Vanguard Group Inc. Has $162.98 Million Position in Columbia Sportswear Company (COLM)

Vanguard Group Inc. increased its position in shares of Columbia Sportswear Company (NASDAQ:COLM) by 31.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,774,168 shares of the textile maker’s stock after buying an additional 667,856 shares during the period. Vanguard Group Inc. owned approximately 3.98% of Columbia Sportswear worth $162,982,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in COLM. SG Americas Securities LLC bought a new stake in shares of Columbia Sportswear during the first quarter worth approximately $114,000. Ameritas Investment Partners Inc. bought a new stake in shares of Columbia Sportswear during the first quarter worth approximately $137,000. NINE MASTS CAPITAL Ltd bought a new stake in shares of Columbia Sportswear during the first quarter worth approximately $153,000. Creative Planning boosted its stake in shares of Columbia Sportswear by 0.6% in the first quarter. Creative Planning now owns 2,754 shares of the textile maker’s stock worth $162,000 after buying an additional 17 shares during the period. Finally, Verity Asset Management Inc. bought a new stake in shares of Columbia Sportswear during the first quarter worth approximately $229,000. Hedge funds and other institutional investors own 39.35% of the company’s stock.

Columbia Sportswear Company (NASDAQ:COLM) opened at 57.12 on Thursday. Columbia Sportswear Company has a 52 week low of $51.56 and a 52 week high of $63.55. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 20.55 and a beta of 0.79. The firm’s 50 day moving average price is $56.44 and its 200-day moving average price is $56.36.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, April 27th. The textile maker reported $0.51 EPS for the quarter, beating the consensus estimate of $0.41 by $0.10. Columbia Sportswear had a net margin of 8.19% and a return on equity of 12.80%. The business had revenue of $543.80 million for the quarter, compared to analysts’ expectations of $533.82 million. During the same period in the previous year, the company posted $0.39 EPS. Columbia Sportswear’s revenue was up 3.6% on a year-over-year basis. Analysts expect that Columbia Sportswear Company will post $2.80 EPS for the current year.

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A number of brokerages have commented on COLM. Zacks Investment Research upgraded Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Monday. Forward View cut Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Saturday, May 13th. Goldman Sachs Group, Inc. (The) cut Columbia Sportswear from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, May 23rd. Canaccord Genuity cut Columbia Sportswear from a “buy” rating to a “hold” rating and lowered their target price for the company from $64.00 to $60.00 in a report on Friday, April 28th. Finally, Cowen and Company set a $58.00 target price on Columbia Sportswear and gave the company a “hold” rating in a report on Wednesday. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Columbia Sportswear currently has a consensus rating of “Hold” and an average target price of $63.83.

In other news, Director Edward S. George sold 1,776 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $53.59, for a total transaction of $95,175.84. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $107,180. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 58.86% of the company’s stock.

Columbia Sportswear Company 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.