Vise Technologies Inc. bought a new stake in Columbia Sportswear Company (NASDAQ:COLM – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,286 shares of the textile maker’s stock, valued at approximately $262,000.
Several other institutional investors have also bought and sold shares of the stock. Allianz Asset Management GmbH bought a new position in Columbia Sportswear during the 1st quarter valued at $2,800,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Columbia Sportswear during the first quarter valued at about $952,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Columbia Sportswear during the first quarter worth about $38,000. Oak Thistle LLC purchased a new position in Columbia Sportswear during the first quarter worth about $347,000. Finally, Legato Capital Management LLC grew its position in Columbia Sportswear by 63.6% in the 1st quarter. Legato Capital Management LLC now owns 15,712 shares of the textile maker’s stock worth $1,189,000 after purchasing an additional 6,109 shares in the last quarter. Institutional investors own 47.76% of the company’s stock.
Columbia Sportswear Stock Down 4.2%
NASDAQ COLM opened at $51.45 on Tuesday. The company’s 50 day moving average is $52.66 and its 200-day moving average is $57.41. Columbia Sportswear Company has a 12-month low of $47.47 and a 12-month high of $92.88. The firm has a market cap of $2.77 billion, a P/E ratio of 13.13 and a beta of 0.94.
Columbia Sportswear Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.20 dividend on an annualized basis and a yield of 2.3%. Columbia Sportswear’s dividend payout ratio is 36.25%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Stifel Nicolaus reduced their target price on Columbia Sportswear from $68.00 to $60.00 and set a “buy” rating for the company in a report on Friday, October 31st. Barclays cut their price objective on Columbia Sportswear from $62.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Cfra Research upgraded Columbia Sportswear to a “hold” rating in a research note on Monday, August 4th. UBS Group reissued a “sell” rating and issued a $38.00 price target (down from $40.00) on shares of Columbia Sportswear in a report on Friday, October 31st. Finally, Weiss Ratings upgraded shares of Columbia Sportswear from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $60.50.
Check Out Our Latest Analysis on COLM
Columbia Sportswear Profile
Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.
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