Los Angeles Capital Management & Equity Research Inc. Has $8.87 Million Stock Position in Columbia Sportswear (NASDAQ:COLM)
Los Angeles Capital Management & Equity Research Inc. grew its stake in Columbia Sportswear (NASDAQ:COLM) by 8.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 88,595 shares of the textile maker’s stock after purchasing an additional 7,203 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.13% of Columbia Sportswear worth $8,874,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of COLM. Machina Capital S.A.S. increased its holdings in Columbia Sportswear by 17.9% during the 2nd quarter. Machina Capital S.A.S. now owns 1,000 shares of the textile maker’s stock worth $100,000 after purchasing an additional 152 shares in the last quarter. Strs Ohio increased its holdings in Columbia Sportswear by 7.6% during the 2nd quarter. Strs Ohio now owns 4,617 shares of the textile maker’s stock worth $462,000 after purchasing an additional 328 shares in the last quarter. Financial Gravity Wealth Inc. increased its holdings in Columbia Sportswear by 4,581.8% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 515 shares of the textile maker’s stock worth $52,000 after purchasing an additional 504 shares in the last quarter. First Midwest Bank Trust Division increased its holdings in Columbia Sportswear by 9.4% during the 1st quarter. First Midwest Bank Trust Division now owns 6,292 shares of the textile maker’s stock worth $656,000 after purchasing an additional 540 shares in the last quarter. Finally, Quadrant Capital Group LLC bought a new position in Columbia Sportswear during the 1st quarter worth about $61,000. 38.67% of the stock is currently owned by institutional investors.
COLM stock traded up $2.65 during mid-day trading on Tuesday, hitting $99.72. 358 shares of the company were exchanged, compared to its average volume of 333,704. The business has a 50 day simple moving average of $101.80. The company has a quick ratio of 1.57, a current ratio of 2.88 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.66 billion, a PE ratio of 25.03, a PEG ratio of 1.91 and a beta of 0.67. Columbia Sportswear has a 1-year low of $80.03 and a 1-year high of $109.74.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.96 annualized dividend and a yield of 0.96%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 23.94%.
In other Columbia Sportswear news, SVP Douglas H. Morse sold 2,620 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $105.00, for a total transaction of $275,100.00. Following the completion of the sale, the senior vice president now directly owns 3,553 shares in the company, valued at $373,065. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Malia H. Wasson sold 8,693 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $105.83, for a total transaction of $919,980.19. Following the sale, the director now owns 6,849 shares of the company’s stock, valued at $724,829.67. The disclosure for this sale can be found here. Insiders have sold 78,938 shares of company stock valued at $8,461,381 over the last 90 days. Company insiders own 56.57% of the company’s stock.
A number of research firms have issued reports on COLM. Canaccord Genuity set a $107.00 target price on Columbia Sportswear and gave the stock a “hold” rating in a report on Friday, April 26th. B. Riley set a $109.00 target price on Columbia Sportswear and gave the stock a “hold” rating in a report on Friday, July 26th. DA Davidson set a $129.00 price objective on Columbia Sportswear and gave the company a “buy” rating in a report on Friday, April 26th. Stifel Nicolaus set a $129.00 price objective on Columbia Sportswear and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Bank of America upgraded Columbia Sportswear from a “neutral” rating to a “buy” rating and raised their price objective for the company from $112.00 to $130.00 in a report on Tuesday, July 23rd. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $118.00.
Columbia Sportswear Company Profile
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East and Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.
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