Arizona State Retirement System cut its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 56.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,134 shares of the textile maker’s stock after selling 9,332 shares during the period. Arizona State Retirement System’s holdings in Columbia Sportswear were worth $498,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. State Street Corp increased its stake in Columbia Sportswear by 70.5% during the fourth quarter. State Street Corp now owns 701,089 shares of the textile maker’s stock worth $70,242,000 after purchasing an additional 290,010 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of Columbia Sportswear by 120.1% during the fourth quarter. Lord Abbett & CO. LLC now owns 678,958 shares of the textile maker’s stock worth $68,025,000 after buying an additional 370,421 shares during the period. FMR LLC increased its stake in shares of Columbia Sportswear by 12.6% during the fourth quarter. FMR LLC now owns 568,702 shares of the textile maker’s stock worth $56,978,000 after buying an additional 63,580 shares during the period. Pictet Asset Management Ltd. increased its stake in shares of Columbia Sportswear by 35.0% during the fourth quarter. Pictet Asset Management Ltd. now owns 508,422 shares of the textile maker’s stock worth $50,939,000 after buying an additional 131,945 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Columbia Sportswear by 25.6% during the fourth quarter. AQR Capital Management LLC now owns 499,612 shares of the textile maker’s stock worth $50,056,000 after buying an additional 101,767 shares during the period. Institutional investors own 42.80% of the company’s stock.

COLM stock opened at $69.22 on Friday. The company has a market capitalization of $4.63 billion, a P/E ratio of 18.41, a PEG ratio of 11.28 and a beta of 0.64. Columbia Sportswear has a twelve month low of $51.82 and a twelve month high of $109.44. The business has a 50 day simple moving average of $68.74 and a 200-day simple moving average of $83.95. The company has a current ratio of 2.80, a quick ratio of 1.86 and a debt-to-equity ratio of 0.21.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.56). Columbia Sportswear had a net margin of 8.68% and a return on equity of 14.34%. The firm had revenue of $568.23 million during the quarter, compared to analyst estimates of $597.75 million. During the same period in the previous year, the company posted $1.07 earnings per share. Columbia Sportswear’s revenue was down 13.2% compared to the same quarter last year. Research analysts predict that Columbia Sportswear will post 2 EPS for the current fiscal year.

In related news, major shareholder Sarah Bany sold 13,800 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $73.05, for a total transaction of $1,008,090.00. Following the completion of the sale, the insider now directly owns 1,154,136 shares of the company’s stock, valued at $84,309,634.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 37,612 shares of company stock valued at $2,792,263. Corporate insiders own 56.57% of the company’s stock.

A number of analysts recently weighed in on COLM shares. Citigroup upped their target price on shares of Columbia Sportswear from $64.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. DA Davidson dropped their price target on shares of Columbia Sportswear from $96.00 to $88.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. BTIG Research assumed coverage on shares of Columbia Sportswear in a research note on Tuesday, April 28th. They issued a “neutral” rating on the stock. BidaskClub lowered shares of Columbia Sportswear from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 7th. Finally, ValuEngine upgraded shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Columbia Sportswear presently has an average rating of “Buy” and a consensus price target of $104.55.

Columbia Sportswear 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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Institutional Ownership by Quarter for Columbia Sportswear (NASDAQ:COLM)

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