First Trust Advisors LP lifted its position in shares of Columbia Sportswear (NASDAQ:COLM) by 85.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,990 shares of the textile maker’s stock after acquiring an additional 52,677 shares during the quarter. First Trust Advisors LP owned approximately 0.17% of Columbia Sportswear worth $11,875,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in shares of Columbia Sportswear by 2.1% during the fourth quarter. Rhumbline Advisers now owns 29,534 shares of the textile maker’s stock valued at $2,484,000 after purchasing an additional 612 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Columbia Sportswear by 38.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,026 shares of the textile maker’s stock valued at $591,000 after purchasing an additional 1,948 shares during the period. BlackRock Inc. increased its position in shares of Columbia Sportswear by 3.0% during the fourth quarter. BlackRock Inc. now owns 1,362,689 shares of the textile maker’s stock valued at $114,588,000 after purchasing an additional 39,573 shares during the period. Eagle Asset Management Inc. increased its position in shares of Columbia Sportswear by 11.2% during the fourth quarter. Eagle Asset Management Inc. now owns 118,657 shares of the textile maker’s stock valued at $9,977,000 after purchasing an additional 11,927 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Columbia Sportswear by 12.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,229 shares of the textile maker’s stock valued at $608,000 after purchasing an additional 776 shares during the period. 37.69% of the stock is currently owned by institutional investors.
COLM has been the topic of a number of research reports. Canaccord Genuity set a $107.00 price objective on Columbia Sportswear and gave the company a “hold” rating in a research report on Friday, April 26th. Wedbush reaffirmed an “underperform” rating on shares of Wipro in a research note on Wednesday. ValuEngine lowered Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, July 8th. Citigroup started coverage on Oxford Industries in a research note on Tuesday, April 16th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research raised Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Monday, April 29th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $113.15.
Columbia Sportswear stock traded down $0.19 on Friday, reaching $103.96. The company’s stock had a trading volume of 187,530 shares, compared to its average volume of 220,905. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.33 and a current ratio of 3.41. The stock has a market capitalization of $7.10 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 2.56 and a beta of 0.70. The company’s fifty day moving average is $99.21. Columbia Sportswear has a twelve month low of $80.03 and a twelve month high of $109.74.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, April 25th. The textile maker reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.23. The company had revenue of $654.61 million for the quarter, compared to analyst estimates of $646.77 million. Columbia Sportswear had a return on equity of 17.89% and a net margin of 10.43%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 earnings per share. As a group, equities research analysts forecast that Columbia Sportswear will post 4.55 earnings per share for the current year.
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 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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