Quantamental Technologies LLC bought a new position in shares of Columbia Sportswear (NASDAQ:COLM) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,412 shares of the textile maker’s stock, valued at approximately $355,000.
A number of other institutional investors and hedge funds have also made changes to their positions in COLM. Murphy Pohlad Asset Management LLC purchased a new stake in Columbia Sportswear during the fourth quarter worth about $42,000. Quadrant Capital Group LLC purchased a new stake in shares of Columbia Sportswear during the first quarter worth approximately $61,000. CENTRAL TRUST Co purchased a new stake in shares of Columbia Sportswear during the fourth quarter worth approximately $145,000. Whittier Trust Co. purchased a new stake in shares of Columbia Sportswear during the first quarter worth approximately $156,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Columbia Sportswear during the fourth quarter worth approximately $176,000. 37.66% of the stock is currently owned by institutional investors.
NASDAQ:COLM traded up $0.48 during trading hours on Friday, hitting $97.12. The company’s stock had a trading volume of 222,151 shares, compared to its average volume of 376,723. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 2.42 and a beta of 0.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.33 and a current ratio of 3.41. Columbia Sportswear has a 52-week low of $80.03 and a 52-week high of $109.74.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, April 25th. The textile maker reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.23. Columbia Sportswear had a return on equity of 17.89% and a net margin of 10.43%. The firm had revenue of $654.61 million during the quarter, compared to analysts’ expectations of $646.77 million. During the same quarter in the prior year, the business posted $0.77 earnings per share. Columbia Sportswear’s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Columbia Sportswear will post 4.55 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Wednesday, May 15th. Columbia Sportswear’s payout ratio is currently 23.94%.
In related news, EVP Joseph P. Boyle sold 13,013 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $106.00, for a total transaction of $1,379,378.00. Following the sale, the executive vice president now owns 2,313,048 shares of the company’s stock, valued at $245,183,088. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Murrey R. Albers sold 11,608 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was 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 directly owns 39,350 shares in the company, valued at $3,829,542. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,621 shares of company stock worth $4,093,630. Corporate insiders own 56.57% of the company’s stock.
A number of equities analysts recently issued reports on COLM shares. Zacks Investment Research raised Columbia Sportswear from a “hold” rating to a “strong-buy” rating and set a $107.00 price target for the company in a report on Thursday, February 7th. Pivotal Research reaffirmed a “buy” rating and issued a $112.00 price target (up from $107.00) on shares of Columbia Sportswear in a report on Tuesday, February 5th. Canaccord Genuity set a $107.00 price target on Columbia Sportswear and gave the company a “hold” rating in a report on Friday, April 26th. BidaskClub raised Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. Finally, DA Davidson increased their price objective on Columbia Sportswear to $116.00 and gave the company a “buy” rating in a report on Friday, February 8th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $108.93.
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About Columbia Sportswear
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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