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The Sports Fanatics

Morgan Stanley Increases Position in Columbia Sportswear (COLM)

Fintel reports that Morgan Stanley
has filed a 13G/A form
with the SEC disclosing ownership of
3.80MM
shares of Columbia Sportswear Company (COLM).

This represents 6.1% of the company.

In their previous filing dated February 9, 2022
they reported 3.30MM shares and 5.10% of the company,
an increase in shares of 15.02%
and
an increase in total ownership of
1.00%
(calculated as current – previous percent ownership).

Analyst Price Forecast Suggests 5.71% Upside

As of February 8, 2023,
the average one-year price target for Columbia Sportswear is $95.66.
The forecasts range from a low of $65.65 to a high of $126.00.
The average price target represents an increase of 5.71% from its latest reported closing price of $90.49.

The projected annual revenue for Columbia Sportswear
is $3,700MM, an increase of 6.81%.

The projected annual EPS
is $5.81, an increase of 17.13%.

What is the Fund Sentiment?

There are 633 funds or institutions reporting positions in Columbia Sportswear.

This is a decrease
of
41
owner(s) or 6.08% in the last quarter.

Average portfolio weight of all funds dedicated to COLM is 0.14%,
an increase
of 10.54%.

Total shares owned by institutions increased
in the last three months by 0.58% to 40,388K shares.

The put/call ratio of COLM is 1.04, indicating a

bearish
outlook.

What are large shareholders doing?

COLM / Columbia Sportswear Company Ownership

Atlanta Capital Management Co L L C
holds 3,493K shares

representing 5.62% ownership of the company.

In it’s prior filing, the firm reported owning 3,268K shares, representing
an increase
of 6.45%.

The firm

increased

its portfolio allocation in COLM by 3.92% over the last quarter.

EAASX – Eaton Vance Atlanta Capital SMID-Cap Fund
holds 2,333K shares

representing 3.76% ownership of the company.

In it’s prior filing, the firm reported owning 2,279K shares, representing
an increase
of 2.30%.

The firm

increased

its portfolio allocation in COLM by 0.30% over the last quarter.

Jpmorgan Chase &
holds 1,396K shares

representing 2.25% ownership of the company.

In it’s prior filing, the firm reported owning 1,374K shares, representing
an increase
of 1.52%.

The firm

decreased

its portfolio allocation in COLM by 1.58% over the last quarter.

Fuller & Thaler Asset Management
holds 1,347K shares

representing 2.17% ownership of the company.

In it’s prior filing, the firm reported owning 1,322K shares, representing
an increase
of 1.87%.

The firm

increased

its portfolio allocation in COLM by 0.20% over the last quarter.

Victory Capital Management
holds 1,241K shares

representing 2.00% ownership of the company.

In it’s prior filing, the firm reported owning 971K shares, representing
an increase
of 21.71%.

The firm

increased

its portfolio allocation in COLM by 23.01% over the last quarter.

Columbia Sportswear Declares $0.30 Dividend

On February 2, 2023 the company declared a regular
quarterly dividend
of $0.30 per share ($1.20 annualized).
Shareholders of record as of March 9, 2023
will receive the payment on March 21, 2023.
Previously, the company paid $0.30 per share.

At the current share price of $90.49 / share,
the stock’s dividend yield is 1.33%.

Looking back five years and taking a sample every week, the average dividend yield has been
1.14%,
the lowest has been 0.90%,
and the highest has been 1.85%.
The standard deviation of yields is 0.23 (n=197).

The current dividend yield is
0.79 standard deviations

above
the historical average.

Additionally, the company’s dividend payout ratio is 0.24.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company’s 3-Year dividend growth rate is 0.15%,
demonstrating that it has increased its dividend over time.

Columbia Sportswear Background Information
(This description is provided by the company.)

Columbia Sportswear Company has assembled a portfolio of brands for active lives, making it a leader in the global active lifestyle apparel, footwear, accessories, and equipment industry. Founded in 1938 in Portland, Oregon, the company’s brands are today sold in approximately 90 countries. In addition to the Columbia® brand, Columbia Sportswear Company also owns the Mountain Hardwear®, SOREL®, and prAna® brands.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.