Kornitzer Capital Management Inc. KS Has $11,326,000 Position in Columbia Sportswear Co. (COLM)
Kornitzer Capital Management Inc. KS lowered its position in Columbia Sportswear Co. (NASDAQ:COLM) by 9.4% during the second quarter, Holdings Channel reports. The fund owned 196,832 shares of the company’s stock after selling 20,500 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Columbia Sportswear were worth $11,326,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Huntington National Bank boosted its stake in shares of Columbia Sportswear by 21.5% in the second quarter. Huntington National Bank now owns 4,426 shares of the company’s stock worth $255,000 after buying an additional 783 shares during the last quarter. Capital Fund Management S.A. acquired a new stake in shares of Columbia Sportswear during the second quarter worth $2,135,000. First Midwest Bank Trust Division boosted its stake in shares of Columbia Sportswear by 46.2% in the second quarter. First Midwest Bank Trust Division now owns 17,049 shares of the company’s stock worth $981,000 after buying an additional 5,385 shares during the last quarter. Moody Aldrich Partners LLC boosted its stake in shares of Columbia Sportswear by 134.7% in the second quarter. Moody Aldrich Partners LLC now owns 16,655 shares of the company’s stock worth $958,000 after buying an additional 9,560 shares during the last quarter. Finally, HL Financial Services LLC acquired a new stake in shares of Columbia Sportswear during the second quarter worth $245,000. Hedge funds and other institutional investors own 36.55% of the company’s stock.
Columbia Sportswear Co. (NASDAQ:COLM) traded down 0.32% on Friday, hitting $59.99. 213,650 shares of the stock were exchanged. Columbia Sportswear Co. has a one year low of $43.56 and a one year high of $66.00. The stock has a market capitalization of $4.18 billion, a P/E ratio of 23.92 and a beta of 0.89. The company has a 50 day moving average of $56.64 and a 200 day moving average of $57.38.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.05. The business earned $388.70 million during the quarter, compared to the consensus estimate of $392.02 million. Columbia Sportswear had a net margin of 7.48% and a return on equity of 12.14%. Columbia Sportswear’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.09) earnings per share. On average, equities research analysts forecast that Columbia Sportswear Co. will post $2.67 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. Goldman Sachs Group Inc. restated a “buy” rating and set a $71.00 target price on shares of Columbia Sportswear in a report on Monday, October 10th. Guggenheim assumed coverage on shares of Columbia Sportswear in a report on Friday, September 30th. They set a “buy” rating and a $71.00 target price for the company. Zacks Investment Research cut shares of Columbia Sportswear from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. Brean Capital restated a “hold” rating on shares of Columbia Sportswear in a report on Thursday, September 22nd. Finally, KeyCorp started coverage on shares of Columbia Sportswear in a report on Thursday, September 22nd. They set a “sector weight” rating for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $63.50.
Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada.
Want to see what other hedge funds are holding COLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbia Sportswear Co. (NASDAQ:COLM).
Receive News & Ratings for Columbia Sportswear Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Sportswear Co. and related companies with MarketBeat.com's FREE daily email newsletter.