Columbia Sportswear (NASDAQ:COLM) shares purchased by Envestnet Asset Management Inc.


Envestnet Asset Management Inc. increased its stake in shares of Columbia Sportswear (NASDAQ:COLMGet a rating) by 20.3% during the 1st quarter, according to the company in its most recent communication to the Securities & Exchange Commission. The company held 28,736 shares of the textile maker after acquiring 4,855 additional shares during the quarter. Envestnet Asset Management Inc.’s holdings in Columbia Sportswear were worth $2,601,000 at the end of the last quarter.

Other institutional investors and hedge funds have also been buying and selling shares of the company recently. Exchange Traded Concepts LLC acquired a new stake in Columbia Sportswear during the first quarter worth approximately $31,000. Allspring Global Investments Holdings LLC acquired a new stake in Columbia Sportswear during the fourth quarter worth approximately $43,000. Nisa Investment Advisors LLC acquired a new stake in Columbia Sportswear during the first quarter worth approximately $195,000. Versor Investments LP bought a new position in Columbia Sportswear in Q1 worth approximately $267,000. Finally, CENTRAL TRUST Co increased its position in Columbia Sportswear by 93.4% in the 4th quarter. CENTRAL TRUST Co now owns 3,019 shares of the textile maker worth $294,000 after buying 1,458 additional shares in the last quarter. Institutional investors and hedge funds own 48.65% of the company’s shares.

Columbia Sportswear Price Performance

COLM share opened at $77.04 on Thursday. The company has a market capitalization of $4.84 billion, a PE ratio of 15.26, a P/E/G ratio of 1.82 and a beta of 0.89. Columbia Sportswear has a 12 month minimum of $68.29 and a 12 month maximum of $107.50. The company has a 50-day simple moving average of $74.06 and a 200-day simple moving average of $82.64.

Columbia Sportswear (NASDAQ:COLMGet a rating) last released its quarterly results on Wednesday, July 27. The textile maker reported EPS of $0.11 for the quarter, beating the consensus estimate of $0.04 by $0.07. The company posted revenue of $578.06 million in the quarter, versus a consensus estimate of $592.35 million. Columbia Sportswear had a net margin of 10.13% and a return on equity of 17.87%. The company’s quarterly revenue increased 2.1% year over year. In the same quarter of the previous year, the company achieved EPS of $0.61. As a group, sell-side analysts expect Columbia Sportswear to post earnings per share of 5.18 for the current year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31. Investors of record on Wednesday August 17 will receive a dividend of $0.30. The ex-dividend date is Tuesday, August 16. This represents an annualized dividend of $1.20 and a dividend yield of 1.56%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 23.76%.

Analyst upgrades and downgrades

Several research companies have commented on COLM. Robert W. Baird cut his price target on Columbia Sportswear shares from $85.00 to $82.00 and set a “neutral” rating for the company in a Thursday, July 28 research report. Stifel Nicolaus lowered his price target on Columbia Sportswear shares from $100.00 to $81.00 in a Wednesday, July 20 research report. Cowen lowered his price target on shares of Columbia Sportswear to $95.00 in a Monday, July 25 research report. Citigroup lowered its price target on shares of Columbia Sportswear from $98.00 to $80.00 in a Thursday, July 28 report. Finally, UBS Group lowered its price target on Columbia Sportswear shares from $83.00 to $80.00 and set a “neutral” rating for the company in a Thursday, July 28 report. One research analyst rated the stock with a sell rating, five gave the company’s stock a hold rating and three gave the company’s stock a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $89.38.

About Columbia Sportswear

(Get a rating)

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, 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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