M&T Bank Corp acquires 2,916 shares of Columbia Sportswear (NASDAQ:COLM)


M&T Bank Corp has acquired a new stake in Columbia Sportswear (NASDAQ:COLMGet a rating) during the first quarter, according to its most recent SEC filing. The company acquired 2,916 shares of the textile maker, valued at around $263,000.

A number of other hedge funds have also recently bought and sold shares of COLM. Allspring Global Investments Holdings LLC bought a new position in Columbia Sportswear in Q4 worth $43,000. Qube Research & Technologies Ltd bought a new position in Columbia Sportswear in Q4 worth $17,812,000. Zurcher Kantonalbank Zurcher Kantonalbank increased its position in Columbia Sportswear by 39.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,476 shares of the textile maker valued at $436,000 after buying 1,267 additional shares in the last quarter. Mutual of America Capital Management LLC increased its position in Columbia Sportswear 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 buying 151 additional shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its position in Columbia Sportswear shares by 7.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 9,848 shares of the textile maker worth $960,000 after buying 715 additional shares in the last quarter. 48.65% of the shares are currently held by institutional investors.

Analyst upgrades and downgrades

Several research companies have recently published reports on COLM. Robert W. Baird cut his price target on Columbia Sportswear from $85.00 to $82.00 and set a “neutral” rating on the stock in a Thursday, July 28 research report. Citigroup reduced its price target on Columbia Sportswear from $98.00 to $80.00 in a Thursday, July 28 research report. TheStreet lowered Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 research report. Cowen reduced his price target on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research report. To finish, StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a Friday, August 5 research report. One financial analyst has assigned the stock a sell rating, five have issued a hold rating and three have assigned the stock a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $89.38.

Columbia Sportswear is trading down 1.2%

Shares of Stock Columbia Sportswear opened at $77.04 on Thursday. The company has a market capitalization of $4.84 billion, a PE ratio of 15.26, a PEG 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 stock’s fifty-day simple moving average is $74.06 and its 200-day simple moving average is $82.64.

Columbia Sportswear (NASDAQ:COLMGet a rating) last released its quarterly earnings data 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 for the quarter, versus a consensus estimate of $592.35 million. Columbia Sportswear had a return on equity of 17.87% and a net margin of 10.13%. The company’s revenue increased by 2.1% compared to the same quarter last year. In the same quarter last year, the company posted EPS of $0.61. Analysts predict Columbia Sportswear will post an EPS of 5.18 for the current fiscal year.

Columbia Sportswear Announces Dividend

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

Columbia Sportswear Company Profile

(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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