Columbia Sportswear Company (COLM) Holdings Reduced by Prudential Financial Inc.
Prudential Financial Inc. trimmed its position in shares of Columbia Sportswear Company (NASDAQ:COLM) by 25.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,813 shares of the textile maker’s stock after selling 1,330 shares during the quarter. Prudential Financial Inc.’s holdings in Columbia Sportswear were worth $235,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ameritas Investment Partners Inc. boosted its stake in shares of Columbia Sportswear by 10.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock valued at $149,000 after purchasing an additional 234 shares during the period. Advisor Group Inc. boosted its stake in shares of Columbia Sportswear by 11.2% during the second quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock valued at $195,000 after purchasing an additional 339 shares during the period. US Bancorp DE boosted its stake in shares of Columbia Sportswear by 36.1% during the second quarter. US Bancorp DE now owns 3,564 shares of the textile maker’s stock valued at $207,000 after purchasing an additional 946 shares during the period. Capital Investment Counsel Inc purchased a new stake in shares of Columbia Sportswear during the second quarter valued at $207,000. Finally, Amalgamated Bank purchased a new stake in shares of Columbia Sportswear during the second quarter valued at $214,000. 39.13% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on COLM. Pivotal Research reissued a “buy” rating and set a $74.00 target price (up from $72.00) on shares of Columbia Sportswear in a research note on Friday, October 27th. Stifel Nicolaus restated a “hold” rating and issued a $60.00 price objective on shares of Columbia Sportswear in a report on Wednesday, October 4th. Goldman Sachs Group downgraded Columbia Sportswear from a “buy” rating to a “neutral” rating and set a $78.00 price objective for the company. in a report on Tuesday. Zacks Investment Research upgraded Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Finally, B. Riley restated a “buy” rating on shares of Columbia Sportswear in a report on Wednesday, November 1st. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $66.21.
Shares of Columbia Sportswear Company (NASDAQ:COLM) opened at $68.21 on Wednesday. The firm has a market capitalization of $4,771.17, a PE ratio of 24.47, a P/E/G ratio of 2.60 and a beta of 0.89. Columbia Sportswear Company has a fifty-two week low of $51.56 and a fifty-two week high of $71.65.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.10. The firm had revenue of $747.37 million during the quarter, compared to the consensus estimate of $735.67 million. Columbia Sportswear had a return on equity of 12.30% and a net margin of 8.18%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $1.18 earnings per share. equities analysts forecast that Columbia Sportswear Company will post 2.71 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, November 15th. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 1.11%. Columbia Sportswear’s payout ratio is currently 27.24%.
In other Columbia Sportswear news, Director Walter Klenz sold 11,608 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $66.05, for a total value of $766,708.40. Following the completion of the transaction, the director now directly owns 21,619 shares in the company, valued at $1,427,934.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Malia H. Wasson sold 900 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $61.68, for a total transaction of $55,512.00. Following the completion of the transaction, the director now owns 1,089 shares of the company’s stock, valued at $67,169.52. The disclosure for this sale can be found here. Insiders own 58.86% of the company’s stock.
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Columbia Sportswear Profile
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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