Columbia Sportswear Company (COLM) Shares Bought by Creative Planning
Creative Planning increased its stake in Columbia Sportswear Company (NASDAQ:COLM) by 2.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,826 shares of the textile maker’s stock after buying an additional 72 shares during the period. Creative Planning’s holdings in Columbia Sportswear were worth $164,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Macquarie Group Ltd. boosted its position in Columbia Sportswear by 440.7% in the fourth quarter. Macquarie Group Ltd. now owns 31,900 shares of the textile maker’s stock valued at $1,860,000 after buying an additional 26,000 shares during the period. Vanguard Group Inc. boosted its position in Columbia Sportswear by 31.7% in the first quarter. Vanguard Group Inc. now owns 2,774,168 shares of the textile maker’s stock valued at $162,982,000 after buying an additional 667,856 shares during the period. Gotham Asset Management LLC bought a new position in Columbia Sportswear during the first quarter valued at $5,195,000. 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 valued at $88,693,000 after buying an additional 145,729 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in Columbia Sportswear by 6.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 197,865 shares of the textile maker’s stock valued at $11,625,000 after buying an additional 12,355 shares during the period. Hedge funds and other institutional investors own 39.20% of the company’s stock.
Shares of Columbia Sportswear Company (COLM) traded down 1.49% during trading on Thursday, hitting $58.19. 30,286 shares of the stock traded hands. The firm has a 50-day moving average of $57.57 and a 200-day moving average of $56.66. Columbia Sportswear Company has a 1-year low of $51.56 and a 1-year high of $63.55. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 21.21 and a beta of 0.80.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, July 27th. The textile maker reported ($0.17) earnings per share for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $394.53 million. During the same period in the previous year, the firm posted ($0.12) earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that Columbia Sportswear Company will post $2.79 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.22%. The ex-dividend date is Tuesday, August 15th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 26.47%.
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Several research analysts recently weighed in on COLM shares. Goldman Sachs Group, Inc. (The) cut shares of Columbia Sportswear from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, May 23rd. Canaccord Genuity cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $64.00 to $60.00 in a research report on Friday, April 28th. Zacks Investment Research upgraded shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Buckingham Research restated a “neutral” rating and issued a $58.00 price objective on shares of Columbia Sportswear in a research report on Monday, July 17th. Finally, Cowen and Company set a $58.00 price objective on shares of Columbia Sportswear and gave the stock a “hold” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $63.45.
In other Columbia Sportswear news, Director Edward S. George sold 1,776 shares of Columbia Sportswear stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $53.59, for a total value of $95,175.84. Following the completion of the sale, the director now directly owns 2,000 shares of the company’s stock, valued at $107,180. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 58.86% of the company’s stock.
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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