2,150 shares of Columbia Sportswear (NASDAQ:COLM) acquired by Nisa Investment Advisors LLC


Nisa Investment Advisors LLC acquired a new position in Columbia Sportswear (NASDAQ:COLMGet an assessment) during the first quarter, according to its latest filing with the Securities & Exchange Commission. The fund acquired 2,150 shares of the textile maker, valued at around $195,000.

A number of other hedge funds and other institutional investors have also recently changed their positions in the stock. Exchange Traded Concepts LLC acquired a new position in Columbia Sportswear in the first quarter worth approximately $31,000. Allspring Global Investments Holdings LLC acquired a new position in Columbia Sportswear in the fourth quarter worth approximately $43,000. CENTRAL TRUST Co increased its stake in Columbia Sportswear by 93.4% in the fourth quarter. CENTRAL TRUST Co now owns 3,019 shares of the textile maker valued at $294,000 after purchasing an additional 1,458 shares during the period. ProShare Advisors LLC increased its stake in Columbia Sportswear by 27.3% in the fourth quarter. ProShare Advisors LLC now owns 3,249 shares of the textile maker valued at $317,000 after buying an additional 697 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Columbia Sportswear in the fourth quarter valued at approximately $331,000. 48.65% of the shares are held by institutional investors and hedge funds.

Analyst upgrades and downgrades

Several equity analysts have published reports on COLM shares. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a Wednesday, July 6, research note. TheStreet downgraded Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 report. Stifel Nicolaus lowered his price target on Columbia Sportswear by $100.00 to $81.00 in a Wednesday, July 20 report. Bank of America downgraded Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its price target for the company from $108.00 to $80.00 in a Friday, April 29 report. Finally, Robert W. Baird lowered his price target on Columbia Sportswear from $110.00 to $100.00 in a Friday, April 29 report. One research analyst rated the stock with a sell rating, four assigned a hold rating and four issued a buy rating to the company’s shares. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $98.43.

Columbia Sportswear trades up 3.1%

Shares of Stock Columbia Sportswear opened at $74.69 on Thursday. The stock has a fifty-day simple moving average of $74.63 and a 200-day simple moving average of $84.27. Columbia Sportswear has a 12 month minimum of $68.29 and a 12 month maximum of $107.50. The company has a market capitalization of $4.70 billion, a P/E ratio of 13.46, a price-to-earnings growth ratio of 1.53 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLMGet an assessment) last announced its quarterly results on Wednesday, July 27. The textile maker reported earnings per share (EPS) of $0.11 for the quarter, beating the consensus estimate of $0.04 by $0.07. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. The company posted revenue of $578.06 million in the quarter, versus a consensus estimate of $592.35 million. In the same quarter a year earlier, the company posted earnings per share of $0.61. Columbia Sportswear revenue increased 2.1% compared to the same quarter last year. On average, analysts predict Columbia Sportswear will post an EPS of 5.83 for the current year.

Insider buying and selling

In related news, the director Ronald E.Nelson sold 3,706 shares of the company in a trade on Thursday, May 5. The stock was sold at an average price of $80.16, for a total transaction of $297,072.96. Following the completion of the sale, the administrator now owns 14,402 shares of the company, valued at $1,154,464.32. The sale was disclosed in a filing with the Securities & Exchange Commission, available at this link. In other Columbia Sportswear news, director Stephen E. Babson sold 2,568 shares of the company in a trade on Tuesday, May 3. The stock was sold at an average price of $81.14, for a total value of $208,367.52. Following completion of the transaction, the administrator now owns 112,627 shares of the company, valued at approximately $9,138,554.78. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Additionally, director Ronald E. Nelson sold 3,706 shares of the company in a trade on Thursday, May 5. The shares were sold at an average price of $80.16, for a total value of $297,072.96. Following completion of the transaction, the administrator now owns 14,402 shares of the company, valued at approximately $1,154,464.32. Disclosure of this sale can be found here. 42.37% of the shares are currently held by company insiders.

Columbia Sportswear Company Profile

(Get an assessment)

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia-Pacific, Europe, the Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.

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Institutional ownership by quarter for Columbia Sportswear (NASDAQ:COLM)



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