Crossmark Global Holdings Inc. Has $3.25 Million Holdings in Columbia Sportswear Company (NASDAQ:COLM)

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

Several other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its holdings in Columbia Sportswear by 3.7% during the 4th quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker's stock valued at $328,000 after purchasing an additional 141 shares during the last quarter. Signaturefd LLC increased its position in Columbia Sportswear by 18.4% in the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock valued at $77,000 after acquiring an additional 142 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Columbia Sportswear by 184.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock valued at $25,000 after acquiring an additional 194 shares in the last quarter. Covestor Ltd increased its position in Columbia Sportswear by 13.0% in the 4th quarter. Covestor Ltd now owns 2,101 shares of the textile maker's stock valued at $177,000 after acquiring an additional 241 shares in the last quarter. Finally, Xponance Inc. increased its position in Columbia Sportswear by 7.7% in the 4th quarter. Xponance Inc. now owns 3,804 shares of the textile maker's stock valued at $319,000 after acquiring an additional 273 shares in the last quarter. 47.76% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Stephen E. Babson sold 2,776 shares of Columbia Sportswear stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $65.94, for a total value of $183,049.44. Following the sale, the director owned 128,309 shares of the company's stock, valued at approximately $8,460,695.46. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 48.30% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on COLM. Stifel Nicolaus lowered their price target on shares of Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Citigroup restated a "neutral" rating and set a $68.00 price objective (down previously from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. Barclays decreased their price objective on shares of Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. UBS Group boosted their price objective on shares of Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a report on Monday, April 14th. Finally, Needham & Company LLC began coverage on shares of Columbia Sportswear in a report on Friday, May 30th. They set a "hold" rating for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $70.00.

Columbia Sportswear Price Performance

COLM traded down $2.12 during trading on Friday, reaching $61.45. The company had a trading volume of 401,356 shares, compared to its average volume of 619,441. Columbia Sportswear Company has a 12 month low of $58.44 and a 12 month high of $92.88. The business's fifty day moving average price is $63.33 and its 200 day moving average price is $73.59. The company has a market cap of $3.39 billion, a P/E ratio of 15.72, a PEG ratio of 4.25 and a beta of 0.97.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The textile maker reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. Columbia Sportswear had a net margin of 6.61% and a return on equity of 12.57%. The firm had revenue of $778.45 million for the quarter, compared to analyst estimates of $763.50 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. The business's revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts predict that Columbia Sportswear Company will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis 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%.

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.