SG Americas Securities LLC boosted its holdings in shares of Columbia Sportswear Company (NASDAQ:COLM – Free Report) by 161.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,166 shares of the textile maker’s stock after acquiring an additional 20,483 shares during the period. SG Americas Securities LLC owned approximately 0.06% of Columbia Sportswear worth $1,827,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COLM. Wealth Enhancement Advisory Services LLC raised its position in shares of Columbia Sportswear by 41.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,248 shares of the textile maker’s stock worth $700,000 after purchasing an additional 3,619 shares during the period. GAMMA Investing LLC increased its stake in Columbia Sportswear by 265.7% during the 4th quarter. GAMMA Investing LLC now owns 1,726 shares of the textile maker’s stock worth $95,000 after purchasing an additional 1,254 shares in the last quarter. Allworth Financial LP raised its holdings in Columbia Sportswear by 690.0% during the 3rd quarter. Allworth Financial LP now owns 553 shares of the textile maker’s stock worth $29,000 after buying an additional 483 shares during the period. JPMorgan Chase & Co. raised its holdings in Columbia Sportswear by 215.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,083,624 shares of the textile maker’s stock worth $56,674,000 after buying an additional 739,584 shares during the period. Finally, Sunbelt Securities Inc. bought a new position in Columbia Sportswear in the third quarter valued at approximately $103,000. 47.76% of the stock is owned by institutional investors and hedge funds.
Columbia Sportswear Price Performance
Shares of Columbia Sportswear stock opened at $54.45 on Monday. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 16.81 and a beta of 0.89. The company has a 50-day simple moving average of $58.27 and a two-hundred day simple moving average of $55.26. Columbia Sportswear Company has a twelve month low of $47.47 and a twelve month high of $74.05.
Columbia Sportswear Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Monday, March 9th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, March 9th. Columbia Sportswear’s dividend payout ratio is 37.04%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on COLM shares. Citigroup reissued a “neutral” rating and set a $62.00 price objective (up from $55.00) on shares of Columbia Sportswear in a research report on Wednesday, February 4th. Stifel Nicolaus upped their price objective on Columbia Sportswear from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Zacks Research upgraded shares of Columbia Sportswear from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Wall Street Zen upgraded Columbia Sportswear from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Columbia Sportswear in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.50.
Read Our Latest Research Report on Columbia Sportswear
Columbia Sportswear Profile
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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