Moody’s National Bank Credit Division sells 1,765 shares in Columbia Sportswear (NASDAQ:COLM)


Moody’s National Bank Trust Division cut its Columbia Sportswear (NASDAQ: COLM – Get Rating) position 12.5% ​​in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,302 shares of the textile manufacturer’s stock after selling 1,765 shares during the quarter. The holdings of the Moody National Bank Trust division of Columbia Sportswear were valued at $1,113000 at the end of the last quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bedel Financial Consulting Inc. increased its stake in Columbia Sportswear by 300.0% in the fourth quarter. Bedel Financial Consulting Inc. owns. Now 400 shares of the textile manufacturer stock are valued at $39,000 after purchasing an additional 300 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stock of Columbia Sportswear during the fourth quarter valued at $43,000. CENTRAL TRUST Co. increased its stake in shares of Columbia Sportswear by 93.4% during the 4th quarter. CENTRAL TRUST now owns 3,019 shares of the textile manufacturer’s stock valued at $294,000 after acquiring an additional 1,458 shares in the last quarter. MML Investors Services LLC increased its stake in Columbia Sportswear by 38.0% during the 3rd quarter. MML Investors Services LLC now owns 3,311 shares of the textile manufacturer’s stock valued at $317,000 after acquiring an additional 911 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Columbia Sportswear by 27.3% during the fourth quarter. ProShare Advisors LLC now owns 3,249 shares of the textile maker’s stock valued at $317,000 after acquiring an additional 697 shares in the last quarter. Institutional investors and hedge funds own 48.65% of the company’s shares.

In other news, director Ronald E. Nelson sold 3,706 shares of Columbia Sportswear in a transaction dated Thursday, May 5th. The stock sold at an average price of $80.16, for a total of $297,072.96. Following the transaction, the director now directly owns 14,402 shares of the company’s stock, valued at approximately $1,154,464.32. The deal was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this link. Also, director Stephen E. Babson sold 2,568 shares of Columbia Sportswear in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $81.14, with a total value of $208,367.52. Following the transaction, the director now directly owns 112,627 shares in the company, valued at $9,138,554.78. The disclosure of this sale can be found here. Company insiders own 42.37% of the company’s shares.

Nasdaq Stocks: COLM opened at $73.80 on Friday. The stock has a market capitalization of $4.64 billion, a price-earnings ratio of 13.30, a price-earnings ratio of 1.45 and beta 0.91. The stock’s 50-day simple moving average is $78.73, and its 200-day simple moving average is $88.03. Columbia Sportswear recorded a 52-week low of $68.29 and a 52-week high of $107.50.
Columbia Sportswear (NASDAQ: COLM – Get Rating) announced its earnings results on Thursday, April 28. The textile maker reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.17. The company generated $761.50 million in revenue for the quarter, compared to analysts’ expectations of $762.88 million. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. Business revenue for the quarter increased 21.7% year over year. During the same period last year, the company reported earnings of $0.84 per share. As a group, stock analysts expect Columbia Sportswear to report 5.88 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 2nd. A dividend of $0.30 was distributed to shareholders of record on Thursday, May 19th. The due date was Wednesday, May 18th. This represents an annual return of $1.20 and a return of 1.63%. Columbia Sportswear’s payout percentage is 21.62%.

COLM has been the subject of several analyst reports. Robert W. Bird lowered his price target on Columbia Sportswear from $110.00 to $100.00 in a report released Friday, April 29. TheStreet lowered Columbia Sportswear’s rating from a “b” rating to a “c+” rating in a report released on Thursday, April 28. Quinn cut his price target on Columbia Sportswear from $116.00 to $100.00 in a report on Friday, May 13. Bank of America lowered Columbia Sportswear’s rating from “neutral” to “underperformance” and lowered its stock price target from $108.00 to $80.00 in a report on Friday, April 29th. Finally, Quinn lowered his price target on Columbia Sportswear from $116.00 to $100.00 in a report released Friday, May 13. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $103.43.

About Columbia Sportswear (Get Rating)

Columbia Sportswear, Inc., along with its subsidiaries, designs, sources, markets, and distributes apparel, footwear, accessories, and equipment for the outdoor, active and everyday in the United States, Latin America, the Asia Pacific region, Europe, the Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities such as skiing, snowboarding, hiking, mountaineering, mountaineering, camping, hunting, fishing, running, water sports, yoga, golf and adventure travel.

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Corporate ownership by quarter for Columbia Sportswear (NASDAQ: COLM)



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