Columbia Sportswear Company (COLM) Shares Bought by Envestnet Asset Management Inc.
Envestnet Asset Management Inc. raised its position in shares of Columbia Sportswear Company (NASDAQ:COLM) by 19.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,027 shares of the company’s stock after buying an additional 1,282 shares during the period. Envestnet Asset Management Inc.’s holdings in Columbia Sportswear Company were worth $469,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of Columbia Sportswear Company by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 1,266,412 shares of the company’s stock worth $71,857,000 after buying an additional 49,448 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Columbia Sportswear Company by 6.5% in the third quarter. BlackRock Fund Advisors now owns 688,085 shares of the company’s stock worth $39,042,000 after buying an additional 41,906 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in shares of Columbia Sportswear Company during the third quarter worth $29,811,000. State Street Corp increased its position in shares of Columbia Sportswear Company by 3.6% in the fourth quarter. State Street Corp now owns 484,862 shares of the company’s stock worth $28,263,000 after buying an additional 16,957 shares in the last quarter. Finally, Calamos Advisors LLC acquired a new position in shares of Columbia Sportswear Company during the fourth quarter worth $23,518,000. Institutional investors and hedge funds own 38.11% of the company’s stock.
Columbia Sportswear Company (NASDAQ:COLM) opened at 57.53 on Tuesday. The stock has a 50 day moving average price of $55.60 and a 200-day moving average price of $57.12. Columbia Sportswear Company has a 1-year low of $51.70 and a 1-year high of $63.55. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 21.15 and a beta of 0.78.
Columbia Sportswear Company (NASDAQ:COLM) last released its earnings results on Thursday, February 9th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.10. The firm earned $717.40 million during the quarter, compared to analysts’ expectations of $758.88 million. Columbia Sportswear Company had a return on equity of 12.77% and a net margin of 8.07%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 EPS. Equities analysts predict that Columbia Sportswear Company will post $2.80 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Shareholders of record on Thursday, March 9th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Tuesday, March 7th. Columbia Sportswear Company’s dividend payout ratio (DPR) is presently 26.57%.
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A number of research analysts have recently weighed in on COLM shares. Zacks Investment Research upgraded Columbia Sportswear Company from a “sell” rating to a “hold” rating in a report on Wednesday, March 8th. Guggenheim reissued a “buy” rating and set a $55.00 price objective on shares of Columbia Sportswear Company in a research report on Friday, February 10th. FBR & Co reissued an “outperform” rating and set a $68.00 price objective on shares of Columbia Sportswear Company in a research report on Friday, February 10th. Cowen and Company reissued a “market perform” rating and set a $58.00 price objective on shares of Columbia Sportswear Company in a research report on Friday, February 10th. Finally, B. Riley reissued a “neutral” rating and set a $61.00 price objective on shares of Columbia Sportswear Company in a research report on Tuesday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. Columbia Sportswear Company has a consensus rating of “Hold” and an average target price of $65.25.
In other news, COO Bryan Timm sold 4,012 shares of the stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $57.73, for a total transaction of $231,612.76. Following the completion of the transaction, the chief operating officer now directly owns 83,649 shares in the company, valued at approximately $4,829,056.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Peter J. Bragdon sold 23,806 shares of the stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $57.49, for a total transaction of $1,368,606.94. Following the transaction, the chief accounting officer now owns 20,273 shares of the company’s stock, valued at $1,165,494.77. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,446 shares of company stock valued at $1,975,392. Corporate insiders own 62.12% of the company’s stock.
About Columbia Sportswear Company
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada.
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