Capstone Investment Advisors LLC acquired a new position in Columbia Sportswear Company (NASDAQ:COLM – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 39,904 shares of the textile maker’s stock, valued at approximately $2,467,000. Capstone Investment Advisors LLC owned about 0.08% of Columbia Sportswear at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Redwood Investment Management LLC bought a new stake in shares of Columbia Sportswear during the 2nd quarter worth $1,176,000. Corient Private Wealth LP bought a new position in Columbia Sportswear during the second quarter valued at about $500,000. Bank of America Corp DE bought a new position in Columbia Sportswear during the second quarter valued at about $15,746,000. Man Group plc purchased a new stake in Columbia Sportswear during the second quarter worth about $10,327,000. Finally, Jupiter Topco LLC purchased a new stake in Columbia Sportswear during the second quarter worth about $713,000. Institutional investors own 47.76% of the company’s stock.
Columbia Sportswear Price Performance
Columbia Sportswear stock opened at $56.84 on Friday. The firm has a market capitalization of $2.91 billion, a P/E ratio of 14.76 and a beta of 0.94. Columbia Sportswear Company has a one year low of $47.47 and a one year high of $69.06. The business has a fifty day moving average price of $61.27 and a 200-day moving average price of $60.77.
Columbia Sportswear Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, August 20th. Columbia Sportswear’s dividend payout ratio is presently 31.17%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Zacks Research cut shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Wall Street Zen raised shares of Columbia Sportswear from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings raised Columbia Sportswear from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Citigroup reissued a “neutral” rating and issued a $68.00 target price (up from $67.00) on shares of Columbia Sportswear in a research report on Wednesday, July 22nd. Finally, BTIG Research reaffirmed a “buy” rating and set a $80.00 price target on shares of Columbia Sportswear in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $65.40.
Check Out Our Latest Analysis on COLM
Columbia Sportswear Company Profile
Columbia Sportswear Company develops, sources, markets and distributes a wide range of outdoor apparel, footwear and accessories designed for activities such as hiking, skiing, snowboarding and trail running. Its product portfolio includes weatherproof jackets and pants featuring proprietary technologies like Omni-Tech® waterproofing and Omni-Heat® thermal reflective lining, as well as activewear, footwear, hats, gloves and accessories under the Columbia® brand and complementary brands.
Founded in 1938 as the Columbia Hat Company in Portland, Oregon, the company initially focused on headwear before expanding into outerwear in the 1970s with the introduction of the Bugaboo® interchange jacket.
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