State of Alaska Department of Revenue Increases Holdings in Columbia Sportswear Company (NASDAQ:COLM)

State of Alaska Department of Revenue grew its holdings in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 287.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,143 shares of the textile maker's stock after buying an additional 29,035 shares during the period. State of Alaska Department of Revenue owned 0.07% of Columbia Sportswear worth $2,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. 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 worth $328,000 after buying an additional 141 shares during the last quarter. Signaturefd LLC lifted 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 buying an additional 142 shares during the last quarter. Amalgamated Bank lifted its holdings in Columbia Sportswear by 1.0% during the 4th quarter. Amalgamated Bank now owns 15,337 shares of the textile maker's stock worth $1,287,000 after buying an additional 146 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Columbia Sportswear by 184.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock worth $25,000 after buying an additional 194 shares during the last quarter. Finally, Covestor Ltd lifted 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 buying an additional 241 shares during the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of Columbia Sportswear 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 now owns 128,309 shares of the company's stock, valued at approximately $8,460,695.46. The trade was a 2.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 48.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

COLM has been the topic of a number of research analyst reports. UBS Group lifted 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. Barclays cut their target price on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Citigroup reiterated a "neutral" rating and set a $68.00 target price (down previously from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. Needham & Company LLC initiated coverage on Columbia Sportswear in a research report on Friday, May 30th. They set a "hold" rating on the stock. Finally, Stifel Nicolaus cut their target price on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $70.00.

Columbia Sportswear Stock Up 0.5%

Shares of COLM stock opened at $60.39 on Friday. The stock has a market capitalization of $3.33 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 4.02 and a beta of 1.00. Columbia Sportswear Company has a 52-week low of $58.44 and a 52-week high of $92.88. The stock's 50-day moving average price is $63.92 and its 200 day moving average price is $76.05.

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

Columbia Sportswear Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 1.99%. The ex-dividend date was Thursday, May 22nd. Columbia Sportswear's dividend payout ratio (DPR) is presently 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.

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