Marshall Wace LLP purchased a new position in shares of Columbia Sportswear (NASDAQ:COLM) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 272,699 shares of the textile maker’s stock, valued at approximately $25,380,000. Marshall Wace LLP owned approximately 0.40% of Columbia Sportswear at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of COLM. Martingale Asset Management L P raised its stake in shares of Columbia Sportswear by 1.3% in the 2nd quarter. Martingale Asset Management L P now owns 50,836 shares of the textile maker’s stock valued at $4,650,000 after acquiring an additional 630 shares in the last quarter. Aperio Group LLC raised its stake in shares of Columbia Sportswear by 7.7% in the 2nd quarter. Aperio Group LLC now owns 10,236 shares of the textile maker’s stock valued at $936,000 after acquiring an additional 735 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Columbia Sportswear by 33.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 3,134 shares of the textile maker’s stock valued at $290,000 after acquiring an additional 788 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Columbia Sportswear by 29.4% in the 1st quarter. Principal Financial Group Inc. now owns 4,119 shares of the textile maker’s stock valued at $315,000 after acquiring an additional 936 shares in the last quarter. Finally, Strs Ohio raised its stake in shares of Columbia Sportswear by 19.3% in the 3rd quarter. Strs Ohio now owns 6,088 shares of the textile maker’s stock valued at $566,000 after acquiring an additional 983 shares in the last quarter. 38.70% of the stock is owned by institutional investors.
In other news, Director Andy D. Bryant sold 13,274 shares of Columbia Sportswear stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $91.75, for a total transaction of $1,217,889.50. Following the sale, the director now owns 42,060 shares of the company’s stock, valued at approximately $3,859,005. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sarah Bany sold 19,946 shares of Columbia Sportswear stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $88.91, for a total value of $1,773,398.86. Following the sale, the director now directly owns 11,610 shares in the company, valued at approximately $1,032,245.10. The disclosure for this sale can be found here. 56.68% of the stock is currently owned by company insiders.
COLM has been the topic of a number of recent analyst reports. Buckingham Research raised their price objective on Columbia Sportswear from $80.00 to $84.00 and gave the company a “neutral” rating in a research note on Thursday, August 16th. DA Davidson raised Columbia Sportswear from a “neutral” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Thursday, November 29th. Macquarie set a $106.00 target price on Columbia Sportswear and gave the company a “hold” rating in a report on Friday, October 26th. Pivotal Research set a $94.00 target price on Columbia Sportswear and gave the company a “hold” rating in a report on Wednesday, October 24th. Finally, BidaskClub lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $92.29.
COLM opened at $88.37 on Friday. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 2.35 and a beta of 0.71. Columbia Sportswear has a 12-month low of $67.32 and a 12-month high of $95.74.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, October 25th. The textile maker reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.14. Columbia Sportswear had a return on equity of 15.43% and a net margin of 5.56%. The company had revenue of $795.80 million for the quarter, compared to analyst estimates of $791.25 million. Equities research analysts forecast that Columbia Sportswear will post 3.61 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Wednesday, November 14th. This is a positive change from Columbia Sportswear’s previous quarterly dividend of $0.22. Columbia Sportswear’s dividend payout ratio (DPR) is presently 32.21%.
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Columbia Sportswear Profile
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, 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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