Columbia sportswear

Strs Ohio owns $1.14 million in Columbia Sportswear (NASDAQ:COLM)


Strs Ohio cut its stake in Columbia Sportswear (NASDAQ:COLM – Get Rating) by 24.5% in the first quarter, Holdings Channel.com reports. The institutional investor held 12,578 shares of the textile maker after selling 4,071 shares during the quarter. Strs Ohio’s holdings in Columbia Sportswear were worth $1,138,000 when it last filed with the SEC.

Several other major investors have also recently changed their positions in the company. Atlanta Capital Management Co. LLC raised its position in Columbia Sportswear shares 3.5% in the fourth quarter. Atlanta Capital Management Co. LLC now owns 3,104,900 shares of the textile maker worth $302,541,000 after buying 104,451 additional shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Columbia Sportswear by 36.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,374,952 shares of the textile maker worth $133,975,000 after buying an additional 366,034 shares during the period. Boston Trust Walden Corp increased its stake in shares of Columbia Sportswear by 64.9% in the first quarter. Boston Trust Walden Corp now owns 965,434 shares of the textile maker worth $87,401,000 after buying an additional 380,140 shares during the period. State Street Corp increased its stake in shares of Columbia Sportswear by 2.7% in the fourth quarter. State Street Corp now owns 930,428 shares of the textile maker worth $90,661,000 after buying an additional 24,224 shares during the period. Finally, Ceredex Value Advisors LLC increased its stake in Columbia Sportswear shares by 6.4% in the fourth quarter. Ceredex Value Advisors LLC now owns 709,062 shares of the textile maker worth $69,091,000 after buying an additional 42,412 shares during the period. 48.65% of the shares are held by institutional investors.

COLM stock opened at $73.85 on Thursday. 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 $4.64 billion, a P/E ratio of 13.31, a P/E/G ratio of 1.50 and a beta of 0.91. The company’s 50-day moving average is $75.18 and its 200-day moving average is $85.75.

Columbia Sportswear (NASDAQ:COLM – Get Rating) last announced its results on Thursday, April 28. The textile maker reported EPS of $1.03 for the quarter, beating the consensus estimate of $0.86 by $0.17. The company posted revenue of $761.50 million for the quarter, versus a consensus estimate of $762.88 million. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. Columbia Sportswear revenue increased 21.7% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $0.84. On average, research analysts expect Columbia Sportswear to post earnings per share of 5.88 for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 2. Shareholders of record on Thursday, May 19 received a dividend of $0.30 per share. This represents an annualized dividend of $1.20 and a yield of 1.62%. The ex-dividend date was Wednesday, May 18. Columbia Sportswear’s dividend payout ratio is 21.62%.

In other Columbia Sportswear news, Director Ronald E. Nelson sold 3,706 shares of the company in a trade Thursday, May 5. The shares were sold at an average price of $80.16, for a total transaction of $297,072.96. Following the completion of the sale, 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, accessible via this hyperlink. Additionally, director Stephen E. Babson sold 2,568 shares of the company in a trade on Tuesday, May 3. The shares were sold at an average price of $81.14, for a total transaction of $208,367.52. Following the sale, the director now owns 112,627 shares of the company, valued at approximately $9,138,554.78. The disclosure of this sale can be found here. 42.37% of the shares are currently held by company insiders.

A number of research companies have recently commented on COLM. TheStreet lowered 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. Cowen lowered his price target on 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 note. Finally, Robert W. Baird lowered his price target on Columbia Sportswear from $110.00 to $100.00 in a Friday, April 29 research note. One research analyst has assigned the stock a sell rating, four have issued a hold rating and four have assigned the stock a buy rating. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $103.43.

Columbia Sportswear Company Profile (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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Want to see which other hedge funds hold COLM? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Columbia Sportswear (NASDAQ:COLM – Get Rating).

Institutional ownership by quarter for Columbia Sportswear (NASDAQ:COLM)



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