Royal Bank of Canada Has $222,000 Holdings in Columbia Sportswear Company (COLM)
Royal Bank of Canada trimmed its position in shares of Columbia Sportswear Company (NASDAQ:COLM) by 43.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,812 shares of the textile maker’s stock after selling 2,902 shares during the quarter. Royal Bank of Canada’s holdings in Columbia Sportswear were worth $222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AHL Partners LLP boosted its holdings in Columbia Sportswear by 615.4% during the 2nd quarter. AHL Partners LLP now owns 95,722 shares of the textile maker’s stock worth $5,557,000 after acquiring an additional 82,341 shares during the last quarter. Clinton Group Inc. purchased a new position in Columbia Sportswear during the 2nd quarter worth $263,000. Tudor Investment Corp ET AL purchased a new position in Columbia Sportswear during the 2nd quarter worth $235,000. Stifel Financial Corp boosted its holdings in Columbia Sportswear by 4.1% during the 2nd quarter. Stifel Financial Corp now owns 4,122 shares of the textile maker’s stock worth $240,000 after acquiring an additional 162 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in Columbia Sportswear by 14.5% during the 2nd quarter. Voya Investment Management LLC now owns 13,082 shares of the textile maker’s stock worth $760,000 after acquiring an additional 1,660 shares during the last quarter. 38.48% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on COLM. Canaccord Genuity set a $60.00 price objective on shares of Columbia Sportswear and gave the stock a “hold” rating in a report on Friday, October 27th. FBR & Co reaffirmed a “buy” rating and set a $68.00 price objective on shares of Columbia Sportswear in a report on Friday, October 27th. Pivotal Research reaffirmed a “buy” rating and set a $74.00 price objective (up from $72.00) on shares of Columbia Sportswear in a report on Friday, October 27th. Stifel Nicolaus lifted their price objective on shares of Columbia Sportswear from $60.00 to $62.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Finally, Citigroup Inc. lifted their price objective on shares of Columbia Sportswear from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $64.92.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.10. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The company had revenue of $747.37 million for the quarter, compared to the consensus estimate of $735.67 million. During the same period in the previous year, the firm earned $1.18 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. analysts anticipate that Columbia Sportswear Company will post 2.71 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be paid a $0.19 dividend. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, November 15th. Columbia Sportswear’s payout ratio is currently 27.24%.
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In related news, Director Walter Klenz sold 11,608 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $66.05, for a total value of $766,708.40. Following the sale, the director now directly owns 21,619 shares in the company, valued at approximately $1,427,934.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Malia H. Wasson sold 900 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $61.68, for a total value of $55,512.00. Following the completion of the sale, the director now owns 1,089 shares in the company, valued at $67,169.52. The disclosure for this sale can be found here. Insiders sold a total of 19,172 shares of company stock worth $1,201,402 over the last 90 days. 58.86% of the stock is currently owned by company insiders.
Columbia Sportswear 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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