Man Group plc increased its position in shares of Columbia Sportswear (NASDAQ:COLM) by 1,803.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,888 shares of the textile maker’s stock after acquiring an additional 81,375 shares during the period. Man Group plc owned about 0.13% of Columbia Sportswear worth $9,072,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Pacer Advisors Inc. lifted its holdings in Columbia Sportswear by 2.9% during the 1st quarter. Pacer Advisors Inc. now owns 3,258 shares of the textile maker’s stock worth $344,000 after buying an additional 93 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Columbia Sportswear by 25.7% in the first quarter. Whittier Trust Co. now owns 591 shares of the textile maker’s stock valued at $62,000 after acquiring an additional 121 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Columbia Sportswear by 1.9% in the first quarter. Thrivent Financial for Lutherans now owns 8,138 shares of the textile maker’s stock valued at $860,000 after purchasing an additional 153 shares during the period. Retirement Systems of Alabama grew its stake in Columbia Sportswear by 0.4% during the 1st quarter. Retirement Systems of Alabama now owns 39,859 shares of the textile maker’s stock worth $4,210,000 after purchasing an additional 159 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its holdings in Columbia Sportswear by 0.3% during the 1st quarter. Pinnacle Associates Ltd. now owns 65,616 shares of the textile maker’s stock worth $6,931,000 after purchasing an additional 226 shares during the period. Institutional investors own 42.66% of the company’s stock.
In other Columbia Sportswear news, EVP Joseph P. Boyle sold 1,053 shares of Columbia Sportswear stock in a transaction that occurred on Friday, April 23rd. The stock was sold at an average price of $112.79, for a total transaction of $118,767.87. Following the transaction, the executive vice president now owns 2,476,369 shares of the company’s stock, valued at $279,309,659.51. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 41.15% of the company’s stock.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, April 29th. The textile maker reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.51. The firm had revenue of $625.61 million during the quarter, compared to analysts’ expectations of $583.33 million. Columbia Sportswear had a net margin of 6.40% and a return on equity of 9.25%. On average, sell-side analysts expect that Columbia Sportswear will post 4.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 27th. Investors of record on Thursday, May 13th were given a $0.26 dividend. The ex-dividend date was Wednesday, May 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.04%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 64.20%.
A number of equities analysts have recently commented on the company. Robert W. Baird boosted their price objective on Columbia Sportswear from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, June 10th. Pivotal Research boosted their price target on shares of Columbia Sportswear from $110.00 to $116.00 in a report on Friday, April 30th. TheStreet upgraded shares of Columbia Sportswear from a “c+” rating to a “b-” rating in a report on Wednesday, June 16th. Finally, Zacks Investment Research downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating and set a $106.00 target price for the company. in a research note on Tuesday, July 6th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $115.14.
Columbia Sportswear Profile
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.
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