O Shaughnessy Asset Management LLC lifted its holdings in Columbia Sportswear (NASDAQ:COLM) by 30.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,127 shares of the textile maker’s stock after acquiring an additional 965 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Columbia Sportswear were worth $428,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Murphy Pohlad Asset Management LLC purchased a new stake in shares of Columbia Sportswear in the 4th quarter worth about $42,000. Quadrant Capital Group LLC purchased a new stake in shares of Columbia Sportswear in the 1st quarter worth about $61,000. Whittier Trust Co. purchased a new stake in shares of Columbia Sportswear in the 1st quarter worth about $156,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Columbia Sportswear in the 4th quarter worth about $176,000. Finally, NINE MASTS CAPITAL Ltd purchased a new stake in shares of Columbia Sportswear in the 4th quarter worth about $185,000. Hedge funds and other institutional investors own 37.42% of the company’s stock.
COLM traded up $1.63 during trading on Friday, reaching $100.16. 475,600 shares of the company traded hands, compared to its average volume of 352,868. The company has a current ratio of 3.41, a quick ratio of 2.33 and a debt-to-equity ratio of 0.20. Columbia Sportswear has a 12-month low of $80.03 and a 12-month high of $109.74. The business’s fifty day simple moving average is $97.04. The stock has a market capitalization of $6.71 billion, a P/E ratio of 24.98, a P/E/G ratio of 2.42 and a beta of 0.69.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Wednesday, May 15th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 23.94%.
Several analysts recently commented on COLM shares. Zacks Investment Research downgraded shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 25th. BidaskClub downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Citigroup initiated coverage on shares of Columbia Sportswear in a research note on Tuesday, April 16th. They issued a “buy” rating on the stock. Wedbush increased their price objective on shares of Columbia Sportswear from $111.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Finally, Pivotal Research reiterated a “buy” rating and issued a $117.00 price objective (up previously from $112.00) on shares of Columbia Sportswear in a research note on Tuesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $108.93.
In related news, EVP Joseph P. Boyle sold 13,013 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $106.00, for a total value of $1,379,378.00. Following the completion of the transaction, the executive vice president now directly owns 2,313,048 shares of the company’s stock, valued at $245,183,088. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Murrey R. Albers sold 11,608 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $97.32, for a total transaction of $1,129,690.56. Following the completion of the transaction, the director now directly owns 39,350 shares of the company’s stock, valued at $3,829,542. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,671 shares of company stock valued at $2,726,369. 56.57% of the stock is currently owned by insiders.
Columbia Sportswear Profile
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 and 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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