American Century Companies Inc. boosted its stake in shares of Columbia Sportswear Company (NASDAQ:COLM – Free Report) by 3.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,003,611 shares of the textile maker’s stock after acquiring an additional 31,085 shares during the period. American Century Companies Inc. owned about 1.83% of Columbia Sportswear worth $52,489,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of COLM. Sellwood Investment Partners LLC acquired a new position in shares of Columbia Sportswear during the 3rd quarter worth about $26,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Columbia Sportswear during the second quarter valued at approximately $31,000. Fifth Third Bancorp lifted its position in shares of Columbia Sportswear by 630.0% in the third quarter. Fifth Third Bancorp now owns 511 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 441 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Columbia Sportswear by 208.3% in the first quarter. Jones Financial Companies Lllp now owns 555 shares of the textile maker’s stock worth $42,000 after acquiring an additional 375 shares during the last quarter. Finally, CX Institutional purchased a new stake in shares of Columbia Sportswear during the third quarter worth approximately $31,000. Institutional investors and hedge funds own 47.76% of the company’s stock.
Columbia Sportswear Stock Performance
Columbia Sportswear stock opened at $60.06 on Friday. The company’s 50 day simple moving average is $58.12 and its 200-day simple moving average is $55.25. Columbia Sportswear Company has a 1 year low of $47.47 and a 1 year high of $89.00. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 18.54 and a beta of 0.86.
Columbia Sportswear Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, March 9th. This represents a $1.20 dividend on an annualized basis and a yield of 2.0%. Columbia Sportswear’s dividend payout ratio is 37.04%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Citigroup restated a “neutral” rating and issued a $62.00 price objective (up from $55.00) on shares of Columbia Sportswear in a report on Wednesday, February 4th. BTIG Research reiterated a “buy” rating and issued a $75.00 target price on shares of Columbia Sportswear in a research report on Friday, January 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Columbia Sportswear in a research note on Monday, December 29th. Stifel Nicolaus boosted their price target on shares of Columbia Sportswear from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Finally, Robert W. Baird set a $63.00 price objective on shares of Columbia Sportswear in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.50.
View Our Latest Report on COLM
About Columbia Sportswear
Columbia Sportswear Company develops, sources, markets and distributes a wide range of outdoor apparel, footwear and accessories designed for activities such as hiking, skiing, snowboarding and trail running. Its product portfolio includes weatherproof jackets and pants featuring proprietary technologies like Omni-Tech® waterproofing and Omni-Heat® thermal reflective lining, as well as activewear, footwear, hats, gloves and accessories under the Columbia® brand and complementary brands.
Founded in 1938 as the Columbia Hat Company in Portland, Oregon, the company initially focused on headwear before expanding into outerwear in the 1970s with the introduction of the Bugaboo® interchange jacket.
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