Robecosam AG increased its position in shares of Columbia Sportswear (NASDAQ:COLM) by 29.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,000 shares of the textile maker’s stock after acquiring an additional 29,000 shares during the quarter. Robecosam AG owned about 0.18% of Columbia Sportswear worth $12,415,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Stifel Financial Corp acquired a new position in Columbia Sportswear in the fourth quarter valued at about $249,000. Legal & General Group Plc lifted its stake in Columbia Sportswear by 16.6% in the fourth quarter. Legal & General Group Plc now owns 16,146 shares of the textile maker’s stock valued at $1,358,000 after buying an additional 2,304 shares during the period. Norges Bank acquired a new position in Columbia Sportswear in the fourth quarter valued at about $33,356,000. Geode Capital Management LLC lifted its stake in Columbia Sportswear by 12.7% in the fourth quarter. Geode Capital Management LLC now owns 351,041 shares of the textile maker’s stock valued at $29,519,000 after buying an additional 39,664 shares during the period. Finally, Sciencast Management LP acquired a new stake in shares of Columbia Sportswear during the first quarter worth about $457,000. 38.67% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently commented on COLM. Pivotal Research reaffirmed a “buy” rating and set a $125.00 price target (up previously from $120.00) on shares of Columbia Sportswear in a research report on Friday, July 26th. Bank of America raised Columbia Sportswear from a “neutral” rating to a “buy” rating and raised their price target for the stock from $112.00 to $130.00 in a research report on Tuesday, July 23rd. DA Davidson set a $129.00 price objective on Columbia Sportswear and gave the stock a “buy” rating in a report on Friday, April 26th. BidaskClub upgraded Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Finally, B. Riley set a $109.00 price objective on Columbia Sportswear and gave the stock a “hold” rating in a report on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $118.00.
Shares of NASDAQ COLM traded up $1.60 during midday trading on Tuesday, hitting $98.67. 6,068 shares of the company’s stock were exchanged, compared to its average volume of 333,704. The company has a quick ratio of 1.57, a current ratio of 2.88 and a debt-to-equity ratio of 0.21. Columbia Sportswear has a 12 month low of $80.03 and a 12 month high of $109.74. The business has a 50 day moving average of $101.80. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 1.91 and a beta of 0.67.
Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, July 25th. The textile maker reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.22. Columbia Sportswear had a return on equity of 18.14% and a net margin of 10.73%. The company had revenue of $526.21 million during the quarter, compared to the consensus estimate of $507.16 million. During the same period in the previous year, the company posted $0.16 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities analysts forecast that Columbia Sportswear will post 4.69 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.96 annualized dividend and a dividend yield of 0.97%. Columbia Sportswear’s dividend payout ratio is currently 23.94%.
In related news, Director Malia H. Wasson sold 8,693 shares of Columbia Sportswear stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $105.83, for a total transaction of $919,980.19. Following the completion of the sale, the director now directly owns 6,849 shares of the company’s stock, valued at approximately $724,829.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Douglas H. Morse sold 2,620 shares of Columbia Sportswear stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $105.00, for a total value of $275,100.00. Following the sale, the senior vice president now directly owns 3,553 shares of the company’s stock, valued at $373,065. The disclosure for this sale can be found here. Insiders have sold a total of 78,938 shares of company stock valued at $8,461,381 over the last quarter. 56.57% of the stock is currently owned by corporate insiders.
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 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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