Vanguard Personalized Indexing Management LLC Boosts Holdings in Columbia Sportswear (NASDAQ:COLM)

Vanguard Personalized Indexing Management LLC grew its position in Columbia Sportswear (NASDAQ:COLM) by 62.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,008 shares of the textile maker’s stock after purchasing an additional 1,539 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Columbia Sportswear were worth $362,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Treasurer of the State of North Carolina boosted its position in shares of Columbia Sportswear by 1.3% in the 4th quarter. Treasurer of the State of North Carolina now owns 15,636 shares of the textile maker’s stock worth $1,369,000 after purchasing an additional 200 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of Columbia Sportswear in the 1st quarter valued at approximately $99,000. Federated Hermes Inc. increased its position in shares of Columbia Sportswear by 2.2% in the 1st quarter. Federated Hermes Inc. now owns 211,298 shares of the textile maker’s stock valued at $19,068,000 after acquiring an additional 4,533 shares during the period. Principal Financial Group Inc. increased its position in shares of Columbia Sportswear by 0.7% in the 4th quarter. Principal Financial Group Inc. now owns 139,625 shares of the textile maker’s stock valued at $12,228,000 after acquiring an additional 929 shares during the period. Finally, SG Americas Securities LLC raised its stake in Columbia Sportswear by 165.0% in the 1st quarter. SG Americas Securities LLC now owns 13,865 shares of the textile maker’s stock worth $1,251,000 after acquiring an additional 8,633 shares during the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Columbia Sportswear Stock Performance

COLM stock opened at $73.60 on Wednesday. The firm’s fifty day moving average is $75.91 and its 200 day moving average is $81.02. The firm has a market cap of $4.51 billion, a PE ratio of 15.66, a P/E/G ratio of 1.26 and a beta of 0.96. Columbia Sportswear has a one year low of $65.02 and a one year high of $98.32.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.12. Columbia Sportswear had a return on equity of 16.84% and a net margin of 8.19%. The firm had revenue of $620.90 million during the quarter, compared to analyst estimates of $586.45 million. During the same quarter in the previous year, the business earned $0.11 EPS. Columbia Sportswear’s revenue for the quarter was up 7.4% compared to the same quarter last year. Research analysts predict that Columbia Sportswear will post 4.6 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.63%. The ex-dividend date is Monday, August 21st. Columbia Sportswear’s payout ratio is presently 25.53%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Stifel Nicolaus cut their price objective on Columbia Sportswear from $93.00 to $81.00 and set a “hold” rating on the stock in a report on Wednesday, August 2nd. UBS Group cut their price target on shares of Columbia Sportswear from $92.00 to $91.00 and set a “neutral” rating on the stock in a report on Wednesday, July 19th. StockNews.com began coverage on shares of Columbia Sportswear in a research note on Thursday, August 17th. They set a “hold” rating for the company. TD Cowen lowered shares of Columbia Sportswear from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $94.00 to $83.00 in a research note on Thursday, August 3rd. Finally, TheStreet downgraded shares of Columbia Sportswear from a “b-” rating to a “c+” rating in a research report on Thursday, June 1st. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.44.

Columbia Sportswear Profile

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 for mountaineering, climbing, skiing and snowboarding, trail, and camp enthusiasts.