Greenwood Capital Associates LLC trimmed its position in shares of Columbia Sportswear (NASDAQ:COLM) by 4.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,538 shares of the textile maker’s stock after selling 166 shares during the period. Greenwood Capital Associates LLC’s holdings in Columbia Sportswear were worth $369,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Brasada Capital Management LP raised its stake in shares of Columbia Sportswear by 4.4% during the fourth quarter. Brasada Capital Management LP now owns 5,429 shares of the textile maker’s stock valued at $457,000 after acquiring an additional 229 shares during the last quarter. Amalgamated Bank raised its stake in shares of Columbia Sportswear by 4.9% during the fourth quarter. Amalgamated Bank now owns 5,856 shares of the textile maker’s stock valued at $492,000 after acquiring an additional 276 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Columbia Sportswear by 2.2% during the third quarter. Legal & General Group Plc now owns 13,842 shares of the textile maker’s stock valued at $1,289,000 after acquiring an additional 292 shares during the last quarter. Harfst & Associates Inc. raised its stake in shares of Columbia Sportswear by 7.6% during the fourth quarter. Harfst & Associates Inc. now owns 6,794 shares of the textile maker’s stock valued at $571,000 after acquiring an additional 478 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Columbia Sportswear by 18.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,015 shares of the textile maker’s stock valued at $254,000 after acquiring an additional 479 shares during the last quarter. 37.99% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently commented on COLM. Zacks Investment Research raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research note on Monday, April 29th. BidaskClub downgraded shares of Columbia Sportswear from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. Pivotal Research reaffirmed a “buy” rating and set a $117.00 price objective (up from $112.00) on shares of Columbia Sportswear in a research note on Tuesday, April 23rd. Canaccord Genuity set a $107.00 price target on shares of Columbia Sportswear and gave the company a “hold” rating in a research report on Friday, April 26th. Finally, DA Davidson boosted their price target on shares of Columbia Sportswear to $116.00 and gave the company a “buy” rating in a research report on Friday, February 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Columbia Sportswear has an average rating of “Buy” and a consensus target price of $108.93.
Shares of NASDAQ COLM opened at $96.40 on Friday. Columbia Sportswear has a 1 year low of $80.03 and a 1 year high of $109.74. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.17 and a current ratio of 3.41. The stock has a market cap of $6.61 billion, a P/E ratio of 24.04, a P/E/G ratio of 2.38 and a beta of 0.64.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, April 25th. The textile maker reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.23. Columbia Sportswear had a net margin of 10.43% and a return on equity of 17.89%. The company had revenue of $654.61 million for the quarter, compared to analysts’ expectations of $646.77 million. During the same quarter in the previous year, the company earned $0.77 earnings per share. Columbia Sportswear’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities analysts predict that Columbia Sportswear will post 4.55 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Wednesday, May 15th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 23.94%.
In other Columbia Sportswear news, EVP Joseph P. Boyle sold 566 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $106.00, for a total value of $59,996.00. Following the sale, the executive vice president now owns 2,301,492 shares in the company, valued at $243,958,152. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Franco Fogliato sold 8,893 shares of the company’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $107.60, for a total transaction of $956,886.80. Following the completion of the sale, the executive vice president now owns 16,944 shares in the company, valued at approximately $1,823,174.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,332 shares of company stock worth $9,708,797. Corporate insiders own 56.68% of the company’s stock.
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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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