American Century Companies Inc. lessened its position in shares of Columbia Sportswear Company (NASDAQ:COLM) by 8.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 529,263 shares of the textile maker’s stock after selling 47,723 shares during the period. American Century Companies Inc. owned 0.76% of Columbia Sportswear worth $32,592,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in COLM. UBS Asset Management Americas Inc. raised its stake in Columbia Sportswear by 53.3% during the first quarter. UBS Asset Management Americas Inc. now owns 12,172 shares of the textile maker’s stock worth $715,000 after buying an additional 4,232 shares during the last quarter. Prudential Financial Inc. increased its stake in Columbia Sportswear by 6.6% in the first quarter. Prudential Financial Inc. now owns 4,868 shares of the textile maker’s stock valued at $286,000 after purchasing an additional 300 shares in the last quarter. SG Americas Securities LLC bought a new stake in Columbia Sportswear in the first quarter valued at $114,000. Teachers Advisors LLC increased its stake in Columbia Sportswear by 0.6% in the first quarter. Teachers Advisors LLC now owns 230,158 shares of the textile maker’s stock valued at $13,522,000 after purchasing an additional 1,424 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Columbia Sportswear by 9.9% in the first quarter. Legal & General Group Plc now owns 9,881 shares of the textile maker’s stock valued at $581,000 after purchasing an additional 887 shares in the last quarter. 39.21% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on COLM shares. Cowen and Company set a $58.00 price target on shares of Columbia Sportswear and gave the company a “hold” rating in a research note on Monday, August 21st. Robert W. Baird reaffirmed a “buy” rating and issued a $68.00 price target on shares of Columbia Sportswear in a research note on Sunday, September 17th. Zacks Investment Research raised shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Pivotal Research started coverage on shares of Columbia Sportswear in a research note on Thursday, October 5th. They issued a “buy” rating and a $72.00 price target for the company. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 price target on shares of Columbia Sportswear in a research note on Wednesday, October 4th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $64.92.
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Columbia Sportswear Company (NASDAQ:COLM) opened at $62.81 on Tuesday. The stock has a market cap of $4,368.68, a PE ratio of 22.41, a PEG ratio of 2.38 and a beta of 0.85. Columbia Sportswear Company has a twelve month low of $51.56 and a twelve month high of $67.60.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. The firm had revenue of $747.37 million during the quarter, compared to analysts’ expectations of $735.67 million. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The business’s revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $1.18 earnings per share. equities research analysts expect that Columbia Sportswear Company will post 2.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 15th. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 1.21%. Columbia Sportswear’s payout ratio is 25.81%.
In related news, Director Malia H. Wasson sold 900 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $61.68, for a total transaction of $55,512.00. Following the transaction, the director now directly owns 1,089 shares in the company, valued at $67,169.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the director now owns 8,664 shares in the company, valued at $492,981.60. The disclosure for this sale can be found here. 58.86% of the stock is currently owned by insiders.
Columbia Sportswear 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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