Massachusetts Financial Services Co. MA Makes New Investment in Columbia Sportswear Company (NASDAQ:COLM)

Massachusetts Financial Services Co. MA acquired a new stake in Columbia Sportswear Company (NASDAQ:COLM - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 199,491 shares of the textile maker's stock, valued at approximately $15,099,000. Massachusetts Financial Services Co. MA owned 0.36% of Columbia Sportswear at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COLM. Deutsche Bank AG raised its stake in Columbia Sportswear by 3.7% during the 4th quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker's stock worth $328,000 after buying an additional 141 shares during the period. Signaturefd LLC increased its holdings in Columbia Sportswear by 18.4% during the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock worth $77,000 after purchasing an additional 142 shares in the last quarter. Covestor Ltd increased its holdings in Columbia Sportswear by 13.0% during the 4th quarter. Covestor Ltd now owns 2,101 shares of the textile maker's stock worth $177,000 after purchasing an additional 241 shares in the last quarter. Xponance Inc. increased its holdings in Columbia Sportswear by 7.7% during the 4th quarter. Xponance Inc. now owns 3,804 shares of the textile maker's stock worth $319,000 after purchasing an additional 273 shares in the last quarter. Finally, Procyon Advisors LLC increased its holdings in Columbia Sportswear by 8.3% during the 1st quarter. Procyon Advisors LLC now owns 3,605 shares of the textile maker's stock worth $273,000 after purchasing an additional 276 shares in the last quarter. 47.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on COLM. Barclays decreased their price target on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Citigroup reissued a "neutral" rating and issued a $68.00 target price (down from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. UBS Group raised 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. Needham & Company LLC initiated coverage on Columbia Sportswear in a research report on Friday, May 30th. They issued a "hold" rating for the company. Finally, Stifel Nicolaus decreased 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $68.00.

Insider Activity at Columbia Sportswear

In other news, Director Stephen E. Babson sold 2,776 shares of the business'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 value of $183,049.44. Following the sale, the director directly 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 available through the SEC website. 48.30% of the stock is currently owned by corporate insiders.

Columbia Sportswear Trading Down 0.5%

COLM opened at $59.61 on Friday. The company has a market cap of $3.29 billion, a P/E ratio of 15.25, a P/E/G ratio of 3.97 and a beta of 0.97. The business's 50-day moving average price is $62.86 and its 200-day moving average price is $72.52. Columbia Sportswear Company has a 12 month low of $58.44 and a 12 month high of $92.88.

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 (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 company had revenue of $778.45 million for the quarter, compared to the consensus estimate of $763.50 million. During the same quarter in the previous year, the business earned $0.71 EPS. Columbia Sportswear's revenue was up 1.1% compared to the same quarter last year. Equities research analysts forecast that Columbia Sportswear Company will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were given a dividend of $0.30 per share. The ex-dividend date was Thursday, May 22nd. This represents a $1.20 annualized dividend and a yield of 2.01%. Columbia Sportswear's payout ratio is 30.69%.

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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