Russell Investments Group Ltd. sells 11,741 shares of Columbia Sportswear (NASDAQ:COLM)


Russell Investments Group Ltd. reduced its position in Columbia Sportswear (NASDAQ:COLMGet a rating) by 19.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor held 47,985 shares of the textile maker after selling 11,741 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.08% of Columbia Sportswear worth $4,341,000 when last filed with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COLM. Allspring Global Investments Holdings LLC bought a new position in Columbia Sportswear in the fourth quarter worth approximately $43,000. New Jersey State Joint Pension Fund D increased its stake in Columbia Sportswear by 2.8% in the fourth quarter. New Jersey State Joint Pension Fund D now owns 27,197 shares of the textile maker worth $2,650,000 after buying 752 more shares last quarter. Yousif Capital Management LLC bought a new position in Columbia Sportswear in the fourth quarter worth approximately $1,774,000. Qube Research & Technologies Ltd bought a new position in Columbia Sportswear in the fourth quarter for a value of approximately $17,812,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Columbia Sportswear by 39.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,476 shares of the textile maker worth $436,000 after buying 1,267 additional shares last quarter. Institutional investors hold 48.65% of the company’s shares.

A Wall Street analyst gives his opinion

A number of analysts have weighed in on COLM shares. TheStreet lowered Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 report. Citigroup lowered its target price on Columbia Sportswear from $98.00 to $80.00 in a Thursday, July 28 report. Cowen lowered his target price on Columbia Sportswear from $116.00 to $100.00 in a Friday, May 13 report. Cowen lowered his target price on Columbia Sportswear to $95.00 in a Monday, July 25 report. Finally, Bank of America downgraded Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its target price for the stock from $108.00 to $80.00 in a Friday 29 report. april. One analyst rated the stock with a sell rating, five issued a hold rating and three gave the company’s stock a buy rating. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $89.38.

Columbia Sportswear trades up 0.6%

Shares of COLM opened at $76.22 on Friday. Columbia Sportswear has a 12 month minimum of $68.29 and a 12 month maximum of $107.50. The stock has a fifty-day moving average price of $74.29 and a 200-day moving average price of $82.96. The company has a market capitalization of $4.79 billion, a PE ratio of 15.09, a P/E/G ratio of 1.76 and a beta of 0.89.

Columbia Sportswear (NASDAQ:COLMGet a rating) last reported results 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. The company posted revenue of $578.06 million in the quarter, versus analyst estimates of $592.35 million. Columbia Sportswear had a return on equity of 17.87% and a net margin of 10.13%. The company’s quarterly revenue increased 2.1% year over year. In the same quarter last year, the company posted EPS of $0.61. As a group, research analysts expect Columbia Sportswear to post EPS of 5.18 for the current year.

Columbia Sportswear Dividend Announcement

The company also recently announced 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 a dividend of $1.20 on an annualized basis and a yield of 1.57%. Columbia Sportswear’s dividend payout ratio (DPR) is 23.76%.

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

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



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