Vanguard Group Inc. grew its holdings in Columbia Sportswear (NASDAQ:COLM) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,275,641 shares of the textile maker’s stock after buying an additional 100,703 shares during the quarter. Vanguard Group Inc. owned 4.75% of Columbia Sportswear worth $304,864,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in COLM. Legal & General Group Plc raised its stake in shares of Columbia Sportswear by 27.9% in the 2nd quarter. Legal & General Group Plc now owns 13,550 shares of the textile maker’s stock valued at $1,239,000 after buying an additional 2,954 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Columbia Sportswear by 200.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,315 shares of the textile maker’s stock valued at $944,000 after buying an additional 6,885 shares in the last quarter. FMR LLC raised its stake in shares of Columbia Sportswear by 1.1% in the 2nd quarter. FMR LLC now owns 291,980 shares of the textile maker’s stock valued at $26,708,000 after buying an additional 3,283 shares in the last quarter. AMP Capital Investors Ltd acquired a new position in shares of Columbia Sportswear in the 2nd quarter valued at $816,000. Finally, Raymond James & Associates raised its stake in shares of Columbia Sportswear by 48.6% in the 2nd quarter. Raymond James & Associates now owns 21,640 shares of the textile maker’s stock valued at $1,979,000 after buying an additional 7,074 shares in the last quarter. Institutional investors own 36.86% of the company’s stock.

Shares of Columbia Sportswear stock opened at $82.55 on Monday. The stock has a market cap of $5.80 billion, a P/E ratio of 27.70, a PEG ratio of 1.90 and a beta of 0.72. Columbia Sportswear has a 12-month low of $70.36 and a 12-month high of $95.74.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, October 25th. The textile maker reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.14. The business had revenue of $795.80 million during the quarter, compared to analysts’ expectations of $791.25 million. Columbia Sportswear had a net margin of 5.56% and a return on equity of 15.43%. Analysts expect that Columbia Sportswear will post 3.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.16%. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.22. Columbia Sportswear’s dividend payout ratio (DPR) is 32.21%.

A number of equities analysts have recently issued reports on COLM shares. Pivotal Research increased their price objective on shares of Columbia Sportswear from $94.00 to $97.00 in a research note on Monday, October 29th. BidaskClub upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Citigroup increased their price objective on shares of Columbia Sportswear from $106.00 to $122.00 and gave the company a “buy” rating in a research note on Monday, December 3rd. DA Davidson upgraded shares of Columbia Sportswear from a “neutral” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Thursday, November 29th. Finally, Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and increased their target price for the stock from $93.00 to $103.00 in a research report on Friday, October 26th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Columbia Sportswear has a consensus rating of “Buy” and a consensus target price of $94.40.

In other Columbia Sportswear news, Director Sarah Bany sold 19,946 shares of the firm’s stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of $88.91, for a total value of $1,773,398.86. Following the completion of the sale, the director now owns 11,610 shares in the company, valued at approximately $1,032,245.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andy D. Bryant sold 13,274 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $91.75, for a total transaction of $1,217,889.50. Following the completion of the sale, the director now owns 42,060 shares of the company’s stock, valued at approximately $3,859,005. The disclosure for this sale can be found here. Company insiders own 56.68% of the company’s stock.

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About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active 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 various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.

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

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