Capital Investment Counsel Inc Invests $207,000 in Columbia Sportswear Company (COLM)
Capital Investment Counsel Inc acquired a new stake in Columbia Sportswear Company (NASDAQ:COLM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,565 shares of the textile maker’s stock, valued at approximately $207,000.
A number of other large investors have also recently bought and sold shares of the company. Teachers Advisors LLC raised its stake in Columbia Sportswear by 0.8% in the fourth quarter. Teachers Advisors LLC now owns 228,734 shares of the textile maker’s stock valued at $13,335,000 after buying an additional 1,846 shares during the period. Macquarie Group Ltd. raised its stake in Columbia Sportswear by 440.7% in the fourth quarter. Macquarie Group Ltd. now owns 31,900 shares of the textile maker’s stock valued at $1,860,000 after buying an additional 26,000 shares during the period. Creative Planning raised its stake in Columbia Sportswear by 0.6% in the first quarter. Creative Planning now owns 2,754 shares of the textile maker’s stock valued at $162,000 after buying an additional 17 shares during the period. First Midwest Bank Trust Division raised its stake in Columbia Sportswear by 3.1% in the first quarter. First Midwest Bank Trust Division now owns 17,244 shares of the textile maker’s stock valued at $1,013,000 after buying an additional 515 shares during the period. Finally, Eqis Capital Management Inc. raised its stake in Columbia Sportswear by 26.3% in the first quarter. Eqis Capital Management Inc. now owns 7,132 shares of the textile maker’s stock valued at $419,000 after buying an additional 1,483 shares during the period. Institutional investors own 39.11% of the company’s stock.
Columbia Sportswear Company (NASDAQ:COLM) opened at 56.45 on Friday. The stock’s 50 day moving average price is $57.89 and its 200 day moving average price is $56.77. Columbia Sportswear Company has a one year low of $51.56 and a one year high of $63.55. The firm has a market capitalization of $3.94 billion, a PE ratio of 20.58 and a beta of 0.80.
Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, July 27th. The textile maker reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.03. Columbia Sportswear had a net margin of 8.01% and a return on equity of 12.31%. The firm had revenue of $398.90 million for the quarter, compared to analyst estimates of $394.53 million. During the same quarter last year, the business earned ($0.12) earnings per share. Columbia Sportswear’s revenue was up 2.6% compared to the same quarter last year. Analysts expect that Columbia Sportswear Company will post $2.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, August 15th. This represents a $0.72 dividend on an annualized basis and a yield of 1.28%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 26.47%.
Several equities research analysts have commented on COLM shares. B. Riley reiterated a “neutral” rating and set a $61.00 price objective on shares of Columbia Sportswear in a research note on Tuesday, April 25th. Canaccord Genuity lowered Columbia Sportswear from a “buy” rating to a “hold” rating and cut their price objective for the stock from $64.00 to $60.00 in a research note on Friday, April 28th. Forward View lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Saturday, May 13th. Goldman Sachs Group, Inc. (The) lowered Columbia Sportswear from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, May 23rd. Finally, Buckingham Research reiterated a “neutral” rating and set a $58.00 price objective on shares of Columbia Sportswear in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $63.45.
In related news, Director Edward S. George sold 1,776 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $53.59, for a total transaction of $95,175.84. Following the sale, the director now owns 2,000 shares in the company, valued at $107,180. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 58.86% of the stock is currently owned by company insiders.
About Columbia Sportswear
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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