WINTON GROUP Ltd Purchases New Stake in Columbia Sportswear (COLM)

WINTON GROUP Ltd purchased a new position in shares of Columbia Sportswear (NASDAQ:COLM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,389 shares of the textile maker’s stock, valued at approximately $947,000.

A number of other large investors have also added to or reduced their stakes in COLM. Stifel Financial Corp increased its holdings in Columbia Sportswear by 19.2% in the 1st quarter. Stifel Financial Corp now owns 4,340 shares of the textile maker’s stock valued at $331,000 after buying an additional 698 shares during the period. Guggenheim Capital LLC increased its holdings in Columbia Sportswear by 4.2% in the 1st quarter. Guggenheim Capital LLC now owns 19,031 shares of the textile maker’s stock valued at $1,454,000 after buying an additional 773 shares during the period. Intrust Bank NA increased its holdings in Columbia Sportswear by 15.1% in the 1st quarter. Intrust Bank NA now owns 6,624 shares of the textile maker’s stock valued at $507,000 after buying an additional 867 shares during the period. Citigroup Inc. increased its holdings in Columbia Sportswear by 7.4% in the 1st quarter. Citigroup Inc. now owns 12,760 shares of the textile maker’s stock valued at $975,000 after buying an additional 876 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in 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 buying an additional 936 shares during the period. 38.86% of the stock is currently owned by institutional investors and hedge funds.

COLM opened at $91.47 on Friday. Columbia Sportswear has a 1-year low of $54.89 and a 1-year high of $94.33. The company has a market capitalization of $6.40 billion, a PE ratio of 28.95, a P/E/G ratio of 2.45 and a beta of 0.89.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, April 26th. The textile maker reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.19. Columbia Sportswear had a net margin of 4.52% and a return on equity of 13.58%. The company had revenue of $607.31 million for the quarter, compared to the consensus estimate of $581.16 million. During the same period last year, the company posted $0.51 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. sell-side analysts anticipate that Columbia Sportswear will post 3.35 earnings per share for the current year.

In related news, CAO Peter J. Bragdon sold 12,005 shares of Columbia Sportswear stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $89.09, for a total transaction of $1,069,525.45. Following the sale, the chief accounting officer now directly owns 31,845 shares in the company, valued at approximately $2,837,071.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Thomas B. Cusick sold 8,343 shares of Columbia Sportswear stock in a transaction that occurred on Wednesday, April 11th. The stock was sold at an average price of $82.50, for a total transaction of $688,297.50. Following the sale, the chief operating officer now owns 52,606 shares in the company, valued at $4,339,995. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,294 shares of company stock worth $3,460,214. 56.68% of the stock is owned by corporate insiders.

Several equities analysts have commented on the stock. BidaskClub lowered shares of Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 17th. B. Riley raised their target price on shares of Columbia Sportswear from $79.00 to $81.00 and gave the company a “buy” rating in a report on Friday, April 27th. DA Davidson raised their target price on shares of Columbia Sportswear from $84.00 to $96.00 and gave the company a “buy” rating in a report on Friday, April 27th. Buckingham Research raised their target price on shares of Columbia Sportswear from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, April 27th. Finally, Robert W. Baird raised their target price on shares of Columbia Sportswear from $87.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, April 12th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $83.13.

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, 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.

Institutional Ownership by Quarter for Columbia Sportswear (NASDAQ:COLM)

Receive News & Ratings for Columbia Sportswear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Sportswear and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply