Kennedy Capital Management LLC lowered its holdings in Columbia Sportswear (NASDAQ:COLM – Free Report) by 27.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,221 shares of the textile maker’s stock after selling 5,057 shares during the period. Kennedy Capital Management LLC’s holdings in Columbia Sportswear were worth $980,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in COLM. Raymond James & Associates grew its position in shares of Columbia Sportswear by 23.4% in the first quarter. Raymond James & Associates now owns 18,898 shares of the textile maker’s stock valued at $1,711,000 after purchasing an additional 3,588 shares during the period. US Bancorp DE grew its position in Columbia Sportswear by 19.8% during the first quarter. US Bancorp DE now owns 823 shares of the textile maker’s stock valued at $75,000 after acquiring an additional 136 shares during the period. PNC Financial Services Group Inc. grew its position in Columbia Sportswear by 14.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,112 shares of the textile maker’s stock valued at $192,000 after acquiring an additional 264 shares during the period. MetLife Investment Management LLC grew its position in Columbia Sportswear by 34.6% during the first quarter. MetLife Investment Management LLC now owns 22,554 shares of the textile maker’s stock valued at $2,042,000 after acquiring an additional 5,803 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Columbia Sportswear by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,668 shares of the textile maker’s stock valued at $1,147,000 after acquiring an additional 1,208 shares during the period. Hedge funds and other institutional investors own 47.76% of the company’s stock.
Columbia Sportswear Stock Performance
NASDAQ:COLM opened at $80.69 on Monday. Columbia Sportswear has a one year low of $66.01 and a one year high of $91.63. The business’s 50-day simple moving average is $79.56 and its 200 day simple moving average is $76.56. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 3.30 and a beta of 0.94.
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last posted its earnings results on Thursday, February 1st. The textile maker reported $1.86 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.14). The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. Columbia Sportswear had a net margin of 7.21% and a return on equity of 14.11%. On average, equities research analysts predict that Columbia Sportswear will post 3.7 EPS for the current year.
Columbia Sportswear Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, March 7th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 29.06%.
Analyst Ratings Changes
A number of research firms have issued reports on COLM. TheStreet raised Columbia Sportswear from a “c+” rating to a “b-” rating in a research report on Monday, December 11th. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, UBS Group lowered their price target on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, Columbia Sportswear currently has a consensus rating of “Hold” and an average price target of $78.00.
Get Our Latest Stock Report on COLM
Insider Activity
In other news, Director Ronald E. Nelson sold 5,768 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total transaction of $473,264.40. Following the completion of the transaction, the director now directly owns 16,857 shares of the company’s stock, valued at $1,383,116.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Stephen E. Babson sold 2,411 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $80.98, for a total value of $195,242.78. Following the completion of the transaction, the director now directly owns 122,879 shares of the company’s stock, valued at approximately $9,950,741.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald E. Nelson sold 5,768 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total value of $473,264.40. Following the completion of the transaction, the director now directly owns 16,857 shares of the company’s stock, valued at $1,383,116.85. The disclosure for this sale can be found here. Corporate insiders own 43.00% of the company’s stock.
Columbia Sportswear Profile
(Free Report)
Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday 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 for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.
Recommended Stories
Want to see what other hedge funds are holding COLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbia Sportswear (NASDAQ:COLM – Free Report).
Receive News & Ratings for Columbia Sportswear Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Columbia Sportswear and related companies with MarketBeat.com’s FREE daily email newsletter.