Empowered Funds LLC purchased a new stake in shares of Columbia Sportswear Company (NASDAQ:COLM – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,766 shares of the textile maker’s stock, valued at approximately $1,840,000.
Several other large investors have also recently added to or reduced their stakes in COLM. BlackRock Inc. bought a new stake in shares of Columbia Sportswear in the 2nd quarter worth approximately $152,164,000. Dimensional Fund Advisors LP grew its holdings in shares of Columbia Sportswear by 15.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,222,770 shares of the textile maker’s stock worth $121,824,000 after purchasing an additional 301,277 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Columbia Sportswear by 19.6% during the fourth quarter. AQR Capital Management LLC now owns 1,161,128 shares of the textile maker’s stock valued at $63,967,000 after purchasing an additional 190,453 shares during the period. JPMorgan Chase & Co. increased its position in shares of Columbia Sportswear by 1.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,097,123 shares of the textile maker’s stock valued at $60,441,000 after purchasing an additional 13,499 shares during the period. Finally, Deprince Race & Zollo Inc. acquired a new position in shares of Columbia Sportswear in the first quarter valued at $27,407,000. Institutional investors and hedge funds own 47.76% of the company’s stock.
Columbia Sportswear Trading Up 1.6%
COLM stock opened at $57.79 on Friday. Columbia Sportswear Company has a 1-year low of $47.47 and a 1-year high of $69.06. The business’s 50 day moving average is $60.54 and its 200-day moving average is $60.59. The firm has a market cap of $2.96 billion, a P/E ratio of 15.01 and a beta of 0.94.
Columbia Sportswear Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.1%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 31.17%.
Analyst Ratings Changes
Several research analysts recently commented on COLM shares. Wall Street Zen raised Columbia Sportswear from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Stifel Nicolaus set a $67.00 price objective on shares of Columbia Sportswear and gave the company a “buy” rating in a research note on Friday, July 31st. BTIG Research reaffirmed a “buy” rating and set a $80.00 price objective on shares of Columbia Sportswear in a report on Friday, July 31st. Finally, Robert W. Baird set a $65.00 target price on shares of Columbia Sportswear in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Columbia Sportswear presently has a consensus rating of “Hold” and a consensus target price of $65.40.
View Our Latest Analysis on COLM
About Columbia Sportswear
Columbia Sportswear Company develops, sources, markets and distributes a wide range of outdoor apparel, footwear and accessories designed for activities such as hiking, skiing, snowboarding and trail running. Its product portfolio includes weatherproof jackets and pants featuring proprietary technologies like Omni-Tech® waterproofing and Omni-Heat® thermal reflective lining, as well as activewear, footwear, hats, gloves and accessories under the Columbia® brand and complementary brands.
Founded in 1938 as the Columbia Hat Company in Portland, Oregon, the company initially focused on headwear before expanding into outerwear in the 1970s with the introduction of the Bugaboo® interchange jacket.
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