SG Americas Securities LLC Invests $1.10 Million in Columbia Sportswear Company (NASDAQ:COLM)

SG Americas Securities LLC purchased a new stake in Columbia Sportswear Company (NASDAQ:COLM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,487 shares of the textile maker's stock, valued at approximately $1,097,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Deutsche Bank AG grew its stake in Columbia Sportswear by 3.7% during the fourth quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker's stock worth $328,000 after buying an additional 141 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of 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 acquiring an additional 142 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Columbia Sportswear by 1.0% in the fourth quarter. Amalgamated Bank now owns 15,337 shares of the textile maker's stock worth $1,287,000 after acquiring an additional 146 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of 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 acquiring an additional 194 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Columbia Sportswear by 13.0% in the fourth quarter. Covestor Ltd now owns 2,101 shares of the textile maker's stock worth $177,000 after acquiring an additional 241 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. UBS Group increased their target price on shares of Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a report on Monday, April 14th. Citigroup reiterated 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. Needham & Company LLC started coverage on shares of Columbia Sportswear in a report on Friday, May 30th. They issued a "hold" rating for the company. Barclays lowered their price target 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. Finally, 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 report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $70.00.

Columbia Sportswear Stock Performance

COLM traded down $0.02 during midday trading on Thursday, hitting $60.06. The stock had a trading volume of 734,762 shares, compared to its average volume of 609,090. The company has a market cap of $3.31 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 4.00 and a beta of 1.00. The business has a fifty day moving average of $64.03 and a 200 day moving average of $76.33. Columbia Sportswear Company has a 1 year low of $58.44 and a 1 year high of $92.88.

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 (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. The business had revenue of $778.45 million during the quarter, compared to analyst estimates of $763.50 million. Columbia Sportswear had a return on equity of 12.57% and a net margin of 6.61%. Columbia Sportswear's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 earnings per share. On average, equities research analysts anticipate that Columbia Sportswear Company will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, May 22nd. This represents a $1.20 annualized dividend and a dividend yield of 2.00%. Columbia Sportswear's payout ratio is presently 30.69%.

Insider Activity

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of the firm's 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 transaction, the director now directly owns 128,309 shares of the company's stock, valued at approximately $8,460,695.46. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.