Exchange Traded Concepts LLC buys shares of 343 Columbia Sportswear (NASDAQ:COLM)


Exchange Traded Concepts LLC has acquired a new stake in Columbia Sportswear (NASDAQ:COLMGet a rating) during the first trimester, Participation channel reports. The fund bought 343 shares of the textile maker, valued at around $31,000.

A number of other institutional investors and hedge funds also changed their positions in the stock. O Shares Investment Advisers LLC increased its stake in Columbia Sportswear shares by 2.3% in Q4. O Shares Investment Advisers LLC now owns 5,610 shares of the textile maker valued at $547,000 after acquiring 128 additional shares during the period. Mutual of America Capital Management LLC increased its stake in Columbia Sportswear shares by 0.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 30,923 shares of the textile maker valued at $3,013,000 after acquiring 151 additional shares during the period. Louisiana State Employees Retirement System increased its stake in Columbia Sportswear stock by 2.2% in Q1. The Louisiana State Employees Retirement System now owns 9,100 shares of the textile maker valued at $817,000 after acquiring 200 additional shares during the period. Gotham Asset Management LLC increased its stake in shares of Columbia Sportswear by 6.1% in the fourth quarter. Gotham Asset Management LLC now owns 6,520 shares of the textile maker valued at $635,000 after acquiring 373 additional shares during the period. Finally, Greenwood Capital Associates LLC increased its stake in Columbia Sportswear shares by 5.5% in the fourth quarter. Greenwood Capital Associates LLC now owns 7,493 shares of the textile maker valued at $730,000 after acquiring 390 additional shares during the period. 48.65% of the shares are held by hedge funds and other institutional investors.

Insider activity

In related news, the director Ronald E.Nelson sold 3,706 shares in a trade on Thursday, May 5. The shares were 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 approximately $1,154,464.32. The sale was disclosed in a document filed with the SEC, accessible via the SEC website. In related news, manager Ronald E. Nelson sold 3,706 shares in a trade on Thursday, May 5. The shares were 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 approximately $1,154,464.32. The sale was disclosed in a document filed with the SEC, accessible via the SEC website. Also, 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 transaction of $208,367.52. Following the completion of the sale, the director now owns 112,627 shares of the company, valued at approximately $9,138,554.78. Disclosure of this sale can be found here. Insiders of the company own 42.37% of the shares of the company.

A Wall Street analyst gives his opinion

A number of equity research analysts have recently released COLM stock reports. Robert W. Baird cut his price target on Columbia Sportswear stock from $110.00 to $100.00 in a Friday, April 29 research note. Bank of America downgraded Columbia Sportswear shares from a ‘neutral’ to an ‘underperforming’ rating and cut its target price for the stock from $108.00 to $80.00 in a research note Friday, April 29. TheStreet downgraded shares of Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 research note. Cowen reduced his target price on shares of Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research note. Finally, Cowen reduced his price target on Columbia Sportswear shares from $116.00 to $100.00 in a Friday, May 13 research note. One equity research analyst rated the stock with a sell rating, four gave the company a hold rating and four gave the company a buy rating. According to data from MarketBeat, Columbia Sportswear has a consensus rating of “Hold” and an average price target of $103.43.

Columbia Sportswear trades down 0.4%

Shares of NASDAQ:COLM opened at $73.09 on Tuesday. Columbia Sportswear has a 52-week low of $68.29 and a 52-week high of $107.50. The company’s 50-day moving average is $74.93 and its two-hundred-day moving average is $85.11. The company has a market capitalization of $4.60 billion, a PE ratio of 13.17, a P/E/G ratio of 1.48 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLMGet a rating) last reported quarterly earnings data on Thursday, April 28. The textile maker reported EPS of $1.03 for the quarter, beating consensus analyst estimates of $0.86 by $0.17. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. The company posted revenue of $761.50 million for the quarter, versus a consensus estimate of $762.88 million. During the same period a year earlier, the company posted EPS of $0.84. The company’s quarterly revenue increased by 21.7% compared to the same quarter last year. As a group, equity research analysts expect Columbia Sportswear to post EPS of 5.88 for the current year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 2. Shareholders of record on Thursday, May 19 received a dividend of $0.30. This represents an annualized dividend of $1.20 and a dividend yield of 1.64%. The ex-dividend date was Wednesday, May 18. Columbia Sportswear’s payout ratio is 21.62%.

Profile 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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Want to see which other hedge funds hold COLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbia Sportswear (NASDAQ:COLMGet a rating).

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



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