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

Crossmark Global Holdings Inc. increased its stake 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 Securities and Exchange Commission (SEC). The fund 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 approximately 0.08% of Columbia Sportswear worth $3,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Smartleaf Asset Management LLC grew 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 during the last quarter. Whipplewood Advisors LLC increased its position in shares of Columbia Sportswear by 12,400.0% during the first quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker's stock valued at $47,000 after acquiring an additional 620 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Columbia Sportswear during the 4th quarter worth $76,000. Signaturefd LLC boosted its holdings in Columbia Sportswear by 18.4% in the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock valued at $77,000 after purchasing an additional 142 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in Columbia Sportswear during the 4th quarter worth $139,000. Institutional investors own 47.76% of the company's stock.

Columbia Sportswear Stock Up 1.3%

COLM opened at $63.76 on Wednesday. Columbia Sportswear Company has a 52 week low of $58.44 and a 52 week high of $92.88. The business has a fifty day simple moving average of $63.29 and a 200-day simple moving average of $73.83. The firm has a market cap of $3.52 billion, a P/E ratio of 16.31, a P/E/G ratio of 4.23 and a beta of 0.97.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its earnings results on Thursday, May 1st. The textile maker reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. Columbia Sportswear had a return on equity of 12.57% and a net margin of 6.61%. The business 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 company posted $0.71 earnings per share. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. Sell-side analysts expect that Columbia Sportswear Company will post 4.1 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 1.88%. Columbia Sportswear's dividend payout ratio (DPR) is 30.69%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Columbia Sportswear

In other news, Director Stephen E. Babson sold 2,776 shares of Columbia Sportswear stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $65.94, for a total value of $183,049.44. Following the transaction, the director owned 128,309 shares of the company's stock, valued at $8,460,695.46. The trade was a 2.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 48.30% of the company's stock.

Columbia Sportswear 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.

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