AE Wealth Management LLC bought a new stake in shares of Columbia Sportswear (NASDAQ:COLM – Get Rating) during Q1, according to the company in its latest filing with the Securities & Exchange Commission. The fund bought 4,140 shares of the textile maker, valued at around $375,000.
A number of other hedge funds have also recently increased or reduced their holdings in COLM. Bank of New York Mellon Corp increased its holdings of Columbia Sportswear shares by 8.4% during the third quarter. Bank of New York Mellon Corp now owns 337,831 shares of the textile maker worth $32,378,000 after acquiring an additional 26,309 shares during the period. The Alaska State Department of Revenue increased its stake in Columbia Sportswear by 41.4% in the fourth quarter. The Alaska State Department of Revenue now owns 11,070 shares of the textile maker worth $1,078,000 after buying 3,243 additional shares during the period. Kestra Advisory Services LLC increased its stake in Columbia Sportswear by 12.8% in the fourth quarter. Kestra Advisory Services LLC now owns 4,913 shares of the textile maker worth $479,000 after buying an additional 557 shares last quarter. Strs Ohio bought a new stake in shares of Columbia Sportswear during the 4th quarter at a value of $1,622,000. Finally, New York State Teachers Retirement System increased its position in Columbia Sportswear shares by 251.4% in the 4th quarter. The New York State Teachers’ Retirement System now owns 7,945 shares of the textile maker worth $774,000 after purchasing an additional 5,684 shares during the period. 48.65% of the shares are held by institutional investors.
In other news, Director Ronald E. Nelson sold 3,706 shares of Columbia Sportswear in a trade on Thursday, May 5. The shares were sold at an average price of $80.16, for a total transaction of $297,072.96. Following the transaction, the administrator now owns 14,402 shares of the company, valued at approximately $1,154,464.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, director Stephen E. Babson sold 2,568 shares of the company in a trade on Tuesday, May 3. The stock was sold at an average price of $81.14, for a total value of $208,367.52. Following completion of the transaction, the administrator now directly owns 112,627 shares of the company, valued at $9,138,554.78. The disclosure of this sale can be found here. 42.37% of the shares are currently held by insiders.
NASDAQ:COLM shares opened at $74.55 on Monday. Columbia Sportswear has a 1-year minimum of $68.29 and a 1-year maximum of $107.50. The company has a market capitalization of $4.69 billion, a P/E ratio of 13.43, a PEG ratio of 1.50 and a beta of 0.91. The stock’s fifty-day moving average price is $75.70 and its 200-day moving average price is $86.06.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its results on Thursday, April 28. The textile maker reported earnings per share (EPS) of $1.03 for the quarter, beating the consensus estimate of $0.86 by $0.17. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. The company posted revenue of $761.50 million for the quarter, compared to $762.88 million expected by analysts. In the same quarter of the previous year, the company had achieved EPS of $0.84. The company’s revenue for the quarter increased 21.7% compared to the same quarter last year. On average, sell-side analysts expect Columbia Sportswear to post 5.88 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 2. Shareholders of record on Thursday, May 19 received a dividend of $0.30. This represents a dividend of $1.20 on an annualized basis and a yield of 1.61%. The ex-dividend date was Wednesday, May 18. Columbia Sportswear’s dividend payout ratio (DPR) is currently 21.62%.
Several equity research analysts have recently commented on the stock. Cowen lowered his price target on shares of Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research note. Cowen lowered his price target on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research report. TheStreet downgraded Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 research note. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a Wednesday, July 6 research rating. Finally, Robert W. Baird reduced his target price on Columbia Sportswear from $110.00 to $100.00 in a Friday, April 29 research note. One financial analyst gave the stock a sell rating, four gave the stock a hold rating and four gave the stock a buy rating. According to data from MarketBeat.com, Columbia Sportswear currently has a consensus rating of “Hold” and a consensus target price of $103.43.
About Columbia Sportswear (Get a rating)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia- Pacific, Europe, Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.
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