Columbia Sportswear Company (COLM) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp reduced its stake in Columbia Sportswear Company (NASDAQ:COLM) by 20.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,656 shares of the textile maker’s stock after selling 10,590 shares during the period. King Luther Capital Management Corp owned 0.06% of Columbia Sportswear worth $2,504,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of COLM. Creative Planning increased its stake in Columbia Sportswear by 2.6% in the second quarter. Creative Planning now owns 2,826 shares of the textile maker’s stock valued at $164,000 after purchasing an additional 72 shares in the last quarter. Aperio Group LLC increased its position in shares of Columbia Sportswear by 8.2% during the second quarter. Aperio Group LLC now owns 7,611 shares of the textile maker’s stock worth $442,000 after acquiring an additional 576 shares in the last quarter. US Bancorp DE increased its position in shares of 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 in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Columbia Sportswear by 3.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 204,514 shares of the textile maker’s stock worth $11,875,000 after acquiring an additional 6,649 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Columbia Sportswear by 6.4% during the second quarter. First Trust Advisors LP now owns 35,154 shares of the textile maker’s stock worth $2,041,000 after acquiring an additional 2,125 shares in the last quarter. 39.13% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Walter Klenz sold 11,608 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $66.05, for a total transaction of $766,708.40. Following the transaction, the director now directly owns 21,619 shares in the company, valued at $1,427,934.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Malia H. Wasson sold 900 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $61.68, for a total transaction of $55,512.00. Following the transaction, the director now owns 1,089 shares in the company, valued at $67,169.52. The disclosure for this sale can be found here. 58.86% of the stock is currently owned by insiders.

Several equities research analysts have recently commented on the stock. DA Davidson set a $77.00 target price on shares of Columbia Sportswear and gave the stock a “buy” rating in a research report on Tuesday. B. Riley reissued a “buy” rating on shares of Columbia Sportswear in a research report on Wednesday, November 1st. Canaccord Genuity set a $60.00 target price on shares of Columbia Sportswear and gave the stock a “hold” rating in a research report on Friday, October 27th. Citigroup boosted their target price on shares of Columbia Sportswear from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, Stifel Nicolaus boosted their target price on shares of Columbia Sportswear from $60.00 to $62.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $65.31.

Columbia Sportswear Company (COLM) opened at $69.58 on Friday. Columbia Sportswear Company has a twelve month low of $51.56 and a twelve month high of $71.65. The firm has a market cap of $4,862.71, a PE ratio of 24.94, a P/E/G ratio of 2.65 and a beta of 0.89.

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 the consensus estimate of $1.15 by $0.10. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The business had revenue of $747.37 million for the quarter, compared to analysts’ expectations of $735.67 million. During the same period in the previous year, the company earned $1.18 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. analysts forecast that Columbia Sportswear Company will post 2.71 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, November 15th. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 1.09%. Columbia Sportswear’s payout ratio is 27.24%.

WARNING: “Columbia Sportswear Company (COLM) Shares Sold by King Luther Capital Management Corp” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://www.dispatchtribunal.com/2017/12/08/columbia-sportswear-company-colm-shares-sold-by-king-luther-capital-management-corp.html.

Columbia Sportswear Profile

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.

Want to see what other hedge funds are holding COLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbia Sportswear Company (NASDAQ:COLM).

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

Receive News & Ratings for Columbia Sportswear Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Sportswear Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply