Brasada Capital Management LP boosted its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 25.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,669 shares of the textile maker’s stock after purchasing an additional 1,148 shares during the period. Brasada Capital Management LP’s holdings in Columbia Sportswear were worth $433,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Advisory Services Network LLC grew its holdings in shares of Columbia Sportswear by 1,788.8% in the 4th quarter. Advisory Services Network LLC now owns 2,021 shares of the textile maker’s stock valued at $145,000 after buying an additional 1,914 shares during the period. Martingale Asset Management L P bought a new stake in shares of Columbia Sportswear in the 4th quarter valued at about $202,000. Xact Kapitalforvaltning AB bought a new stake in shares of Columbia Sportswear in the 4th quarter valued at about $213,000. Commonwealth Equity Services LLC bought a new stake in shares of Columbia Sportswear in the 1st quarter valued at about $219,000. Finally, CIBC World Markets Inc. bought a new stake in shares of Columbia Sportswear in the 1st quarter valued at about $233,000. Hedge funds and other institutional investors own 38.86% of the company’s stock.
NASDAQ:COLM opened at $91.47 on Friday. Columbia Sportswear has a 1-year low of $54.89 and a 1-year high of $94.33. The stock has a market capitalization of $6.37 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 2.44 and a beta of 0.89.
Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, April 26th. The textile maker reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.19. Columbia Sportswear had a net margin of 4.52% and a return on equity of 13.58%. The business had revenue of $607.31 million for the quarter, compared to analysts’ expectations of $581.16 million. During the same quarter in the prior year, the business earned $0.51 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. research analysts anticipate that Columbia Sportswear will post 3.35 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Thursday, May 17th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Wednesday, May 16th. Columbia Sportswear’s payout ratio is 29.53%.
A number of research analysts have issued reports on COLM shares. Wedbush increased their target price on shares of Columbia Sportswear from $80.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, April 27th. Buckingham Research increased their price objective on shares of Columbia Sportswear from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, April 27th. Canaccord Genuity set a $81.00 price target on shares of Columbia Sportswear and gave the company a “hold” rating in a research note on Friday, April 27th. CL King cut shares of Columbia Sportswear to a “hold” rating in a research report on Friday, April 27th. They noted that the move was a valuation call. Finally, Pivotal Research increased their price objective on shares of Columbia Sportswear from $83.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, April 25th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $83.13.
In related news, Director Andy D. Bryant sold 19,946 shares of the firm’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $85.35, for a total value of $1,702,391.10. Following the completion of the transaction, the director now directly owns 46,277 shares of the company’s stock, valued at $3,949,741.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Peter J. Bragdon sold 12,005 shares of Columbia Sportswear stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $89.09, for a total transaction of $1,069,525.45. Following the transaction, the chief accounting officer now directly owns 31,845 shares of the company’s stock, valued at $2,837,071.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,294 shares of company stock worth $3,460,214. 56.68% of the stock is owned by company insiders.
About Columbia Sportswear
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active 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 various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.
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