Columbia Sportswear Company (COLM) Shares Bought by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA increased its position in Columbia Sportswear Company (NASDAQ:COLM) by 247.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,237 shares of the textile maker’s stock after acquiring an additional 3,017 shares during the period. BNP Paribas Arbitrage SA’s holdings in Columbia Sportswear were worth $246,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of COLM. Comerica Bank grew its holdings in Columbia Sportswear by 3.5% during the second quarter. Comerica Bank now owns 45,674 shares of the textile maker’s stock valued at $2,587,000 after purchasing an additional 1,534 shares during the period. Legal & General Group Plc grew its holdings in Columbia Sportswear by 4.8% during the second quarter. Legal & General Group Plc now owns 10,352 shares of the textile maker’s stock valued at $601,000 after purchasing an additional 471 shares during the period. Alps Advisors Inc. grew its holdings in Columbia Sportswear by 0.3% during the second quarter. Alps Advisors Inc. now owns 8,532 shares of the textile maker’s stock valued at $495,000 after purchasing an additional 22 shares during the period. Rhumbline Advisers grew its holdings in Columbia Sportswear by 9.0% during the second quarter. Rhumbline Advisers now owns 36,942 shares of the textile maker’s stock valued at $2,145,000 after purchasing an additional 3,039 shares during the period. Finally, Rice Hall James & Associates LLC bought a new stake in Columbia Sportswear during the second quarter valued at about $3,546,000. 38.92% of the stock is owned by institutional investors.
COLM has been the subject of several recent research reports. Cowen and Company set a $58.00 price target on Columbia Sportswear and gave the company a “hold” rating in a report on Monday, August 21st. Robert W. Baird reissued a “buy” rating and set a $68.00 price target on shares of Columbia Sportswear in a report on Sunday, September 17th. Zacks Investment Research raised Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Buckingham Research reissued a “neutral” rating and set a $58.00 price target on shares of Columbia Sportswear in a report on Monday, July 17th. Finally, Canaccord Genuity reissued a “neutral” rating on shares of Columbia Sportswear in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $63.83.
In other news, Director Edward S. George sold 6,664 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $56.90, for a total transaction of $379,181.60. Following the sale, the director now directly owns 8,664 shares in the company, valued at approximately $492,981.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 58.86% of the stock is owned by company insiders.
Columbia Sportswear Company (NASDAQ COLM) opened at 58.31 on Friday. The stock has a market capitalization of $4.07 billion, a P/E ratio of 21.26 and a beta of 0.81. The stock has a 50 day moving average price of $58.04 and a 200 day moving average price of $57.11. Columbia Sportswear Company has a 12 month low of $51.56 and a 12 month high of $63.55.
Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, July 27th. The textile maker reported ($0.17) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.03. Columbia Sportswear had a return on equity of 12.31% and a net margin of 8.01%. The firm had revenue of $398.90 million for the quarter, compared to analysts’ expectations of $394.53 million. During the same period last year, the firm earned ($0.12) EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Equities analysts predict that Columbia Sportswear Company will post $2.79 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Tuesday, August 15th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 26.47%.
Columbia Sportswear Company 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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