New York State Common Retirement Fund sells 1,448 shares of Columbia Sportswear (NASDAQ:COLM)


The New York State Common Retirement Fund reduced its stake in Columbia Sportswear (NASDAQ:COLMGet a rating) by 3.2% in Q1, according to its latest 13F filing with the Securities & Exchange Commission. The fund held 44,000 shares of the textile maker after selling 1,448 shares during the period. The New York State Common Retirement Fund held 0.07% of Columbia Sportswear worth $3,983,000 at the end of the last quarter.

Other hedge funds and other institutional investors also changed their positions in the company. Mutual of America Capital Management LLC increased its stake in Columbia Sportswear by 0.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 30,923 shares of the textile maker worth $3,013,000 after acquiring 151 additional shares last quarter. 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 buying an additional 200 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Columbia Sportswear in Q1 worth approximately $31,000. 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 buying 373 additional shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Columbia Sportswear by 2.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,343 shares of the textile maker valued at $1,592,000 after purchasing an additional 392 shares during the period. 48.65% of the shares are currently held by institutional investors.

Columbia Sportswear Stock Up 0.2%

Shares of NASDAQ COLM opened at $76.39 on Friday. The company’s 50-day moving average price is $74.21 and its two-hundred-day moving average price is $82.87. The company has a market capitalization of $4.80 billion, a PE ratio of 15.13, a growth price-earnings ratio of 1.80 and a beta of 0.89. Columbia Sportswear has a twelve month low of $68.29 and a twelve month high of $107.50.

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

Columbia Sportswear Dividend Announcement

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. This represents an annualized dividend of $1.20 and a dividend yield of 1.57%. The ex-dividend date is Tuesday, August 16. Columbia Sportswear’s dividend payout ratio (DPR) is currently 23.76%.

Analysts set new price targets

Several analysts have published reports on the company. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a Friday, August 5 research note. Stifel Nicolaus lowered his target price on Columbia Sportswear by $100.00 to $81.00 in a Wednesday, July 20 research report. Cowen lowered his target price on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 research report. Robert W. Baird lowered his target price on Columbia Sportswear from $85.00 to $82.00 and set a “neutral” rating on the stock in a Thursday, July 28 research report. Finally, Bank of America downgraded Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its target price for the company from $108.00 to $80.00 in a Friday research report. April 29. One equity research analyst gave the stock a sell rating, five issued a hold rating and three gave the company a buy rating. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target 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, 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.

Further reading

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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