Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Columbia Sportswear (NASDAQ:COLM – Get Rating) by 16.3% during the first quarter, according to the company in its latest filing with the Securities & Exchange Commission. The company held 5,206 shares of the textile maker after buying an additional 730 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings of Columbia Sportswear were worth $471,000 at the end of the last reporting period.
Several other hedge funds have also recently bought and sold shares of COLM. Boston Trust Walden Corp increased its stake in shares of Columbia Sportswear by 64.9% in Q1. Boston Trust Walden Corp now owns 965,434 shares of the textile maker valued at $87,401,000 after buying an additional 380,140 shares during the period. JPMorgan Chase & Co. increased its stake in Columbia Sportswear shares by 36.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,374,952 shares of the textile maker valued at $133,975,000 after purchasing an additional 366,034 shares during the period. Marshall Wace LLP increased its stake in shares of Columbia Sportswear by 3,353.7% in the 4th quarter. Marshall Wace LLP now owns 236,719 shares of the textile maker valued at $23,065,000 after purchasing an additional 229,865 shares during the period. American Century Companies Inc. increased its position in Columbia Sportswear shares by 6,661.8% in the 4th quarter. American Century Companies Inc. now owns 227,806 shares of the textile maker valued at $22,197,000 after buying an additional 224,437 shares last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Columbia Sportswear in the 4th quarter at a value of $17,812,000. 48.65% of the shares are currently held by institutional investors.
Separately, director Ronald E. Nelson sold 3,706 shares of the company in a transaction dated Thursday, May 5. The stock was sold at an average price of $80.16, for a total value of $297,072.96. Following completion of 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 via this hyperlink. Additionally, director Stephen E. Babson sold 2,568 shares of the company in a trade dated Tuesday, May 3. The shares were sold at an average price of $81.14, for a total transaction of $208,367.52. Following the completion of the sale, the director now 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 held by insiders of the company.
A number of research companies have recently commented on COLM. Cowen lowered his price target on Columbia Sportswear shares from $116.00 to $100.00 in a Friday, May 13 research report. TheStreet reduced shares of Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 research report. Bank of America slashed Columbia Sportswear shares from a ‘neutral’ to an ‘underperforming’ rating and lowered its price target for the company from $108.00 to $80.00 in a research report Friday, April 29. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a Wednesday, July 6 report. Finally, Cowen lowered its target price on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 report. One equity research analyst gave the stock a sell rating, four gave the company a hold rating and four gave the company a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $103.43.
NASDAQ COLM shares opened at $73.29 on Friday. The stock has a market capitalization of $4.61 billion, a price/earnings ratio of 13.21, a PEG ratio of 1.50 and a beta of 0.91. The company has a 50-day moving average of $75.05 and a 200-day moving average of $85.60. Columbia Sportswear has a fifty-two week low of $68.29 and a fifty-two week high of $107.50.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last reported quarterly earnings data on Thursday, April 28. The textile maker reported earnings per share of $1.03 for the quarter, beating the consensus estimate of $0.86 by $0.17. The company posted revenue of $761.50 million in the quarter, compared to $762.88 million expected by analysts. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. Columbia Sportswear’s revenue for the quarter increased 21.7% compared to the same quarter last year. In the same quarter last year, the company achieved EPS of $0.84. On average, sell-side 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. This represents an annualized dividend of $1.20 and a dividend yield of 1.64%. The ex-dividend date was Wednesday, May 18. Columbia Sportswear’s payout ratio is 21.62%.
Profile 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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