Prudential PLC maintained its position in Columbia Sportswear Company (NASDAQ:COLM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,486 shares of the textile maker’s stock at the close of the 2nd quarter. Prudential PLC owned about 0.20% of Columbia Sportswear worth $8,273,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marshall Wace North America L.P. bought a new position in shares of Columbia Sportswear during the second quarter valued at $3,918,000. Vanguard Group Inc. lifted its holdings in shares of Columbia Sportswear by 31.7% during the first quarter. Vanguard Group Inc. now owns 2,774,168 shares of the textile maker’s stock valued at $162,982,000 after purchasing an additional 667,856 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Columbia Sportswear by 6.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 197,865 shares of the textile maker’s stock valued at $11,625,000 after purchasing an additional 12,355 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Columbia Sportswear by 8.7% during the second quarter. JPMorgan Chase & Co. now owns 1,640,985 shares of the textile maker’s stock valued at $95,276,000 after purchasing an additional 131,329 shares in the last quarter. Finally, Gotham Asset Management LLC bought a new position in shares of Columbia Sportswear during the first quarter valued at $5,195,000. 38.92% of the stock is currently owned by hedge funds and other institutional investors.
In other Columbia Sportswear news, Director Edward S. George sold 6,664 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $56.90, for a total transaction of $379,181.60. Following the sale, the director now owns 8,664 shares in the company, valued at approximately $492,981.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 58.86% of the stock is currently owned by insiders.
Columbia Sportswear Company (COLM) opened at 62.62 on Friday. The company has a market cap of $4.37 billion, a P/E ratio of 22.83 and a beta of 0.82. Columbia Sportswear Company has a 12-month low of $51.56 and a 12-month high of $63.55. The firm has a 50-day moving average price of $58.63 and a 200-day moving average price of $57.50.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, July 27th. The textile maker reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.03. The business had revenue of $398.90 million for the quarter, compared to the consensus estimate of $394.53 million. Columbia Sportswear had a return on equity of 12.31% and a net margin of 8.01%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.12) EPS. On average, analysts forecast that Columbia Sportswear Company will post $2.80 earnings per share for the current fiscal year.
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A number of research analysts have recently issued reports on the company. Canaccord Genuity reaffirmed a “neutral” rating on shares of Columbia Sportswear in a report on Wednesday, July 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $60.00 price target on shares of Columbia Sportswear in a report on Wednesday. Zacks Investment Research raised Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 price target on shares of Columbia Sportswear in a report on Sunday, September 17th. Finally, Pivotal Research assumed coverage on Columbia Sportswear in a report on Thursday. They set a “buy” rating and a $72.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $64.46.
About Columbia Sportswear
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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