Texas Permanent School Fund Lowers Stock Holdings in Columbia Sportswear (NASDAQ:COLM)

Texas Permanent School Fund reduced its position in shares of Columbia Sportswear (NASDAQ:COLMGet Rating) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,230 shares of the textile maker’s stock after selling 275 shares during the period. Texas Permanent School Fund’s holdings in Columbia Sportswear were worth $1,734,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Teachers Retirement System of The State of Kentucky boosted its position in shares of Columbia Sportswear by 56.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 5,000 shares of the textile maker’s stock worth $453,000 after buying an additional 1,800 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Columbia Sportswear by 233.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 716 shares of the textile maker’s stock valued at $65,000 after purchasing an additional 501 shares during the period. Bank of America Corp DE boosted its holdings in Columbia Sportswear by 10.7% in the first quarter. Bank of America Corp DE now owns 312,841 shares of the textile maker’s stock valued at $28,323,000 after purchasing an additional 30,193 shares during the period. Aviva PLC boosted its holdings in Columbia Sportswear by 8.1% in the second quarter. Aviva PLC now owns 37,565 shares of the textile maker’s stock valued at $2,689,000 after purchasing an additional 2,812 shares during the period. Finally, Fox Run Management L.L.C. purchased a new position in Columbia Sportswear in the first quarter valued at $442,000. 48.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on COLM shares. Robert W. Baird decreased their target price on Columbia Sportswear from $85.00 to $82.00 and set a “neutral” rating for the company in a report on Thursday, July 28th. StockNews.com started coverage on Columbia Sportswear in a report on Wednesday, October 12th. They issued a “hold” rating for the company. UBS Group decreased their target price on Columbia Sportswear from $83.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, July 28th. Citigroup cut their price target on Columbia Sportswear from $98.00 to $80.00 in a research note on Thursday, July 28th. Finally, Cowen raised their price target on Columbia Sportswear to $89.00 in a research note on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Columbia Sportswear presently has a consensus rating of “Hold” and a consensus price target of $86.88.

Insider Transactions at Columbia Sportswear

In other news, CFO Jim A. Swanson bought 500 shares of the business’s stock in a transaction dated Monday, August 29th. The shares were acquired at an average price of $72.99 per share, for a total transaction of $36,495.00. Following the completion of the transaction, the chief financial officer now owns 5,197 shares of the company’s stock, valued at $379,329.03. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 42.37% of the company’s stock.

Columbia Sportswear Stock Performance

COLM opened at $80.58 on Thursday. The business’s 50-day simple moving average is $73.25 and its 200-day simple moving average is $74.39. Columbia Sportswear has a one year low of $65.02 and a one year high of $106.24. The stock has a market capitalization of $5.01 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Wednesday, November 16th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 22.51%.

About Columbia Sportswear

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Columbia Sportswear (NASDAQ:COLM)

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