Bank of New York Mellon Corp Raises Stake in Columbia Sportswear (COLM)

Bank of New York Mellon Corp raised its holdings in Columbia Sportswear (NASDAQ:COLM) by 2.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 247,162 shares of the textile maker’s stock after acquiring an additional 6,762 shares during the quarter. Bank of New York Mellon Corp owned 0.35% of Columbia Sportswear worth $15,221,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. American Century Companies Inc. raised its stake in shares of Columbia Sportswear by 38.4% during the 2nd quarter. American Century Companies Inc. now owns 576,986 shares of the textile maker’s stock worth $33,500,000 after buying an additional 160,070 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Columbia Sportswear by 14.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,072,520 shares of the textile maker’s stock worth $66,046,000 after buying an additional 137,900 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Columbia Sportswear by 8.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,640,985 shares of the textile maker’s stock worth $95,276,000 after buying an additional 131,329 shares during the last quarter. BlackRock Inc. raised its stake in shares of Columbia Sportswear by 6.0% during the 2nd quarter. BlackRock Inc. now owns 1,733,820 shares of the textile maker’s stock worth $100,665,000 after buying an additional 98,264 shares during the last quarter. Finally, AHL Partners LLP raised its stake in shares of Columbia Sportswear by 615.4% during the 2nd quarter. AHL Partners LLP now owns 95,722 shares of the textile maker’s stock worth $5,557,000 after buying an additional 82,341 shares during the last quarter. 38.68% of the stock is owned by institutional investors.

Columbia Sportswear (COLM) traded up $0.26 on Friday, reaching $73.50. The company’s stock had a trading volume of 137,472 shares, compared to its average volume of 230,278. The stock has a market cap of $5,120.00, a PE ratio of 26.34, a price-to-earnings-growth ratio of 2.39 and a beta of 0.89. Columbia Sportswear has a 52 week low of $51.56 and a 52 week high of $73.59.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.25 EPS for the quarter, beating the consensus estimate of $1.15 by $0.10. The company had revenue of $747.37 million during the quarter, compared to analysts’ expectations of $735.67 million. Columbia Sportswear had a return on equity of 12.30% and a net margin of 8.18%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 EPS. equities analysts predict that Columbia Sportswear will post 2.7 EPS for the current fiscal year.

In other news, Director Malia H. Wasson sold 900 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $61.68, for a total transaction of $55,512.00. Following the completion of the sale, the director now owns 1,089 shares in the company, valued at approximately $67,169.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Walter Klenz sold 11,608 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $66.05, for a total value of $766,708.40. Following the sale, the director now owns 21,619 shares of the company’s stock, valued at approximately $1,427,934.95. The disclosure for this sale can be found here. 58.86% of the stock is owned by insiders.

Several research analysts have recently issued reports on COLM shares. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 price target on shares of Columbia Sportswear in a research note on Sunday, October 22nd. Zacks Investment Research raised Columbia Sportswear from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Pivotal Research assumed coverage on Columbia Sportswear in a research note on Thursday, October 5th. They set a “buy” rating and a $72.00 price target for the company. Guggenheim reissued a “buy” rating and issued a $75.00 target price on shares of Columbia Sportswear in a research note on Friday, December 15th. Finally, BidaskClub downgraded shares of Columbia Sportswear from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Columbia Sportswear presently has an average rating of “Buy” and a consensus price target of $70.33.

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Columbia Sportswear Company Profile

Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.

Institutional Ownership by Quarter for Columbia Sportswear (NASDAQ:COLM)

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