Schwab Charles Investment Management Inc. Acquires 12,355 Shares of Columbia Sportswear Company (NASDAQ:COLM)
Schwab Charles Investment Management Inc. raised its position in shares of Columbia Sportswear Company (NASDAQ:COLM) by 6.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 197,865 shares of the textile maker’s stock after buying an additional 12,355 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.28% of Columbia Sportswear worth $11,625,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Allianz Asset Management AG bought a new position in shares of Columbia Sportswear during the fourth quarter worth approximately $256,000. Macquarie Group Ltd. increased its position in shares of Columbia Sportswear by 440.7% in the fourth quarter. Macquarie Group Ltd. now owns 31,900 shares of the textile maker’s stock worth $1,860,000 after buying an additional 26,000 shares during the last quarter. Creative Planning increased its position in shares of Columbia Sportswear by 0.6% in the first quarter. Creative Planning now owns 2,754 shares of the textile maker’s stock worth $162,000 after buying an additional 17 shares during the last quarter. Vanguard Group Inc. boosted its position in Columbia Sportswear by 31.7% in the first quarter. Vanguard Group Inc. now owns 2,774,168 shares of the textile maker’s stock valued at $162,982,000 after buying an additional 667,856 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position 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. 39.20% of the stock is currently owned by institutional investors and hedge funds.
Columbia Sportswear Company (NASDAQ COLM) opened at 59.43 on Wednesday. The company’s 50 day moving average price is $57.30 and its 200 day moving average price is $56.58. The company has a market cap of $4.14 billion, a P/E ratio of 21.67 and a beta of 0.80. Columbia Sportswear Company has a 52-week low of $51.56 and a 52-week high of $63.55.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, July 27th. The textile maker reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.03. Columbia Sportswear had a net margin of 8.01% and a return on equity of 12.31%. The business had revenue of $398.90 million during the quarter, compared to analyst estimates of $394.53 million. During the same period in the previous year, the business earned ($0.12) EPS. Columbia Sportswear’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts anticipate that Columbia Sportswear Company will post $2.79 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be paid 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 yield of 1.21%. Columbia Sportswear’s dividend payout ratio is 26.47%.
Several research analysts recently weighed in on COLM shares. B. Riley reaffirmed a “neutral” rating and set a $61.00 target price on shares of Columbia Sportswear in a report on Sunday, April 30th. Zacks Investment Research downgraded Columbia Sportswear from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Buckingham Research reissued a “neutral” rating and issued a $58.00 price objective on shares of Columbia Sportswear in a research note on Monday, July 17th. Canaccord Genuity set a $60.00 price objective on Columbia Sportswear and gave the stock a “hold” rating in a research note on Tuesday, July 25th. Finally, Cowen and Company set a $58.00 price target on Columbia Sportswear and gave the stock a “hold” rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Columbia Sportswear presently has a consensus rating of “Hold” and an average target price of $63.45.
In related news, Director Edward S. George sold 1,776 shares of Columbia Sportswear stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $107,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 58.86% of the stock is currently owned by 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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