Los Angeles Capital Management LLC Makes New Investment in Columbia Sportswear (NASDAQ:COLM)

Los Angeles Capital Management LLC bought a new position in Columbia Sportswear (NASDAQ:COLMGet Rating) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 233,843 shares of the textile maker’s stock, valued at approximately $21,170,000. Los Angeles Capital Management LLC owned about 0.37% of Columbia Sportswear as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Exchange Traded Concepts LLC purchased a new stake in Columbia Sportswear in the 1st quarter valued at about $31,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Columbia Sportswear in the 4th quarter worth approximately $43,000. Nisa Investment Advisors LLC acquired a new position in shares of Columbia Sportswear in the 1st quarter worth approximately $195,000. Versor Investments LP acquired a new position in shares of Columbia Sportswear in the 1st quarter worth approximately $267,000. Finally, CENTRAL TRUST Co lifted its holdings in shares of Columbia Sportswear by 93.4% in the 4th quarter. CENTRAL TRUST Co now owns 3,019 shares of the textile maker’s stock worth $294,000 after acquiring an additional 1,458 shares during the last quarter. 48.65% of the stock is owned by institutional investors and hedge funds.

Columbia Sportswear Trading Up 1.4 %

Shares of NASDAQ:COLM opened at $74.87 on Friday. Columbia Sportswear has a 52 week low of $68.29 and a 52 week high of $107.50. The company’s 50 day moving average is $74.50 and its two-hundred day moving average is $83.37. The company has a market cap of $4.71 billion, a PE ratio of 14.83, a P/E/G ratio of 1.76 and a beta of 0.89.

Columbia Sportswear (NASDAQ:COLMGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The textile maker reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Columbia Sportswear had a net margin of 10.13% and a return on equity of 17.87%. The company had revenue of $578.06 million for the quarter, compared to the consensus estimate of $592.35 million. During the same period in the prior year, the firm posted $0.61 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts expect that Columbia Sportswear will post 5.18 EPS for the current year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, August 16th. Columbia Sportswear’s dividend payout ratio is presently 23.76%.

Analyst Ratings Changes

Several brokerages have recently commented on COLM. Cowen decreased their price objective on shares of Columbia Sportswear from $116.00 to $100.00 in a report on Friday, May 13th. Stifel Nicolaus decreased their price objective on shares of Columbia Sportswear from $100.00 to $81.00 in a report on Wednesday, July 20th. UBS Group decreased their price objective on shares of Columbia Sportswear from $83.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, July 28th. StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Friday. Finally, Robert W. Baird decreased their price objective on shares of Columbia Sportswear from $85.00 to $82.00 and set a “neutral” rating on the stock in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $89.38.

Columbia Sportswear Company Profile

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Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.

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

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