Goldman Sachs Group Inc. lowered its stake in Columbia Sportswear Company (NASDAQ:COLM) by 12.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 425,158 shares of the textile maker’s stock after selling 60,184 shares during the period. Goldman Sachs Group Inc. owned approximately 0.61% of Columbia Sportswear worth $24,685,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Columbia Sportswear in the first quarter valued at about $114,000. Ameritas Investment Partners Inc. bought a new position in Columbia Sportswear in the first quarter valued at about $137,000. Creative Planning grew its position in Columbia Sportswear by 2.6% in the second quarter. Creative Planning now owns 2,826 shares of the textile maker’s stock valued at $164,000 after acquiring an additional 72 shares during the last quarter. Advisor Group Inc. grew its position in Columbia Sportswear by 11.2% in the second quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock valued at $195,000 after acquiring an additional 339 shares during the last quarter. Finally, US Bancorp DE grew its position in Columbia Sportswear by 36.1% in the second quarter. US Bancorp DE now owns 3,564 shares of the textile maker’s stock valued at $207,000 after acquiring an additional 946 shares during the last quarter. Institutional investors own 38.92% of the company’s stock.
A number of research analysts have issued reports on COLM shares. Cowen and Company set a $58.00 target price on Columbia Sportswear and gave the company a “hold” rating in a research report on Monday, August 21st. Robert W. Baird restated a “buy” rating and set a $68.00 price target on shares of Columbia Sportswear in a report on Sunday, September 17th. Pivotal Research assumed coverage on Columbia Sportswear in a report on Thursday, October 5th. They set a “buy” rating and a $72.00 price target on the stock. Zacks Investment Research upgraded Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Finally, Stifel Nicolaus restated a “hold” rating and set a $60.00 price target on shares of Columbia Sportswear in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Columbia Sportswear has an average rating of “Hold” and a consensus price target of $63.92.
Columbia Sportswear Company (NASDAQ:COLM) opened at 60.40 on Friday. The company has a 50 day moving average price of $59.26 and a 200-day moving average price of $57.60. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 22.02 and a beta of 0.82. Columbia Sportswear Company has a 1-year low of $51.56 and a 1-year high of $63.55.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, July 27th. The textile maker reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.03. Columbia Sportswear had a return on equity of 12.31% and a net margin of 8.01%. The business had revenue of $398.90 million for the quarter, compared to analyst estimates of $394.53 million. During the same period last year, the company earned ($0.12) EPS. Columbia Sportswear’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts forecast that Columbia Sportswear Company will post $2.79 EPS for the current fiscal year.
In related news, Director Edward S. George sold 6,664 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $56.90, for a total transaction of $379,181.60. Following the transaction, the director now directly owns 8,664 shares in the company, valued at approximately $492,981.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 58.86% of the stock is owned by company insiders.
About Columbia Sportswear
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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