Crossmark Global Holdings Inc. Acquires 6,693 Shares of Columbia Sportswear Company (NASDAQ:COLM)

Crossmark Global Holdings Inc. grew its position in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,989 shares of the textile maker's stock after acquiring an additional 6,693 shares during the quarter. Crossmark Global Holdings Inc. owned about 0.08% of Columbia Sportswear worth $3,254,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in Columbia Sportswear by 184.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock worth $25,000 after purchasing an additional 194 shares during the last quarter. Whipplewood Advisors LLC boosted its position in Columbia Sportswear by 12,400.0% in the first quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker's stock worth $47,000 after purchasing an additional 620 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Columbia Sportswear in the fourth quarter worth $76,000. Signaturefd LLC boosted its position in Columbia Sportswear by 18.4% in the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock worth $77,000 after purchasing an additional 142 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in Columbia Sportswear in the fourth quarter worth $139,000. Institutional investors own 47.76% of the company's stock.

Insiders Place Their Bets

In related news, Director Stephen E. Babson sold 2,776 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $65.94, for a total transaction of $183,049.44. Following the completion of the transaction, the director owned 128,309 shares of the company's stock, valued at $8,460,695.46. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 48.30% of the stock is currently owned by company insiders.

Columbia Sportswear Price Performance

NASDAQ COLM traded down $2.12 during trading on Friday, reaching $61.45. The company's stock had a trading volume of 401,356 shares, compared to its average volume of 620,543. The firm has a fifty day moving average of $63.37 and a 200 day moving average of $73.32. Columbia Sportswear Company has a one year low of $58.44 and a one year high of $92.88. The stock has a market capitalization of $3.39 billion, a PE ratio of 15.72, a P/E/G ratio of 4.13 and a beta of 0.97.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its earnings results on Thursday, May 1st. The textile maker reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. The company had revenue of $778.45 million during the quarter, compared to analysts' expectations of $763.50 million. Columbia Sportswear had a return on equity of 12.57% and a net margin of 6.61%. Columbia Sportswear's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 EPS. Research 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 announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Thursday, May 22nd. Columbia Sportswear's dividend payout ratio is currently 30.69%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. UBS Group upped their price target on Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research report on Monday, April 14th. Citigroup reaffirmed a "neutral" rating and set a $68.00 price target (down previously from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. Stifel Nicolaus dropped their price target on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Needham & Company LLC initiated coverage on Columbia Sportswear in a research note on Friday, May 30th. They set a "hold" rating on the stock. Finally, Barclays decreased their price objective on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Columbia Sportswear has a consensus rating of "Hold" and a consensus price target of $70.00.

Columbia Sportswear Company 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.