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Credit Suisse AG grew its position in shares of Columbia Sportswear (NASDAQ:COLM – Free Report) by 5.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,761 shares of the textile maker’s stock after acquiring an additional 2,322 shares during the quarter. Credit Suisse AG owned 0.07% of Columbia Sportswear worth $3,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of the company. Morgan Stanley boosted its holdings in Columbia Sportswear by 1,243.3% during the 4th quarter. Morgan Stanley now owns 3,859,552 shares of the textile maker’s stock worth $338,020,000 after acquiring an additional 3,572,227 shares during the last quarter. BlackRock Inc. boosted its holdings in Columbia Sportswear by 4.5% during the 3rd quarter. BlackRock Inc. now owns 2,988,332 shares of the textile maker’s stock worth $201,114,000 after acquiring an additional 127,977 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Columbia Sportswear by 5.0% during the 1st quarter. Victory Capital Management Inc. now owns 1,803,138 shares of the textile maker’s stock worth $162,715,000 after acquiring an additional 85,960 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Columbia Sportswear by 2.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,377,529 shares of the textile maker’s stock worth $120,644,000 after acquiring an additional 30,076 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Columbia Sportswear by 2.3% during the 3rd quarter. State Street Corp now owns 987,959 shares of the textile maker’s stock worth $66,490,000 after purchasing an additional 22,487 shares during the period. 47.76% of the stock is owned by hedge funds and other institutional investors.
Columbia Sportswear Trading Down 0.1 %
COLM stock opened at $73.52 on Thursday. The company’s 50 day moving average is $75.86 and its 200 day moving average is $80.97. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96. Columbia Sportswear has a 1-year low of $65.02 and a 1-year high of $98.32.
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last posted its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.12. The company had revenue of $620.90 million for the quarter, compared to analysts’ expectations of $586.45 million. Columbia Sportswear had a net margin of 8.19% and a return on equity of 16.84%. Columbia Sportswear’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. As a group, sell-side analysts forecast that Columbia Sportswear will post 4.6 EPS for the current fiscal year.
Columbia Sportswear Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Monday, August 21st. Columbia Sportswear’s dividend payout ratio (DPR) is 25.53%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on COLM shares. TD Cowen cut Columbia Sportswear from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $94.00 to $83.00 in a research note on Thursday, August 3rd. TheStreet cut Columbia Sportswear from a “b-” rating to a “c+” rating in a research note on Thursday, June 1st. StockNews.com started coverage on Columbia Sportswear in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Stifel Nicolaus lowered their target price on Columbia Sportswear from $93.00 to $81.00 and set a “hold” rating on the stock in a research note on Wednesday, August 2nd. Finally, UBS Group lowered their target price on Columbia Sportswear from $92.00 to $91.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 19th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Columbia Sportswear has a consensus rating of “Hold” and an average price target of $87.44.
View Our Latest Report on COLM
Columbia Sportswear Profile
Columbia Sportswear Company, together with its subsidiaries, designs, sources, 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 mountaineering, climbing, skiing and snowboarding, trail, and camp enthusiasts.
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