Columbia Sportswear Company (NASDAQ:COLM) Stock Holdings Boosted by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd raised its position in shares of Columbia Sportswear Company (NASDAQ:COLM) by 1,943.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 899 shares of the textile maker’s stock after purchasing an additional 855 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Columbia Sportswear were worth $68,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COLM. Barclays PLC boosted its stake in Columbia Sportswear by 487.8% during the 4th quarter. Barclays PLC now owns 271,293 shares of the textile maker’s stock valued at $22,770,000 after purchasing an additional 225,140 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Columbia Sportswear during the 1st quarter worth $15,099,000. Millennium Management LLC bought a new stake in shares of Columbia Sportswear during the 4th quarter worth $9,626,000. Russell Investments Group Ltd. boosted its stake in shares of Columbia Sportswear by 1,352.7% during the 1st quarter. Russell Investments Group Ltd. now owns 75,831 shares of the textile maker’s stock worth $5,740,000 after acquiring an additional 70,611 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Columbia Sportswear during the 1st quarter worth $4,981,000. 47.76% of the stock is owned by institutional investors.

Columbia Sportswear Stock Up 1.4%

COLM opened at $53.45 on Friday. The stock has a fifty day moving average of $59.06 and a 200-day moving average of $68.46. The firm has a market capitalization of $2.93 billion, a P/E ratio of 13.64 and a beta of 1.00. Columbia Sportswear Company has a 12-month low of $48.10 and a 12-month high of $92.88.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, July 31st. The textile maker reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.09. The company had revenue of $605.25 million during the quarter, compared to analyst estimates of $587.97 million. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.20) earnings per share. On average, analysts expect that Columbia Sportswear Company will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, August 21st. Columbia Sportswear’s dividend payout ratio (DPR) is currently 30.61%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on COLM shares. Citigroup reduced their price objective on Columbia Sportswear from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, August 1st. Barclays reduced their price objective on Columbia Sportswear from $62.00 to $51.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Needham & Company LLC started coverage on Columbia Sportswear in a research note on Friday, May 30th. They set a “hold” rating for the company. Stifel Nicolaus reduced their price objective on Columbia Sportswear from $75.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, August 1st. Finally, UBS Group reduced their price objective on Columbia Sportswear from $45.00 to $40.00 and set a “sell” rating for the company in a research note on Friday, August 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Columbia Sportswear currently has a consensus rating of “Hold” and a consensus price target of $60.80.

About Columbia Sportswear

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.