Legal & General Group Plc Has $581,000 Position in Columbia Sportswear Company (COLM)
Legal & General Group Plc boosted its stake in shares of Columbia Sportswear Company (NASDAQ:COLM) by 9.9% during the first quarter, Holdings Channel reports. The fund owned 9,881 shares of the textile maker’s stock after buying an additional 887 shares during the period. Legal & General Group Plc’s holdings in Columbia Sportswear were worth $581,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in COLM. JPMorgan Chase & Co. raised its stake in Columbia Sportswear by 10.7% in the first quarter. JPMorgan Chase & Co. now owns 1,509,656 shares of the textile maker’s stock valued at $88,693,000 after buying an additional 145,729 shares during the last quarter. Victory Capital Management Inc. raised its stake in Columbia Sportswear by 78.4% in the first quarter. Victory Capital Management Inc. now owns 910,295 shares of the textile maker’s stock valued at $53,480,000 after buying an additional 400,145 shares during the last quarter. Wellington Management Group LLP raised its stake in Columbia Sportswear by 4.9% in the first quarter. Wellington Management Group LLP now owns 472,736 shares of the textile maker’s stock valued at $27,774,000 after buying an additional 22,103 shares during the last quarter. American Century Companies Inc. purchased a new stake in Columbia Sportswear during the first quarter valued at approximately $24,494,000. Finally, William Blair Investment Management LLC raised its stake in Columbia Sportswear by 67.8% in the first quarter. William Blair Investment Management LLC now owns 340,355 shares of the textile maker’s stock valued at $19,996,000 after buying an additional 137,519 shares during the last quarter. 39.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Columbia Sportswear Company (NASDAQ COLM) opened at 59.18 on Friday. The firm has a 50-day moving average price of $57.17 and a 200-day moving average price of $56.53. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 21.57 and a beta of 0.80. Columbia Sportswear Company has a 12 month low of $51.56 and a 12 month high of $63.55.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, July 27th. The textile maker reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.03. The company had revenue of $398.90 million for the quarter, compared to analyst estimates of $394.53 million. Columbia Sportswear had a net margin of 8.01% and a return on equity of 12.32%. Columbia Sportswear’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.12) EPS. Equities analysts expect that Columbia Sportswear Company will post $2.79 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.22%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 26.47%.
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Several analysts have recently commented on COLM shares. B. Riley reaffirmed a “neutral” rating and set a $61.00 price target on shares of Columbia Sportswear in a research report on Sunday, April 30th. Zacks Investment Research lowered shares of Columbia Sportswear from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Buckingham Research reaffirmed a “neutral” rating and set a $58.00 price target on shares of Columbia Sportswear in a research report on Monday, July 17th. Canaccord Genuity set a $60.00 price target on shares of Columbia Sportswear and gave the company a “hold” rating in a research report on Tuesday, July 25th. Finally, Cowen and Company set a $58.00 price target on shares of Columbia Sportswear and gave the company a “hold” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Columbia Sportswear has a consensus rating of “Hold” and an average target price of $63.45.
In other Columbia Sportswear news, Director Edward S. George sold 1,776 shares of Columbia Sportswear stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $53.59, for a total value of $95,175.84. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $107,180. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 58.86% of the stock is owned by company insiders.
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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