Everett Harris & Co. CA raised its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 33.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 20,000 shares of the textile maker’s stock after purchasing an additional 5,000 shares during the period. Everett Harris & Co. CA’s holdings in Columbia Sportswear were worth $2,003,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in COLM. Allianz Asset Management GmbH lifted its position in shares of Columbia Sportswear by 221.8% in the second quarter. Allianz Asset Management GmbH now owns 430,356 shares of the textile maker’s stock worth $43,104,000 after buying an additional 296,619 shares in the last quarter. Handelsbanken Fonder AB grew its stake in Columbia Sportswear by 308.6% in the second quarter. Handelsbanken Fonder AB now owns 364,100 shares of the textile maker’s stock worth $36,468,000 after purchasing an additional 275,000 shares in the last quarter. South Texas Money Management Ltd. bought a new position in Columbia Sportswear in the second quarter worth approximately $18,265,000. Marshall Wace North America L.P. boosted its position in Columbia Sportswear by 726.8% during the 1st quarter. Marshall Wace North America L.P. now owns 186,536 shares of the textile maker’s stock valued at $19,433,000 after acquiring an additional 163,975 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its position in Columbia Sportswear by 196.3% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 201,495 shares of the textile maker’s stock valued at $20,182,000 after acquiring an additional 133,492 shares in the last quarter. 37.68% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on the company. Wedbush raised their target price on Columbia Sportswear from $118.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Stifel Nicolaus set a $129.00 price objective on Columbia Sportswear and gave the stock a “buy” rating in a report on Friday, July 26th. Bank of America upgraded Columbia Sportswear from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $112.00 to $130.00 in a report on Tuesday, July 23rd. ValuEngine lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, B. Riley set a $109.00 target price on Columbia Sportswear and gave the company a “hold” rating in a research report on Tuesday, August 20th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Columbia Sportswear has a consensus rating of “Buy” and a consensus price target of $118.00.
COLM stock opened at $101.13 on Thursday. Columbia Sportswear has a 52-week low of $80.03 and a 52-week high of $109.74. The company’s 50 day simple moving average is $97.76 and its 200-day simple moving average is $100.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.88 and a quick ratio of 1.57. The firm has a market capitalization of $6.71 billion, a P/E ratio of 25.22, a P/E/G ratio of 1.87 and a beta of 0.72.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.22. The firm had revenue of $526.21 million for the quarter, compared to the consensus estimate of $507.16 million. Columbia Sportswear had a net margin of 10.73% and a return on equity of 18.14%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. Sell-side analysts predict that Columbia Sportswear will post 4.72 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, August 14th. Columbia Sportswear’s payout ratio is currently 23.94%.
In other news, SVP Douglas H. Morse sold 2,620 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $105.00, for a total value of $275,100.00. Following the sale, the senior vice president now owns 3,553 shares of the company’s stock, valued at approximately $373,065. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Thomas B. Cusick sold 17,260 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $107.77, for a total transaction of $1,860,110.20. Following the completion of the sale, the chief operating officer now directly owns 43,214 shares in the company, valued at approximately $4,657,172.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,938 shares of company stock valued at $8,461,381. Corporate insiders own 56.57% of the company’s stock.
Columbia Sportswear Company 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 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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