RMB Capital Management LLC lifted its holdings in Columbia Sportswear (NASDAQ:COLM) by 18.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,836 shares of the textile maker’s stock after purchasing an additional 5,008 shares during the period. RMB Capital Management LLC’s holdings in Columbia Sportswear were worth $2,677,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in COLM. Murphy Pohlad Asset Management LLC acquired a new stake in shares of Columbia Sportswear in the 4th quarter valued at $42,000. Commonwealth Bank of Australia acquired a new stake in shares of Columbia Sportswear in the 3rd quarter valued at $111,000. Tower Research Capital LLC TRC lifted its stake in shares of Columbia Sportswear by 268.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,536 shares of the textile maker’s stock valued at $143,000 after purchasing an additional 1,119 shares during the last quarter. CENTRAL TRUST Co bought a new position in Columbia Sportswear in the 4th quarter worth $145,000. Finally, Benjamin F. Edwards & Company Inc. bought a new position in Columbia Sportswear in the 4th quarter worth $176,000. 36.99% of the stock is owned by institutional investors and hedge funds.
In other news, Director Edward S. George sold 7,706 shares of the business’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $105.32, for a total transaction of $811,595.92. Following the transaction, the director now owns 9,706 shares in the company, valued at approximately $1,022,235.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Franco Fogliato sold 8,893 shares of the business’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $107.60, for a total transaction of $956,886.80. Following the transaction, the executive vice president now owns 16,944 shares in the company, valued at approximately $1,823,174.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,919 shares of company stock worth $8,651,940. Insiders own 56.68% of the company’s stock.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, February 7th. The textile maker reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.41. Columbia Sportswear had a net margin of 9.57% and a return on equity of 16.79%. The company had revenue of $917.60 million for the quarter, compared to the consensus estimate of $859.06 million. During the same quarter in the previous year, the firm posted $1.31 EPS. The business’s revenue was up 18.2% compared to the same quarter last year. On average, equities research analysts forecast that Columbia Sportswear will post 4.44 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Thursday, March 7th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $0.96 annualized dividend and a dividend yield of 0.93%. Columbia Sportswear’s payout ratio is 23.94%.
COLM has been the topic of several recent analyst reports. BidaskClub upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. Wedbush reiterated an “outperform” rating on shares of Columbia Sportswear in a report on Wednesday, January 16th. Zacks Investment Research downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Macquarie set a $118.00 target price on shares of Columbia Sportswear and gave the stock a “buy” rating in a report on Friday, February 8th. Finally, Cowen set a $118.00 target price on shares of Columbia Sportswear and gave the stock a “buy” rating in a report on Friday, February 8th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Columbia Sportswear presently has a consensus rating of “Buy” and an average target price of $106.53.
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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 and 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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