Columbia Sportswear Company (NASDAQ:COLM) Shares Purchased by Ontario Teachers Pension Plan Board

Key Points

• Ontario Teachers Pension Plan Board has increased its stake in Columbia Sportswear Company (NASDAQ:COLM) by 51.0%, acquiring 14,992 shares to bring its total holdings to 44,363 shares valued at approximately $3.36 million.
• The company reported a revenue of $605.25 million for the last quarter, outperforming estimates and showing a 6.1% year-over-year increase.
• Columbia Sportswear has declared a quarterly dividend of $0.30 per share, with a yield of 2.3%, and has a dividend payout ratio of 30.61%.

Ontario Teachers Pension Plan Board increased its position in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 51.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,363 shares of the textile maker's stock after acquiring an additional 14,992 shares during the quarter. Ontario Teachers Pension Plan Board owned approximately 0.08% of Columbia Sportswear worth $3,358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Columbia Sportswear in the first quarter valued at about $38,000. Whipplewood Advisors LLC lifted 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 worth $47,000 after purchasing an additional 620 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Columbia Sportswear during the fourth quarter worth approximately $76,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Columbia Sportswear during the fourth quarter worth approximately $139,000. Finally, Covestor Ltd increased its stake in shares of Columbia Sportswear by 13.0% during the fourth quarter. Covestor Ltd now owns 2,101 shares of the textile maker's stock worth $177,000 after buying an additional 241 shares during the period. Institutional investors and hedge funds own 47.76% of the company's stock.

Analysts Set New Price Targets

COLM has been the topic of a number of research reports. UBS Group lowered their target price on shares of Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating on the stock in a research report on Friday, August 1st. Barclays lowered their price objective on shares of Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Needham & Company LLC assumed coverage on Columbia Sportswear in a report on Friday, May 30th. They issued a "hold" rating for the company. Cfra Research raised Columbia Sportswear to a "hold" rating in a research note on Monday, August 4th. Finally, Stifel Nicolaus cut their price target on Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating for the company in a research note on Friday, August 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $60.80.

Columbia Sportswear Trading Down 1.5%

COLM traded down $0.78 during midday trading on Monday, hitting $49.92. The company's stock had a trading volume of 167,730 shares, compared to its average volume of 774,988. Columbia Sportswear Company has a 52-week low of $48.10 and a 52-week high of $92.88. The firm has a market cap of $2.73 billion, a P/E ratio of 12.74 and a beta of 1.00. The firm has a 50-day moving average price of $60.02 and a two-hundred day moving average price of $69.48.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its earnings results on Thursday, July 31st. The textile maker reported ($0.19) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.28) by $0.09. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%. The business had revenue of $605.25 million during the quarter, compared to analysts' expectations of $587.97 million. During the same quarter in the previous year, the business earned ($0.20) EPS. The company's revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts expect that Columbia Sportswear Company will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.20 annualized dividend and a yield of 2.4%. Columbia Sportswear's payout ratio is 30.61%.

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.