Columbia Sportswear (COLM) Shares Sold by Fuller & Thaler Asset Management Inc.
Fuller & Thaler Asset Management Inc. trimmed its holdings in Columbia Sportswear (NASDAQ:COLM) by 5.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,791,240 shares of the textile maker’s stock after selling 96,888 shares during the quarter. Columbia Sportswear comprises approximately 1.5% of Fuller & Thaler Asset Management Inc.’s portfolio, making the stock its 12th biggest position. Fuller & Thaler Asset Management Inc.’s holdings in Columbia Sportswear were worth $128,754,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Columbia Sportswear by 2.6% in the 4th quarter. BlackRock Inc. now owns 1,841,927 shares of the textile maker’s stock worth $132,398,000 after buying an additional 46,815 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Columbia Sportswear by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,254 shares of the textile maker’s stock valued at $108,662,000 after purchasing an additional 148,269 shares during the period. Victory Capital Management Inc. grew its stake in shares of Columbia Sportswear by 9.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,178,660 shares of the textile maker’s stock valued at $84,722,000 after purchasing an additional 106,140 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Columbia Sportswear by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 717,052 shares of the textile maker’s stock valued at $41,631,000 after purchasing an additional 6,371 shares during the period. Finally, State Street Corp grew its stake in shares of Columbia Sportswear by 8.8% during the 2nd quarter. State Street Corp now owns 538,316 shares of the textile maker’s stock valued at $31,254,000 after purchasing an additional 43,315 shares during the period. Institutional investors own 37.67% of the company’s stock.
A number of equities research analysts have issued reports on the company. B. Riley restated a “buy” rating on shares of Columbia Sportswear in a research note on Wednesday, November 1st. Robert W. Baird boosted their price target on Columbia Sportswear from $84.00 to $87.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. BidaskClub upgraded Columbia Sportswear from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 7th. Zacks Investment Research downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, Canaccord Genuity set a $70.00 price target on Columbia Sportswear and gave the company a “hold” rating in a research note on Thursday, February 8th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $76.87.
Columbia Sportswear (COLM) opened at $75.12 on Friday. Columbia Sportswear has a 12-month low of $51.56 and a 12-month high of $79.21. The firm has a market capitalization of $5,201.61, a PE ratio of 50.42, a PEG ratio of 2.39 and a beta of 0.95.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, February 8th. The textile maker reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.16. Columbia Sportswear had a return on equity of 12.73% and a net margin of 4.26%. The firm had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $762.18 million. During the same period in the previous year, the firm earned $1.20 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. analysts predict that Columbia Sportswear will post 3.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Friday, March 9th will be issued a $0.22 dividend. The ex-dividend date is Thursday, March 8th. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a yield of 1.17%. Columbia Sportswear’s payout ratio is currently 51.01%.
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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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