5,759 Shares in Columbia Sportswear Company (COLM) Acquired by Harfst & Associates Inc.
Harfst & Associates Inc. acquired a new position in Columbia Sportswear Company (NASDAQ:COLM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,759 shares of the textile maker’s stock, valued at approximately $334,000.
A number of other hedge funds also recently bought and sold shares of the stock. Alps Advisors Inc. raised its position in Columbia Sportswear by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 8,532 shares of the textile maker’s stock worth $495,000 after purchasing an additional 22 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Columbia Sportswear by 0.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 8,093 shares of the textile maker’s stock worth $476,000 after acquiring an additional 66 shares during the period. Creative Planning grew its holdings in Columbia Sportswear by 2.6% during the 2nd quarter. Creative Planning now owns 2,826 shares of the textile maker’s stock worth $164,000 after acquiring an additional 72 shares during the period. Stifel Financial Corp grew its holdings in Columbia Sportswear by 4.7% during the 1st quarter. Stifel Financial Corp now owns 3,960 shares of the textile maker’s stock worth $233,000 after acquiring an additional 176 shares during the period. Finally, Prudential Financial Inc. grew its holdings in Columbia Sportswear by 5.6% during the 2nd quarter. Prudential Financial Inc. now owns 5,143 shares of the textile maker’s stock worth $299,000 after acquiring an additional 275 shares during the period. Hedge funds and other institutional investors own 38.92% of the company’s stock.
A number of research firms have commented on COLM. Canaccord Genuity reaffirmed a “neutral” rating on shares of Columbia Sportswear in a report on Wednesday, July 26th. Zacks Investment Research raised shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Stifel Nicolaus set a $60.00 target price on shares of Columbia Sportswear and gave the stock a “hold” rating in a report on Sunday, July 30th. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 target price on shares of Columbia Sportswear in a report on Sunday, September 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 Monday, August 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Columbia Sportswear has an average rating of “Hold” and an average target price of $63.83.
In other news, Director Edward S. George sold 6,664 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $56.90, for a total transaction of $379,181.60. Following the completion of the sale, the director now directly owns 8,664 shares in the company, valued at $492,981.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 58.86% of the company’s stock.
Shares of Columbia Sportswear Company (NASDAQ:COLM) traded down 0.15% during trading on Friday, hitting $58.31. 126,587 shares of the stock traded hands. 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 $4.07 billion, a price-to-earnings ratio of 21.26 and a beta of 0.81. The firm has a 50-day moving average of $58.04 and a 200-day moving average of $57.11.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, July 27th. The textile maker reported ($0.17) earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $398.90 million during the quarter, compared to analysts’ expectations of $394.53 million. During the same period in the prior year, the company posted ($0.12) earnings per share. Columbia Sportswear’s revenue for the quarter 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Tuesday, August 15th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 26.47%.
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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