Columbia Sportswear Company (COLM) Position Raised by State Street Corp
State Street Corp boosted its position in Columbia Sportswear Company (NASDAQ:COLM) by 8.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 538,316 shares of the textile maker’s stock after purchasing an additional 43,315 shares during the period. State Street Corp owned about 0.77% of Columbia Sportswear worth $31,254,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Columbia Sportswear in the 1st quarter valued at about $114,000. Creative Planning lifted its stake in Columbia Sportswear by 2.6% in the 2nd quarter. Creative Planning now owns 2,826 shares of the textile maker’s stock valued at $164,000 after purchasing an additional 72 shares during the last quarter. Advisor Group Inc. lifted its stake in Columbia Sportswear by 11.2% in the 2nd 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 last quarter. US Bancorp DE lifted its stake in Columbia Sportswear by 36.1% in the 2nd 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 last quarter. Finally, Capital Investment Counsel Inc acquired a new stake in Columbia Sportswear in the 2nd quarter valued at about $207,000. Institutional investors and hedge funds own 39.18% of the company’s stock.
Several equities research analysts recently issued reports on COLM shares. Cowen and Company set a $58.00 target price on shares of Columbia Sportswear and gave the company a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Buckingham Research reiterated a “neutral” rating and issued a $58.00 target price on shares of Columbia Sportswear in a research note on Monday, July 17th. Robert W. Baird reiterated a “buy” rating and issued a $68.00 target price on shares of Columbia Sportswear in a research note on Sunday, September 17th. Finally, Canaccord Genuity reiterated a “neutral” rating on shares of Columbia Sportswear in a research note on Wednesday, July 26th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $64.92.
Shares of Columbia Sportswear Company (NASDAQ COLM) opened at $62.52 on Friday. The stock has a market cap of $4,341.43, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 2.36 and a beta of 0.85. Columbia Sportswear Company has a 1 year low of $51.56 and a 1 year high of $67.60.
Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, October 26th. The textile maker reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.10. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The company had revenue of $747.37 million for the quarter, compared to analysts’ expectations of $735.67 million. During the same period last year, the firm earned $1.18 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. equities research analysts forecast that Columbia Sportswear Company will post 2.71 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 15th. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 1.22%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 25.81%.
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In other news, Director Edward S. George sold 6,664 shares of the firm’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 transaction, the director now directly owns 8,664 shares of the company’s stock, valued at $492,981.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Malia H. Wasson sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $61.68, for a total transaction of $55,512.00. Following the transaction, the director now directly owns 1,089 shares in the company, valued at $67,169.52. The disclosure for this sale can be found here. 58.86% of the stock is currently owned by company insiders.
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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