Segall Bryant & Hamill LLC reduced its stake in Columbia Sportswear (NASDAQ:COLM) by 17.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 64,279 shares of the textile maker’s stock after selling 13,652 shares during the quarter. Segall Bryant & Hamill LLC owned 0.09% of Columbia Sportswear worth $3,958,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Ameritas Investment Partners Inc. lifted its holdings in Columbia Sportswear by 10.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock worth $149,000 after buying an additional 234 shares in the last quarter. Invictus RG acquired a new stake in shares of Columbia Sportswear in the 3rd quarter valued at $207,000. Advisor Group Inc. raised its holdings in shares of Columbia Sportswear by 11.2% in the 2nd quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock valued at $195,000 after purchasing an additional 339 shares in the last quarter. US Bancorp DE raised its holdings in shares of Columbia Sportswear by 36.1% in the 2nd quarter. US Bancorp DE now owns 3,564 shares of the textile maker’s stock valued at $207,000 after purchasing an additional 946 shares in the last quarter. Finally, Capital Investment Counsel Inc acquired a new stake in shares of Columbia Sportswear in the 2nd quarter valued at $207,000. Hedge funds and other institutional investors own 38.80% of the company’s stock.
A number of research firms recently commented on COLM. Zacks Investment Research raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Tuesday. BidaskClub raised shares of Columbia Sportswear from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Citigroup reissued a “buy” rating and set a $82.00 price objective on shares of Columbia Sportswear in a research report on Tuesday, December 19th. Stifel Nicolaus set a $74.00 target price on shares of Columbia Sportswear and gave the stock a “hold” rating in a research note on Friday, December 15th. Finally, DA Davidson set a $77.00 target price on shares of Columbia Sportswear and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $69.93.
Shares of Columbia Sportswear (NASDAQ COLM) traded up $1.16 during midday trading on Tuesday, hitting $73.04. 247,328 shares of the stock were exchanged, compared to its average volume of 219,900. Columbia Sportswear has a 1-year low of $51.56 and a 1-year high of $73.59. The stock has a market capitalization of $5,022.72, a P/E ratio of 26.18, a PEG ratio of 2.73 and a beta of 0.88.
Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, October 26th. The textile maker reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The firm had revenue of $747.37 million during the quarter, compared to the consensus estimate of $735.67 million. During the same period in the previous year, the firm earned $1.18 earnings per share. Columbia Sportswear’s revenue was up .2% compared to the same quarter last year. sell-side analysts forecast that Columbia Sportswear will post 2.72 earnings per share for the current fiscal year.
In other news, Director Malia H. Wasson sold 900 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $61.68, for a total transaction of $55,512.00. Following the transaction, the director now directly owns 1,089 shares of the company’s stock, valued at $67,169.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Walter Klenz sold 11,608 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $66.05, for a total transaction of $766,708.40. Following the transaction, the director now directly owns 21,619 shares in the company, valued at $1,427,934.95. The disclosure for this sale can be found here. 58.86% of the stock is owned by insiders.
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Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
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