Ameritas Investment Partners Inc. Increases Holdings in Columbia Sportswear Company (COLM)
Ameritas Investment Partners Inc. boosted its stake in Columbia Sportswear Company (NASDAQ:COLM) by 10.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,563 shares of the textile maker’s stock after acquiring an additional 234 shares during the period. Ameritas Investment Partners Inc.’s holdings in Columbia Sportswear were worth $149,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in COLM. UBS Asset Management Americas Inc. raised its position in Columbia Sportswear by 53.3% in the first quarter. UBS Asset Management Americas Inc. now owns 12,172 shares of the textile maker’s stock worth $715,000 after acquiring an additional 4,232 shares during the period. Prudential Financial Inc. raised its position in Columbia Sportswear by 6.6% in the first quarter. Prudential Financial Inc. now owns 4,868 shares of the textile maker’s stock worth $286,000 after acquiring an additional 300 shares during the period. SG Americas Securities LLC bought a new stake in Columbia Sportswear in the first quarter worth about $114,000. Teachers Advisors LLC raised its position in Columbia Sportswear by 0.6% in the first quarter. Teachers Advisors LLC now owns 230,158 shares of the textile maker’s stock worth $13,522,000 after acquiring an additional 1,424 shares during the period. Finally, Legal & General Group Plc raised its position in Columbia Sportswear by 9.9% in the first quarter. Legal & General Group Plc now owns 9,881 shares of the textile maker’s stock worth $581,000 after acquiring an additional 887 shares during the period. 38.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of Columbia Sportswear Company (NASDAQ:COLM) opened at $61.79 on Friday. The firm has a market cap of $4,317.64, a P/E ratio of 22.15, a P/E/G ratio of 2.35 and a beta of 0.85. Columbia Sportswear Company has a twelve month low of $51.56 and a twelve month high of $67.60.
Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, October 26th. The textile maker reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.10. The business had revenue of $747.37 million for the quarter, compared to analyst estimates of $735.67 million. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.45%. Columbia Sportswear’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.18 EPS. equities analysts predict that Columbia Sportswear Company will post 2.71 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Wednesday, November 15th. This is a positive change from Columbia Sportswear’s previous quarterly dividend of $0.18. Columbia Sportswear’s dividend payout ratio is 25.81%.
In related news, Director Edward S. George sold 6,664 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 8,664 shares of the company’s stock, valued at approximately $492,981.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 58.86% of the company’s stock.
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Several analysts have recently issued reports on COLM shares. Buckingham Research reissued a “neutral” rating and issued a $58.00 price target on shares of Columbia Sportswear in a research report on Monday, July 17th. Zacks Investment Research raised shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Cowen and Company set a $58.00 price target on shares of Columbia Sportswear and gave the company a “hold” rating in a research report on Wednesday, July 19th. Canaccord Genuity reissued a “neutral” rating on shares of Columbia Sportswear in a research report on Wednesday, July 26th. Finally, Stifel Nicolaus set a $60.00 price target on shares of Columbia Sportswear and gave the company a “hold” rating in a research report on Sunday, July 30th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Columbia Sportswear currently has an average rating of “Buy” and a consensus price target of $64.92.
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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