Raymond James Financial Inc. bought a new position in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,688 shares of the textile maker's stock, valued at approximately $1,904,000.
Several other hedge funds have also modified their holdings of COLM. Boston Trust Walden Corp lifted its holdings in Columbia Sportswear by 0.3% in the fourth quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker's stock valued at $107,778,000 after acquiring an additional 3,214 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Columbia Sportswear by 10.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker's stock valued at $101,355,000 after purchasing an additional 109,488 shares during the period. American Century Companies Inc. grew its position in Columbia Sportswear by 18.0% during the fourth quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker's stock worth $74,255,000 after buying an additional 134,813 shares during the period. Charles Schwab Investment Management Inc. grew its position in Columbia Sportswear by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker's stock worth $47,372,000 after buying an additional 13,800 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Columbia Sportswear by 25.3% during the 4th quarter. Invesco Ltd. now owns 530,600 shares of the textile maker's stock valued at $44,533,000 after acquiring an additional 107,157 shares during the period. 47.76% of the stock is owned by institutional investors and hedge funds.
Columbia Sportswear Stock Performance
NASDAQ COLM traded up $0.35 during trading hours on Tuesday, hitting $62.49. 774,259 shares of the company's stock were exchanged, compared to its average volume of 566,849. The business's 50 day moving average is $72.32 and its 200-day moving average is $80.47. Columbia Sportswear has a 12-month low of $58.44 and a 12-month high of $92.88. The firm has a market capitalization of $3.45 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 2.54 and a beta of 0.91.
Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The textile maker reported $0.75 EPS for the quarter, topping the consensus estimate of $0.68 by $0.07. The firm had revenue of $778.45 million during the quarter, compared to analyst estimates of $763.50 million. Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. Columbia Sportswear's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 earnings per share. As a group, equities research analysts anticipate that Columbia Sportswear will post 4.1 EPS for the current fiscal year.
Columbia Sportswear Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Thursday, May 22nd. Columbia Sportswear's dividend payout ratio (DPR) is presently 31.01%.
Insider Transactions at Columbia Sportswear
In other news, EVP Richelle T. Luther sold 4,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the completion of the sale, the executive vice president now directly owns 14,283 shares in the company, valued at $1,319,177.88. This trade represents a 21.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald E. Nelson sold 6,395 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total value of $522,727.30. Following the transaction, the director now owns 17,048 shares of the company's stock, valued at approximately $1,393,503.52. This trade represents a 27.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 44.70% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on COLM. StockNews.com cut Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Stifel Nicolaus dropped their target price on shares of Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a report on Friday. Citigroup reaffirmed a "neutral" rating and issued a $68.00 price target (down previously from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. UBS Group raised their price objective on shares of Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research note on Monday, April 14th. Finally, Barclays lowered their target price on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating on the stock in a report on Friday. One investment 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $70.00.
Check Out Our Latest Analysis on Columbia Sportswear
Columbia Sportswear Profile
(
Free Report)
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.
Further Reading
Before you consider Columbia Sportswear, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Columbia Sportswear wasn't on the list.
While Columbia Sportswear currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
