Vanguard Group Inc. raised its position in Columbia Sportswear Company (NASDAQ:COLM) by 31.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 about 3.98% of Columbia Sportswear worth $162,982,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of 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 during the period. Victory Capital Management Inc. increased its stake in shares of 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 during the period. State Street Corp increased its stake in shares of Columbia Sportswear by 3.6% in the fourth quarter. State Street Corp now owns 484,862 shares of the textile maker’s stock worth $28,263,000 after buying an additional 16,957 shares during the period. Wellington Management Group LLP increased its stake in shares of Columbia Sportswear by 4.9% in the first quarter. Wellington Management Group LLP now owns 472,736 shares of the textile maker’s stock worth $27,774,000 after buying an additional 22,103 shares during the period. Finally, American Century Companies Inc. acquired a new stake in shares of Columbia Sportswear during the first quarter worth about $24,494,000. 39.20% of the stock is owned by institutional investors.
Columbia Sportswear Company (COLM) opened at 59.12 on Monday. Columbia Sportswear Company has a 12 month low of $51.56 and a 12 month high of $63.55. The firm has a market cap of $4.12 billion, a PE ratio of 21.55 and a beta of 0.80. The company has a 50-day moving average price of $57.17 and a 200 day moving average price of $56.53.
Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, July 27th. The textile maker reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.03. Columbia Sportswear had a net margin of 8.01% and a return on equity of 12.31%. The firm had revenue of $398.90 million for the quarter, compared to analysts’ expectations of $394.53 million. During the same quarter last year, the company posted ($0.12) earnings per share. Columbia Sportswear’s revenue was up 2.6% on a year-over-year basis. Equities research analysts anticipate that Columbia Sportswear Company will post $2.79 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.72 dividend on an annualized basis and a yield of 1.22%. Columbia Sportswear’s dividend payout ratio is currently 26.47%.
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A number of analysts have issued reports on COLM shares. B. Riley reaffirmed a “neutral” rating and set a $61.00 price target on shares of Columbia Sportswear in a report on Sunday, April 30th. Zacks Investment Research downgraded Columbia Sportswear from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Buckingham Research reissued a “neutral” rating and issued a $58.00 target price on shares of Columbia Sportswear in a report on Monday, July 17th. Canaccord Genuity set a $60.00 target price on Columbia Sportswear and gave the company a “hold” rating in a report on Tuesday, July 25th. 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, July 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Columbia Sportswear presently has an average rating of “Hold” and an average price target of $63.45.
In other Columbia Sportswear news, Director Edward S. George sold 1,776 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $53.59, for a total value of $95,175.84. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $107,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.
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