Capital Fund Management S.A. purchased a new stake in shares of Columbia Sportswear Co. (NASDAQ:COLM) during the second quarter, Holdings Channel reports. The fund purchased 37,100 shares of the company’s stock, valued at approximately $2,135,000.
A number of other large investors have also recently made changes to their positions in the stock. State Street Corp boosted its position in Columbia Sportswear by 0.3% in the first quarter. State Street Corp now owns 472,600 shares of the company’s stock worth $28,391,000 after buying an additional 1,520 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new position in Columbia Sportswear during the first quarter worth about $36,550,000. Goldman Sachs Group Inc. boosted its position in Columbia Sportswear by 300.0% in the first quarter. Goldman Sachs Group Inc. now owns 475,516 shares of the company’s stock worth $28,574,000 after buying an additional 356,630 shares during the last quarter. M&T Bank Corp purchased a new position in Columbia Sportswear during the first quarter worth about $408,000. Finally, Moody Aldrich Partners LLC boosted its position in Columbia Sportswear by 134.7% in the second quarter. Moody Aldrich Partners LLC now owns 16,655 shares of the company’s stock worth $958,000 after buying an additional 9,560 shares during the last quarter. 36.55% of the stock is owned by institutional investors and hedge funds.
Shares of Columbia Sportswear Co. (NASDAQ:COLM) traded up 0.12% on Thursday, hitting $56.68. 115,333 shares of the stock traded hands. The stock’s 50 day moving average price is $56.22 and its 200 day moving average price is $57.38. The stock has a market cap of $3.95 billion, a P/E ratio of 22.60 and a beta of 0.89. Columbia Sportswear Co. has a 52-week low of $43.56 and a 52-week high of $66.00.
Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. Columbia Sportswear had a net margin of 7.48% and a return on equity of 12.14%. The business had revenue of $388.70 million for the quarter, compared to analysts’ expectations of $392.02 million. During the same period last year, the business earned ($0.09) EPS. The company’s revenue was up 2.2% compared to the same quarter last year. On average, equities analysts expect that Columbia Sportswear Co. will post $2.67 EPS for the current fiscal year.
COLM has been the topic of a number of analyst reports. Canaccord Genuity upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and boosted their price objective for the company from $59.00 to $72.00 in a research report on Tuesday, September 20th. Zacks Investment Research cut shares of Columbia Sportswear from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Brean Capital restated a “hold” rating on shares of Columbia Sportswear in a research report on Thursday, September 22nd. Credit Suisse Group AG restated a “hold” rating on shares of Columbia Sportswear in a research report on Sunday, August 7th. Finally, FBR & Co boosted their price objective on shares of Columbia Sportswear from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $62.75.
About Columbia Sportswear
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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