Strs Ohio Has $840,000 Position in Columbia Sportswear Co. (COLM)
Strs Ohio decreased its position in Columbia Sportswear Co. (NASDAQ:COLM) by 18.9% during the second quarter, Holdings Channel reports. The fund owned 14,600 shares of the company’s stock after selling 3,400 shares during the period. Strs Ohio’s holdings in Columbia Sportswear were worth $840,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its position in shares of Columbia Sportswear by 15.8% in the first quarter. BlackRock Inc. now owns 1,992 shares of the company’s stock worth $119,000 after buying an additional 272 shares during the period. Meeder Asset Management Inc. bought a new stake in Columbia Sportswear during the first quarter worth about $226,000. Cypress Wealth Advisors LLC bought a new stake in Columbia Sportswear during the first quarter worth about $230,000. Eqis Capital Management Inc. increased its stake in Columbia Sportswear by 1.8% in the second quarter. Eqis Capital Management Inc. now owns 4,003 shares of the company’s stock worth $230,000 after buying an additional 72 shares during the period. Finally, HL Financial Services LLC bought a new stake in Columbia Sportswear during the second quarter worth about $245,000. Hedge funds and other institutional investors own 36.49% of the company’s stock.
Shares of Columbia Sportswear Co. (NASDAQ:COLM) traded up 1.50% on Tuesday, hitting $60.11. 182,039 shares of the stock traded hands. The firm has a market cap of $4.19 billion, a P/E ratio of 23.97 and a beta of 0.89. Columbia Sportswear Co. has a 12-month low of $43.56 and a 12-month high of $66.00. The firm’s 50-day moving average is $56.78 and its 200 day moving average is $57.31.
Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, July 28th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.05. Columbia Sportswear had a net margin of 7.48% and a return on equity of 12.14%. The business had revenue of $388.70 million for the quarter, compared to analysts’ expectations of $392.02 million. During the same period last year, the company earned ($0.09) earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts forecast that Columbia Sportswear Co. will post $2.67 EPS for the current fiscal year.
A number of research firms have recently issued reports on COLM. B. Riley reissued a “neutral” rating and issued a $64.00 price target on shares of Columbia Sportswear in a research note on Monday, August 1st. Citigroup Inc. reduced their price target on shares of Columbia Sportswear from $69.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Brean Capital reissued a “hold” rating on shares of Columbia Sportswear in a research note on Monday, July 18th. KeyCorp began coverage on shares of Columbia Sportswear in a research note on Thursday, September 22nd. They issued a “sector weight” rating on the stock. Finally, Zacks Investment Research raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Monday, July 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $63.50.
About Columbia Sportswear
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.
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