US Bancorp DE Increases Stock Position in Columbia Sportswear Company (NASDAQ:COLM)

US Bancorp DE grew its stake in shares of Columbia Sportswear Company (NASDAQ:COLM) by 35.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,569 shares of the textile maker’s stock after buying an additional 669 shares during the period. US Bancorp DE’s holdings in Columbia Sportswear were worth $194,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Columbia Sportswear during the 1st quarter valued at $38,000. Whipplewood Advisors LLC lifted its holdings in shares of Columbia Sportswear by 12,400.0% during the 1st quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 620 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Columbia Sportswear during the 4th quarter valued at $76,000. Kapitalo Investimentos Ltda acquired a new position in shares of Columbia Sportswear during the 4th quarter valued at $139,000. Finally, Cetera Investment Advisers acquired a new position in shares of Columbia Sportswear during the 4th quarter valued at $214,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on COLM shares. Citigroup reduced their target price on shares of Columbia Sportswear from $64.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, August 1st. Needham & Company LLC started coverage on shares of Columbia Sportswear in a report on Friday, May 30th. They set a “hold” rating on the stock. Stifel Nicolaus reduced their target price on shares of Columbia Sportswear from $75.00 to $68.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Barclays reduced their target price on shares of Columbia Sportswear from $62.00 to $51.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Finally, UBS Group reduced their target price on shares of Columbia Sportswear from $45.00 to $40.00 and set a “sell” rating on the stock in a report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $60.80.

Columbia Sportswear Price Performance

Shares of COLM stock opened at $53.45 on Friday. Columbia Sportswear Company has a 12 month low of $48.10 and a 12 month high of $92.88. The firm has a market capitalization of $2.93 billion, a P/E ratio of 13.64 and a beta of 1.00. The company’s fifty day moving average price is $59.06 and its two-hundred day moving average price is $68.46.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, July 31st. The textile maker reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.09. Columbia Sportswear had a net margin of 6.59% and a return on equity of 12.97%. The firm had revenue of $605.25 million for the quarter, compared to analyst estimates of $587.97 million. During the same quarter in the previous year, the business posted ($0.20) EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Columbia Sportswear Company will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. Columbia Sportswear’s payout ratio is presently 30.61%.

Columbia Sportswear Profile

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.