Marshall Wace North America L.P. increased its position in shares of Columbia Sportswear (NASDAQ:COLM) by 726.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,536 shares of the textile maker’s stock after acquiring an additional 163,975 shares during the quarter. Marshall Wace North America L.P.’s holdings in Columbia Sportswear were worth $19,433,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Columbia Sportswear by 3.0% during the fourth quarter. BlackRock Inc. now owns 1,362,689 shares of the textile maker’s stock worth $114,588,000 after buying an additional 39,573 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Columbia Sportswear by 12.5% during the first quarter. Acadian Asset Management LLC now owns 1,178,817 shares of the textile maker’s stock worth $122,808,000 after buying an additional 130,710 shares in the last quarter. Norges Bank acquired a new position in Columbia Sportswear during the fourth quarter worth about $33,356,000. Geode Capital Management LLC raised its stake in Columbia Sportswear by 12.7% during the fourth quarter. Geode Capital Management LLC now owns 351,041 shares of the textile maker’s stock worth $29,519,000 after acquiring an additional 39,664 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in Columbia Sportswear by 30.9% during the fourth quarter. Two Sigma Advisers LP now owns 329,700 shares of the textile maker’s stock worth $27,724,000 after acquiring an additional 77,800 shares in the last quarter. Institutional investors and hedge funds own 37.42% of the company’s stock.
In related news, EVP Joseph P. Boyle sold 566 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $106.00, for a total value of $59,996.00. Following the sale, the executive vice president now directly owns 2,301,492 shares in the company, valued at $243,958,152. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Murrey R. Albers sold 11,608 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $97.32, for a total value of $1,129,690.56. Following the completion of the sale, the director now owns 39,350 shares in the company, valued at $3,829,542. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,237 shares of company stock worth $2,786,365. Company insiders own 56.57% of the company’s stock.
Several brokerages have commented on COLM. BidaskClub raised Columbia Sportswear from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. ValuEngine downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Zacks Investment Research raised Columbia Sportswear from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Monday, April 29th. Canaccord Genuity set a $107.00 target price on Columbia Sportswear and gave the stock a “hold” rating in a research note on Friday, April 26th. Finally, DA Davidson set a $129.00 target price on Columbia Sportswear and gave the stock a “buy” rating in a research note on Friday, April 26th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Columbia Sportswear has a consensus rating of “Buy” and a consensus target price of $108.93.
NASDAQ:COLM opened at $98.72 on Monday. The stock has a market cap of $6.74 billion, a PE ratio of 24.62, a PEG ratio of 2.43 and a beta of 0.69. The company has a current ratio of 3.41, a quick ratio of 2.33 and a debt-to-equity ratio of 0.20. Columbia Sportswear has a 1-year low of $80.03 and a 1-year high of $109.74.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, April 25th. The textile maker reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.23. The company had revenue of $654.61 million for the quarter, compared to analysts’ expectations of $646.77 million. Columbia Sportswear had a return on equity of 17.89% and a net margin of 10.43%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 earnings per share. As a group, sell-side analysts anticipate that Columbia Sportswear will post 4.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Wednesday, May 15th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 23.94%.
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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 and 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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