Vanguard Group Inc. increased its position in Columbia Sportswear Company (NASDAQ:COLM) by 31.7% during the first quarter, according to its most recent disclosure 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 SEC filing.
A number of other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. bought a new position in Columbia Sportswear during the first quarter worth $24,494,000. Victory Capital Management Inc. boosted its position in Columbia Sportswear by 78.4% in the first quarter. Victory Capital Management Inc. now owns 910,295 shares of the textile maker’s stock worth $53,480,000 after buying an additional 400,145 shares in the last quarter. Norges Bank bought a new position in Columbia Sportswear during the fourth quarter worth $12,115,000. JPMorgan Chase & Co. boosted its position in Columbia Sportswear by 10.7% in the first quarter. JPMorgan Chase & Co. now owns 1,509,656 shares of the textile maker’s stock worth $88,693,000 after buying an additional 145,729 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in Columbia Sportswear by 67.8% in the first quarter. William Blair Investment Management LLC now owns 340,355 shares of the textile maker’s stock worth $19,996,000 after buying an additional 137,519 shares in the last quarter. Institutional investors own 39.60% of the company’s stock.
Columbia Sportswear Company (NASDAQ COLM) traded up 7.53% on Friday, reaching $62.01. 514,244 shares of the company’s stock were exchanged. The company has a market capitalization of $4.32 billion, a PE ratio of 22.61 and a beta of 0.79. Columbia Sportswear Company has a 1-year low of $51.56 and a 1-year high of $63.55. The company has a 50 day moving average price of $57.01 and a 200-day moving average price of $56.45.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, July 27th. The textile maker reported ($0.17) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.03. Columbia Sportswear had a return on equity of 12.32% and a net margin of 8.01%. The company had revenue of $398.90 million during the quarter, compared to the consensus estimate of $394.53 million. During the same quarter last year, the company earned ($0.12) EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Columbia Sportswear Company will post $2.80 earnings per share for the current year.
A number of equities research analysts have recently issued reports on COLM shares. Zacks Investment Research lowered shares of Columbia Sportswear from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Canaccord Genuity lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating and dropped their target price for the stock from $64.00 to $60.00 in a report on Friday, April 28th. Goldman Sachs Group, Inc. (The) lowered shares of Columbia Sportswear from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, May 23rd. Buckingham Research reaffirmed a “neutral” rating and set a $58.00 target price on shares of Columbia Sportswear in a report on Monday, July 17th. Finally, Cowen and Company set a $58.00 target price on shares of Columbia Sportswear and gave the stock a “hold” rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $63.45.
In related news, Director Edward S. George sold 1,776 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $53.59, for a total transaction of $95,175.84. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at approximately $107,180. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 58.86% of the stock is currently owned by company insiders.
About Columbia Sportswear
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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