Comerica Bank cut its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,284 shares of the textile maker’s stock after selling 2,481 shares during the period. Comerica Bank’s holdings in Columbia Sportswear were worth $3,438,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Columbia Sportswear by 8.8% during the second quarter. State Street Corp now owns 538,316 shares of the textile maker’s stock valued at $31,254,000 after buying an additional 43,315 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Columbia Sportswear by 13.7% during the third quarter. Russell Investments Group Ltd. now owns 206,632 shares of the textile maker’s stock valued at $12,724,000 after buying an additional 24,950 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Columbia Sportswear by 43.8% during the third quarter. Legal & General Group Plc now owns 14,887 shares of the textile maker’s stock valued at $916,000 after buying an additional 4,535 shares during the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of Columbia Sportswear by 8.8% during the third quarter. Deprince Race & Zollo Inc. now owns 481,183 shares of the textile maker’s stock valued at $29,631,000 after buying an additional 38,786 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Columbia Sportswear by 14.8% during the third quarter. Victory Capital Management Inc. now owns 1,072,520 shares of the textile maker’s stock valued at $66,046,000 after buying an additional 137,900 shares during the last quarter. 37.67% of the stock is currently owned by institutional investors.
Columbia Sportswear (COLM) opened at $74.70 on Monday. Columbia Sportswear has a 12 month low of $51.56 and a 12 month high of $79.21. The company has a market capitalization of $5,219.77, a PE ratio of 25.76, a PEG ratio of 2.40 and a beta of 0.95.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, February 8th. The textile maker reported $1.31 EPS for the quarter, topping the consensus estimate of $1.15 by $0.16. Columbia Sportswear had a return on equity of 12.73% and a net margin of 4.26%. The firm had revenue of $776.00 million for the quarter, compared to the consensus estimate of $762.18 million. During the same quarter last year, the company earned $1.20 earnings per share. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. equities analysts predict that Columbia Sportswear will post 3.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Friday, March 9th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.88 annualized dividend and a dividend yield of 1.18%. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.19. Columbia Sportswear’s dividend payout ratio (DPR) is 51.01%.
In other news, Director Edward S. George sold 11,608 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $76.52, for a total value of $888,244.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Franco Fogliato sold 9,252 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $72.97, for a total value of $675,118.44. Following the completion of the transaction, the executive vice president now directly owns 16,806 shares in the company, valued at approximately $1,226,333.82. The disclosure for this sale can be found here. 58.86% of the stock is owned by company insiders.
Several equities research analysts recently commented on COLM shares. Zacks Investment Research raised Columbia Sportswear from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Tuesday, January 2nd. BidaskClub cut Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. Robert W. Baird reissued a “buy” rating and issued a $68.00 target price on shares of Columbia Sportswear in a research report on Sunday, October 22nd. Guggenheim reissued a “buy” rating and issued a $75.00 target price on shares of Columbia Sportswear in a research report on Friday, December 15th. Finally, Stifel Nicolaus raised their target price on Columbia Sportswear from $60.00 to $62.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $76.87.
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Columbia Sportswear 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.
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