Keybank National Association OH boosted its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 14.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,400 shares of the textile maker’s stock after purchasing an additional 3,375 shares during the quarter. Keybank National Association OH’s holdings in Columbia Sportswear were worth $1,898,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Nationwide Fund Advisors raised its stake in Columbia Sportswear by 3.7% during the 2nd quarter. Nationwide Fund Advisors now owns 16,454 shares of the textile maker’s stock valued at $955,000 after acquiring an additional 591 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Columbia Sportswear by 31.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,049 shares of the textile maker’s stock valued at $932,000 after acquiring an additional 3,877 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Columbia Sportswear by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 717,052 shares of the textile maker’s stock valued at $41,631,000 after acquiring an additional 6,371 shares in the last quarter. Voya Investment Management LLC raised its stake in Columbia Sportswear by 14.5% during the 2nd quarter. Voya Investment Management LLC now owns 13,082 shares of the textile maker’s stock valued at $760,000 after acquiring an additional 1,660 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Columbia Sportswear by 4.1% during the 2nd quarter. Stifel Financial Corp now owns 4,122 shares of the textile maker’s stock valued at $240,000 after acquiring an additional 162 shares in the last quarter. Institutional investors and hedge funds own 37.67% of the company’s stock.
Several analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating on shares of Columbia Sportswear in a research note on Wednesday, November 1st. Zacks Investment Research downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Pivotal Research reaffirmed a “buy” rating and set a $85.00 target price (up previously from $74.00) on shares of Columbia Sportswear in a research note on Wednesday, February 7th. Canaccord Genuity set a $70.00 target price on Columbia Sportswear and gave the company a “hold” rating in a research note on Thursday, February 8th. Finally, Citigroup boosted their price objective on Columbia Sportswear from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $76.87.
Shares of Columbia Sportswear (COLM) opened at $74.70 on Tuesday. Columbia Sportswear has a 12 month low of $51.56 and a 12 month high of $79.21. The company has a market capitalization of $5,220.00, a price-to-earnings ratio of 26.12, a PEG ratio of 2.40 and a beta of 0.95.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, February 8th. The textile maker reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.16. Columbia Sportswear had a return on equity of 12.73% and a net margin of 4.26%. The company had revenue of $776.00 million for the quarter, compared to the consensus estimate of $762.18 million. During the same quarter in the previous year, the business earned $1.20 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. sell-side analysts anticipate that Columbia Sportswear will post 3.25 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Friday, March 9th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.19. Columbia Sportswear’s payout ratio is currently 26.57%.
In other news, Director Edward S. George sold 11,608 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $76.52, for a total transaction of $888,244.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Franco Fogliato sold 9,252 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $72.97, for a total value of $675,118.44. Following the sale, the executive vice president now directly owns 16,806 shares in the company, valued at $1,226,333.82. The disclosure for this sale can be found here. 58.86% of the stock is owned by insiders.
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Columbia Sportswear Company 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.
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