Northern Trust Corp increased its stake in shares of Columbia Sportswear Company (NASDAQ:COLM) by 3.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 505,209 shares of the textile maker’s stock after acquiring an additional 14,770 shares during the period. Northern Trust Corp owned about 0.73% of Columbia Sportswear worth $29,333,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of COLM. SG Americas Securities LLC acquired a new stake in Columbia Sportswear during the first quarter worth about $114,000. Ameritas Investment Partners Inc. acquired a new stake in Columbia Sportswear during the first quarter worth about $137,000. Creative Planning grew its holdings in Columbia Sportswear by 2.6% during the second quarter. Creative Planning now owns 2,826 shares of the textile maker’s stock worth $164,000 after acquiring an additional 72 shares during the period. US Bancorp DE grew its holdings in Columbia Sportswear by 36.1% during the second quarter. US Bancorp DE now owns 3,564 shares of the textile maker’s stock worth $207,000 after acquiring an additional 946 shares during the period. Finally, Capital Investment Counsel Inc acquired a new stake in Columbia Sportswear during the second quarter worth about $207,000. 38.65% of the stock is currently owned by hedge funds and other institutional investors.
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In related news, Director Edward S. George sold 6,664 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $56.90, for a total value of $379,181.60. Following the sale, the director now owns 8,664 shares in the company, valued at approximately $492,981.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 58.86% of the company’s stock.
Columbia Sportswear Company (COLM) opened at 65.14 on Friday. The stock has a market cap of $4.54 billion, a P/E ratio of 23.75 and a beta of 0.82. Columbia Sportswear Company has a 52-week low of $51.56 and a 52-week high of $67.60. The stock has a 50 day moving average price of $60.21 and a 200 day moving average price of $57.79.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.10. The business had revenue of $747.37 million for the quarter, compared to analysts’ expectations of $735.67 million. Columbia Sportswear had a return on equity of 12.45% and a net margin of 8.18%. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. On average, equities research analysts forecast that Columbia Sportswear Company will post $2.79 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.17%. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.18. Columbia Sportswear’s dividend payout ratio is currently 25.81%.
Several analysts recently commented on COLM shares. Pivotal Research started coverage on Columbia Sportswear in a report on Thursday, October 5th. They set a “buy” rating and a $72.00 target price on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 target price on shares of Columbia Sportswear in a report on Sunday, September 17th. FBR & Co reaffirmed a “buy” rating and set a $68.00 target price on shares of Columbia Sportswear in a report on Friday. Citigroup Inc. increased their price target on Columbia Sportswear from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Zacks Investment Research upgraded Columbia Sportswear from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Columbia Sportswear currently has a consensus rating of “Buy” and a consensus price target of $64.92.
About Columbia Sportswear
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
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