Zurcher Kantonalbank Zurich Cantonalbank cut its stake in Columbia Sportswear (NASDAQ:COLM) by 7.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,285 shares of the textile maker’s stock after selling 181 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Columbia Sportswear were worth $238,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of COLM. Norges Bank bought a new position in shares of Columbia Sportswear in the fourth quarter valued at approximately $33,356,000. Canada Pension Plan Investment Board bought a new position in shares of Columbia Sportswear in the fourth quarter valued at approximately $11,213,000. Two Sigma Investments LP lifted its stake in Columbia Sportswear by 103.9% during the fourth quarter. Two Sigma Investments LP now owns 250,073 shares of the textile maker’s stock valued at $21,029,000 after purchasing an additional 127,407 shares during the last quarter. Deutsche Bank AG lifted its stake in Columbia Sportswear by 80.1% during the fourth quarter. Deutsche Bank AG now owns 251,068 shares of the textile maker’s stock valued at $21,109,000 after purchasing an additional 111,630 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Columbia Sportswear by 2,130.4% during the fourth quarter. Principal Financial Group Inc. now owns 109,648 shares of the textile maker’s stock valued at $9,221,000 after purchasing an additional 104,732 shares during the last quarter. Institutional investors and hedge funds own 37.89% of the company’s stock.
Shares of NASDAQ:COLM opened at $97.77 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.41 and a quick ratio of 2.33. The company has a market capitalization of $6.48 billion, a P/E ratio of 24.38, a PEG ratio of 2.33 and a beta of 0.64. Columbia Sportswear has a 52 week low of $80.03 and a 52 week high of $109.74.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, April 25th. The textile maker reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.23. The business had revenue of $654.61 million during the quarter, compared to the consensus estimate of $646.77 million. Columbia Sportswear had a net margin of 10.43% and a return on equity of 17.89%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. On average, research analysts expect that Columbia Sportswear will post 4.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be given a $0.24 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.98%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 23.94%.
Several analysts recently commented on COLM shares. Zacks Investment Research raised shares of Columbia Sportswear from a “hold” rating to a “strong-buy” rating and set a $107.00 target price for the company in a research note on Thursday, February 7th. Pivotal Research reissued a “buy” rating and set a $112.00 target price (up from $107.00) on shares of Columbia Sportswear in a research note on Tuesday, February 5th. Canaccord Genuity set a $107.00 target price on shares of Columbia Sportswear and gave the company a “hold” rating in a research note on Friday, April 26th. BidaskClub raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. Finally, DA Davidson increased their target price on shares of Columbia Sportswear to $116.00 and gave the company a “buy” rating in a research note on Friday, February 8th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $108.93.
In related news, Director Edward S. George sold 5,630 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $105.19, for a total value of $592,219.70. Following the completion of the sale, the director now owns 7,630 shares in the company, valued at approximately $802,599.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald E. Nelson sold 7,216 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $105.26, for a total transaction of $759,556.16. Following the completion of the sale, the director now owns 5,425 shares of the company’s stock, valued at approximately $571,035.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,837 shares of company stock valued at $4,853,186. 56.57% of the stock is owned by insiders.
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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