Columbia Sportswear (NASDAQ:COLM) Major Shareholder Sells $1,002,375.00 in Stock

Columbia Sportswear (NASDAQ:COLM) major shareholder Sarah Bany sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $80.19, for a total value of $1,002,375.00. Following the completion of the sale, the insider now owns 1,154,136 shares in the company, valued at $92,550,165.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Sarah Bany also recently made the following trade(s):

  • On Friday, June 12th, Sarah Bany sold 195 shares of Columbia Sportswear stock. The shares were sold at an average price of $80.00, for a total value of $15,600.00.
  • On Monday, June 8th, Sarah Bany sold 5,813 shares of Columbia Sportswear stock. The shares were sold at an average price of $86.20, for a total value of $501,080.60.
  • On Friday, June 5th, Sarah Bany sold 10,998 shares of Columbia Sportswear stock. The shares were sold at an average price of $86.18, for a total value of $947,807.64.
  • On Wednesday, June 3rd, Sarah Bany sold 12,819 shares of Columbia Sportswear stock. The shares were sold at an average price of $78.01, for a total value of $1,000,010.19.
  • On Thursday, May 28th, Sarah Bany sold 3,357 shares of Columbia Sportswear stock. The shares were sold at an average price of $74.49, for a total value of $250,062.93.
  • On Tuesday, May 26th, Sarah Bany sold 3,410 shares of Columbia Sportswear stock. The shares were sold at an average price of $73.32, for a total value of $250,021.20.
  • On Tuesday, April 28th, Sarah Bany sold 6,600 shares of Columbia Sportswear stock. The shares were sold at an average price of $76.78, for a total value of $506,748.00.
  • On Friday, April 17th, Sarah Bany sold 3,390 shares of Columbia Sportswear stock. The shares were sold at an average price of $73.92, for a total value of $250,588.80.
  • On Tuesday, April 14th, Sarah Bany sold 13,800 shares of Columbia Sportswear stock. The shares were sold at an average price of $73.05, for a total value of $1,008,090.00.
  • On Thursday, April 9th, Sarah Bany sold 13,822 shares of Columbia Sportswear stock. The shares were sold at an average price of $74.29, for a total value of $1,026,836.38.

Shares of Columbia Sportswear stock opened at $77.74 on Thursday. The stock has a market cap of $5.25 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 12.81 and a beta of 0.64. The business has a fifty day simple moving average of $73.47 and a 200-day simple moving average of $81.58. The company has a quick ratio of 1.86, a current ratio of 2.80 and a debt-to-equity ratio of 0.21. Columbia Sportswear has a 12 month low of $51.82 and a 12 month high of $109.44.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.56). Columbia Sportswear had a return on equity of 14.34% and a net margin of 8.68%. The firm had revenue of $568.23 million for the quarter, compared to analysts’ expectations of $597.75 million. During the same quarter in the prior year, the business posted $1.07 earnings per share. Columbia Sportswear’s revenue was down 13.2% on a year-over-year basis. Analysts expect that Columbia Sportswear will post 1.99 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. State Street Corp raised its holdings in shares of Columbia Sportswear by 1.8% during the first quarter. State Street Corp now owns 714,059 shares of the textile maker’s stock worth $49,820,000 after acquiring an additional 12,970 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Columbia Sportswear by 4.3% during the first quarter. Royal Bank of Canada now owns 142,257 shares of the textile maker’s stock worth $9,925,000 after acquiring an additional 5,802 shares in the last quarter. AXA raised its holdings in shares of Columbia Sportswear by 21.7% during the first quarter. AXA now owns 39,297 shares of the textile maker’s stock worth $2,742,000 after acquiring an additional 7,017 shares in the last quarter. New Mexico Educational Retirement Board raised its holdings in shares of Columbia Sportswear by 38.0% during the first quarter. New Mexico Educational Retirement Board now owns 6,900 shares of the textile maker’s stock worth $481,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Running Oak Capital LLC raised its holdings in shares of Columbia Sportswear by 22.9% during the first quarter. Running Oak Capital LLC now owns 59,692 shares of the textile maker’s stock worth $4,165,000 after acquiring an additional 11,130 shares in the last quarter. Institutional investors and hedge funds own 41.83% of the company’s stock.

COLM has been the subject of several research reports. DA Davidson raised Columbia Sportswear from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Wednesday. BidaskClub raised Columbia Sportswear from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Cfra reduced their price objective on Columbia Sportswear from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Pivotal Research reduced their price objective on Columbia Sportswear from $101.00 to $84.00 and set a “hold” rating for the company in a research note on Wednesday, April 29th. Finally, Citigroup raised their price objective on Columbia Sportswear from $64.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $105.64.

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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