Brasada Capital Management LP grew its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 25.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,669 shares of the textile maker’s stock after purchasing an additional 1,148 shares during the quarter. Brasada Capital Management LP’s holdings in Columbia Sportswear were worth $433,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of COLM. Teacher Retirement System of Texas bought a new position in shares of Columbia Sportswear during the fourth quarter valued at approximately $687,000. California Public Employees Retirement System grew its holdings in shares of Columbia Sportswear by 5.3% during the fourth quarter. California Public Employees Retirement System now owns 75,520 shares of the textile maker’s stock valued at $5,428,000 after purchasing an additional 3,820 shares during the last quarter. Swiss National Bank grew its holdings in shares of Columbia Sportswear by 3.0% during the fourth quarter. Swiss National Bank now owns 47,500 shares of the textile maker’s stock valued at $3,414,000 after purchasing an additional 1,400 shares during the last quarter. Advisory Services Network LLC grew its holdings in Columbia Sportswear by 1,788.8% in the 4th quarter. Advisory Services Network LLC now owns 2,021 shares of the textile maker’s stock worth $145,000 after buying an additional 1,914 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Columbia Sportswear by 1.2% in the 4th quarter. Bank of New York Mellon Corp now owns 250,139 shares of the textile maker’s stock worth $17,980,000 after buying an additional 2,977 shares in the last quarter. 38.56% of the stock is owned by institutional investors.
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Shares of NASDAQ COLM opened at $91.02 on Friday. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 2.49 and a beta of 0.89. Columbia Sportswear has a 1 year low of $54.89 and a 1 year high of $93.58.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, April 26th. The textile maker reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.19. The firm had revenue of $607.31 million during the quarter, compared to analyst estimates of $581.16 million. Columbia Sportswear had a return on equity of 13.58% and a net margin of 4.52%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS. equities research analysts predict that Columbia Sportswear will post 3.35 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Thursday, May 17th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, May 16th. Columbia Sportswear’s payout ratio is currently 29.53%.
A number of equities analysts recently issued reports on the company. Buckingham Research increased their price objective on Columbia Sportswear from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, April 27th. BidaskClub raised Columbia Sportswear from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 22nd. Needham & Company LLC assumed coverage on Columbia Sportswear in a report on Monday, April 23rd. They issued a “buy” rating and a $87.00 price objective for the company. Pivotal Research increased their price objective on Columbia Sportswear from $83.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, April 25th. Finally, DA Davidson increased their price objective on Columbia Sportswear from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, April 27th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $83.13.
In other Columbia Sportswear news, CAO Peter J. Bragdon sold 12,005 shares of the stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $89.09, for a total transaction of $1,069,525.45. Following the completion of the transaction, the chief accounting officer now directly owns 31,845 shares of the company’s stock, valued at approximately $2,837,071.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Thomas B. Cusick sold 8,343 shares of the stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $82.50, for a total value of $688,297.50. Following the transaction, the chief operating officer now directly owns 52,606 shares of the company’s stock, valued at $4,339,995. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,294 shares of company stock valued at $3,460,214. 56.68% of the stock is currently owned by corporate insiders.
Columbia Sportswear Profile
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active 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 various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.
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