Royce & Associates LP Sells 8,000 Shares of Columbia Sportswear Company (COLM)
Royce & Associates LP cut its position in shares of Columbia Sportswear Company (NASDAQ:COLM) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 650,430 shares of the textile maker’s stock after selling 8,000 shares during the period. Royce & Associates LP owned 0.93% of Columbia Sportswear worth $37,764,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Keybank National Association OH raised its stake in Columbia Sportswear by 87.6% in the first quarter. Keybank National Association OH now owns 24,200 shares of the textile maker’s stock worth $1,422,000 after buying an additional 11,300 shares during the period. HL Financial Services LLC raised its stake in Columbia Sportswear by 0.9% in the first quarter. HL Financial Services LLC now owns 4,022 shares of the textile maker’s stock worth $236,000 after buying an additional 35 shares during the period. Stevens Capital Management LP raised its stake in Columbia Sportswear by 6.7% in the first quarter. Stevens Capital Management LP now owns 26,772 shares of the textile maker’s stock worth $1,573,000 after buying an additional 1,687 shares during the period. Eagle Asset Management Inc. raised its stake in Columbia Sportswear by 2.6% in the first quarter. Eagle Asset Management Inc. now owns 127,033 shares of the textile maker’s stock worth $7,463,000 after buying an additional 3,201 shares during the period. Finally, Karp Capital Management Corp bought a new stake in Columbia Sportswear during the first quarter worth about $413,000. Institutional investors and hedge funds own 39.11% of the company’s stock.
Columbia Sportswear Company (NASDAQ:COLM) opened at 57.19 on Friday. Columbia Sportswear Company has a 12-month low of $51.56 and a 12-month high of $63.55. The company has a market cap of $3.99 billion, a P/E ratio of 20.85 and a beta of 0.80. The firm’s 50-day moving average price is $57.64 and its 200-day moving average price is $56.86.
Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, July 27th. The textile maker reported ($0.17) EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $398.90 million for the quarter, compared to analysts’ expectations of $394.53 million. During the same period last year, the firm earned ($0.12) earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts expect that Columbia Sportswear Company will post $2.79 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.72 annualized dividend and a dividend yield of 1.26%. Columbia Sportswear’s dividend payout ratio is presently 26.47%.
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A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus set a $60.00 target price on Columbia Sportswear and gave the company a “hold” rating in a research note on Sunday, July 30th. Canaccord Genuity set a $60.00 price objective on Columbia Sportswear and gave the company a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered Columbia Sportswear from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Cowen and Company set a $58.00 price objective on Columbia Sportswear and gave the company a “hold” rating in a research note on Wednesday, July 19th. Finally, B. Riley restated a “neutral” rating and set a $61.00 price objective on shares of Columbia Sportswear in a research note on Sunday, April 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $63.45.
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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