Crawford Investment Counsel Inc. cut its holdings in Columbia Sportswear (NASDAQ:COLM – Get Rating) by 6.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,440 shares of the textile maker’s stock after selling 3,440 shares during the quarter. Crawford Investment Counsel Inc. owned approximately 0.08% of Columbia Sportswear worth $4,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of COLM. US Bancorp DE increased its stake in shares of Columbia Sportswear by 19.8% during the first quarter. US Bancorp DE now owns 823 shares of the textile maker’s stock valued at $75,000 after buying an additional 136 shares during the period. WINTON GROUP Ltd raised its stake in Columbia Sportswear by 0.9% in the first quarter. WINTON GROUP Ltd now owns 21,056 shares of the textile maker’s stock worth $1,906,000 after buying an additional 190 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in Columbia Sportswear by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the textile maker’s stock worth $817,000 after buying an additional 200 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Columbia Sportswear by 1.6% in the first quarter. Treasurer of the State of North Carolina now owns 14,430 shares of the textile maker’s stock worth $1,306,000 after buying an additional 225 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Columbia Sportswear by 14.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,112 shares of the textile maker’s stock valued at $192,000 after acquiring an additional 264 shares in the last quarter. Hedge funds and other institutional investors own 48.56% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on COLM. Stifel Nicolaus dropped their price target on Columbia Sportswear from $100.00 to $81.00 in a research report on Wednesday, July 20th. UBS Group lowered their price objective on Columbia Sportswear from $83.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, July 28th. Citigroup reduced their price target on Columbia Sportswear from $98.00 to $80.00 in a report on Thursday, July 28th. Cowen dropped their target price on shares of Columbia Sportswear to $95.00 in a research note on Monday, July 25th. Finally, Robert W. Baird reduced their price objective on Columbia Sportswear from $85.00 to $82.00 and set a “neutral” rating for the company in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $89.38.
Insider Activity at Columbia Sportswear
Columbia Sportswear Stock Performance
Shares of NASDAQ COLM opened at $74.34 on Friday. Columbia Sportswear has a 1 year low of $68.29 and a 1 year high of $107.50. The company has a market capitalization of $4.67 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 1.73 and a beta of 0.88. The company’s fifty day moving average price is $74.09 and its 200 day moving average price is $79.87.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The textile maker reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. The business had revenue of $578.06 million during the quarter, compared to analysts’ expectations of $592.35 million. Columbia Sportswear had a net margin of 10.13% and a return on equity of 17.87%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 EPS. On average, equities analysts expect that Columbia Sportswear will post 5.18 EPS for the current year.
Columbia Sportswear Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.61%. Columbia Sportswear’s payout ratio is presently 23.76%.
About Columbia Sportswear
Columbia Sportswear Company, together with its subsidiaries, designs, sources, 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 that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.
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