Guggenheim Capital LLC Takes $1.31 Million Position in Columbia Sportswear (COLM)

Guggenheim Capital LLC purchased a new stake in shares of Columbia Sportswear (NASDAQ:COLM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,258 shares of the textile maker’s stock, valued at approximately $1,312,000.

Several other large investors also recently modified their holdings of the company. Advisory Services Network LLC boosted its position in shares of Columbia Sportswear by 1,788.8% during the fourth quarter. Advisory Services Network LLC now owns 2,021 shares of the textile maker’s stock valued at $145,000 after buying an additional 1,914 shares during the last quarter. Martingale Asset Management L P purchased a new stake in shares of Columbia Sportswear during the fourth quarter valued at $202,000. Sawgrass Asset Management LLC purchased a new stake in shares of Columbia Sportswear during the fourth quarter valued at $248,000. Bessemer Group Inc. purchased a new stake in shares of Columbia Sportswear during the fourth quarter valued at $259,000. Finally, Wedbush Securities Inc. purchased a new stake in shares of Columbia Sportswear during the fourth quarter valued at $274,000. Hedge funds and other institutional investors own 38.94% of the company’s stock.

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In other Columbia Sportswear news, EVP Franco Fogliato sold 9,252 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $72.97, for a total value of $675,118.44. Following the transaction, the executive vice president now directly owns 16,806 shares of the company’s stock, valued at $1,226,333.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward S. George sold 11,608 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $76.52, for a total value of $888,244.16. The disclosure for this sale can be found here. Insiders sold 95,838 shares of company stock worth $7,405,059 over the last three months. Insiders own 58.86% of the company’s stock.

Shares of NASDAQ:COLM opened at $78.97 on Monday. The stock has a market capitalization of $5,529.24, a price-to-earnings ratio of 26.50, a PEG ratio of 2.39 and a beta of 0.89. Columbia Sportswear has a 52-week low of $51.56 and a 52-week high of $83.13.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, February 8th. The textile maker reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.16. The business had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $762.18 million. Columbia Sportswear had a return on equity of 12.65% and a net margin of 4.26%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $1.20 earnings per share. equities analysts anticipate that Columbia Sportswear will post 3.25 EPS for the current fiscal year.

Several equities research analysts recently commented on the company. Zacks Investment Research cut Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub cut Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 17th. B. Riley increased their price objective on Columbia Sportswear from $76.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Canaccord Genuity set a $70.00 price objective on Columbia Sportswear and gave the company a “hold” rating in a research report on Thursday, February 8th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $85.00 price objective (up from $74.00) on shares of Columbia Sportswear in a research report on Wednesday, February 7th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Columbia Sportswear currently has a consensus rating of “Buy” and a consensus price target of $77.57.

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Columbia Sportswear Profile

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.

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

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