Columbia Sportswear Co. (COLM) Shares Sold by California Public Employees Retirement System
California Public Employees Retirement System lowered its position in Columbia Sportswear Co. (NASDAQ:COLM) by 6.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 76,000 shares of the company’s stock after selling 5,400 shares during the period. California Public Employees Retirement System owned approximately 0.11% of Columbia Sportswear worth $4,312,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Columbia Sportswear by 0.3% in the first quarter. State Street Corp now owns 472,600 shares of the company’s stock worth $28,391,000 after buying an additional 1,520 shares during the period. First Trust Advisors LP acquired a new stake in shares of Columbia Sportswear during the second quarter worth approximately $964,000. Moody Aldrich Partners LLC boosted its stake in shares of Columbia Sportswear by 134.7% in the second quarter. Moody Aldrich Partners LLC now owns 16,655 shares of the company’s stock worth $958,000 after buying an additional 9,560 shares during the period. HL Financial Services LLC acquired a new stake in shares of Columbia Sportswear during the second quarter worth approximately $245,000. Finally, TrimTabs Asset Management LLC acquired a new stake in shares of Columbia Sportswear during the second quarter worth approximately $1,552,000. Institutional investors own 37.06% of the company’s stock.
Columbia Sportswear Co. (NASDAQ:COLM) traded down 1.36% on Monday, hitting $59.59. 205,715 shares of the stock traded hands. Columbia Sportswear Co. has a 12-month low of $43.56 and a 12-month high of $62.95. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 24.71 and a beta of 0.79. The firm’s 50-day moving average price is $58.65 and its 200-day moving average price is $57.02.
Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, October 27th. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.01. Columbia Sportswear had a net margin of 7.23% and a return on equity of 11.42%. The firm earned $745.71 million during the quarter, compared to the consensus estimate of $770.47 million. During the same quarter in the previous year, the company posted $1.28 EPS. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Columbia Sportswear Co. will post $2.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 17th will be paid a $0.18 dividend. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $0.72 annualized dividend and a yield of 1.22%. Columbia Sportswear’s payout ratio is presently 29.88%.
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A number of equities research analysts have recently commented on COLM shares. B. Riley reiterated a “neutral” rating and issued a $64.00 target price on shares of Columbia Sportswear in a research report on Monday, August 1st. Credit Suisse Group AG reiterated a “hold” rating on shares of Columbia Sportswear in a research report on Sunday, August 7th. Canaccord Genuity restated a “hold” rating and set a $59.00 price objective on shares of Columbia Sportswear in a research report on Sunday, September 11th. KeyCorp initiated coverage on shares of Columbia Sportswear in a research report on Thursday, September 22nd. They set a “sector weight” rating for the company. Finally, Brean Capital restated a “hold” rating on shares of Columbia Sportswear in a research report on Thursday, September 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. Columbia Sportswear has an average rating of “Hold” and a consensus target price of $66.00.
In related news, Director Sarah Bany sold 20,488 shares of the business’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $56.82, for a total value of $1,164,128.16. Following the completion of the transaction, the director now owns 1,594,589 shares of the company’s stock, valued at approximately $90,604,546.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 62.12% of the stock is currently owned by corporate insiders.
Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada.
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