Northwestern Mutual Wealth Management Co. boosted its position in shares of Columbia Sportswear (NASDAQ:COLM – Get Rating) by 233.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 716 shares of the textile maker’s stock after purchasing an additional 501 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Columbia Sportswear were worth $65,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of COLM. Allspring Global Investments Holdings LLC purchased a new stake in Columbia Sportswear during the 4th quarter valued at about $43,000. Qube Research & Technologies Ltd purchased a new stake in Columbia Sportswear during the 4th quarter valued at about $17,812,000. Advisor Group Holdings Inc. grew its position in Columbia Sportswear by 7.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 9,848 shares of the textile maker’s stock valued at $960,000 after purchasing an additional 715 shares during the last quarter. ProShare Advisors LLC grew its position in Columbia Sportswear by 27.3% during the 4th quarter. ProShare Advisors LLC now owns 3,249 shares of the textile maker’s stock valued at $317,000 after purchasing an additional 697 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Columbia Sportswear by 40.3% during the 4th quarter. First Trust Advisors LP now owns 183,167 shares of the textile maker’s stock valued at $17,848,000 after purchasing an additional 52,646 shares during the last quarter. 48.65% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Stifel Nicolaus cut their price objective on shares of Columbia Sportswear from $100.00 to $81.00 in a research report on Wednesday, July 20th. Cowen lowered their target price on shares of Columbia Sportswear from $116.00 to $100.00 in a research note on Friday, May 13th. Cowen lowered their target price on shares of Columbia Sportswear to $95.00 in a research note on Monday, July 25th. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Finally, Robert W. Baird lowered their target price on shares of Columbia Sportswear from $85.00 to $82.00 and set a “neutral” rating on the stock in a research note on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $89.38.
Columbia Sportswear Stock Down 3.5 %
Shares of NASDAQ:COLM opened at $73.28 on Friday. The firm’s 50 day moving average price is $74.39 and its 200-day moving average price is $81.59. Columbia Sportswear has a twelve month low of $68.29 and a twelve month high of $107.50. The stock has a market capitalization of $4.61 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.78 and a beta of 0.89.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its earnings results on Wednesday, July 27th. The textile maker reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Columbia Sportswear had a net margin of 10.13% and a return on equity of 17.87%. The company had revenue of $578.06 million for the quarter, compared to analysts’ expectations of $592.35 million. During the same quarter last year, the business earned $0.61 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that Columbia Sportswear will post 5.18 earnings per share for the current fiscal year.
Columbia Sportswear Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, August 16th. Columbia Sportswear’s payout ratio is 23.76%.
Columbia Sportswear Profile
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.
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