Westwood Holdings Group Inc. lifted its position in Columbia Sportswear (NASDAQ:COLM) by 19.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 490,247 shares of the textile maker’s stock after acquiring an additional 78,554 shares during the period. Westwood Holdings Group Inc. owned 0.70% of Columbia Sportswear worth $35,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COLM. Canada Pension Plan Investment Board acquired a new position in shares of Columbia Sportswear in the 3rd quarter valued at $1,835,000. Bank of New York Mellon Corp increased its position in shares of Columbia Sportswear by 2.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 247,162 shares of the textile maker’s stock valued at $15,221,000 after acquiring an additional 6,762 shares during the period. Comerica Bank increased its position in shares of Columbia Sportswear by 6.8% in the 3rd quarter. Comerica Bank now owns 48,765 shares of the textile maker’s stock valued at $3,101,000 after acquiring an additional 3,091 shares during the period. Russell Investments Group Ltd. increased its position in shares of Columbia Sportswear by 13.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 206,632 shares of the textile maker’s stock valued at $12,724,000 after acquiring an additional 24,950 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Columbia Sportswear in the 3rd quarter valued at $563,000. 38.94% of the stock is currently owned by hedge funds and other institutional investors.
In other news, COO Thomas B. Cusick sold 16,006 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $78.75, for a total transaction of $1,260,472.50. Following the sale, the chief operating officer now directly owns 47,355 shares in the company, valued at approximately $3,729,206.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Peter J. Bragdon sold 3,969 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $78.50, for a total value of $311,566.50. Following the sale, the chief accounting officer now owns 21,816 shares in the company, valued at $1,712,556. The disclosure for this sale can be found here. Insiders have sold a total of 87,495 shares of company stock worth $6,716,761 over the last 90 days. Insiders own 58.86% of the company’s stock.
Shares of Columbia Sportswear (NASDAQ COLM) opened at $77.93 on Friday. The firm has a market capitalization of $5,456.42, a PE ratio of 52.30, a price-to-earnings-growth ratio of 2.50 and a beta of 0.91. Columbia Sportswear has a 12-month low of $51.56 and a 12-month high of $79.38.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, February 8th. The textile maker reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.16. Columbia Sportswear had a return on equity of 12.65% and a net margin of 4.26%. The company had revenue of $776.00 million for the quarter, compared to the consensus estimate of $762.18 million. During the same period last year, the firm earned $1.20 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. research analysts predict that Columbia Sportswear will post 3.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Friday, March 9th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, March 8th. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.13%. Columbia Sportswear’s dividend payout ratio (DPR) is 59.06%.
Several equities analysts recently issued reports on the company. Zacks Investment Research downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Bank of America upped their target price on Columbia Sportswear from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Buckingham Research upped their target price on Columbia Sportswear from $67.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Goldman Sachs downgraded Columbia Sportswear from a “buy” rating to a “neutral” rating and set a $78.00 price target on the stock. in a research report on Tuesday, December 12th. Finally, Robert W. Baird increased their price target on Columbia Sportswear from $84.00 to $87.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Columbia Sportswear has an average rating of “Buy” and a consensus price target of $76.87.
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.
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