Company’s dividend payout ratio (DPR) is 26.57%.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Independent Advisor Alliance purchased a new position in Columbia Sportswear Company during the fourth quarter worth $116,000. US Bancorp DE increased its position in Columbia Sportswear Company by 3.5% in the third quarter. US Bancorp DE now owns 2,485 shares of the textile maker’s stock worth $141,000 after buying an additional 85 shares during the period. Creative Planning increased its position in Columbia Sportswear Company by 0.6% in the first quarter. Creative Planning now owns 2,754 shares of the textile maker’s stock worth $162,000 after buying an additional 17 shares during the period. Advisor Group Inc. increased its position in Columbia Sportswear Company by 2.5% in the third quarter. Advisor Group Inc. now owns 3,082 shares of the textile maker’s stock worth $174,000 after buying an additional 76 shares during the period. Finally, Group One Trading L.P. purchased a new position in Columbia Sportswear Company during the fourth quarter worth $193,000. Hedge funds and other institutional investors own 38.11% of the company’s stock.

Several research firms recently issued reports on COLM. B. Riley reiterated a “neutral” rating and issued a $61.00 price target on shares of Columbia Sportswear Company in a report on Sunday, February 12th. Guggenheim restated a “buy” rating and set a $55.00 target price on shares of Columbia Sportswear Company in a report on Friday, February 10th. Cowen and Company restated a “market perform” rating and set a $58.00 target price on shares of Columbia Sportswear Company in a report on Friday, February 10th. Zacks Investment Research upgraded Columbia Sportswear Company from a “sell” rating to a “hold” rating in a report on Monday, April 3rd. Finally, Wedbush lifted their price objective on Columbia Sportswear Company from $69.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, March 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. Columbia Sportswear Company presently has an average rating of “Hold” and a consensus price target of $65.25.

Columbia Sportswear Company Company Profile

Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.

5 Day Chart for NASDAQ:COLM

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