February 5, 2023

Crossmark Global Holdings Inc. reduced its position in Columbia Sportswear (NASDAQ:COLM – Get Rating) by 64.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 5,220 shares of the textile manufacturer after selling 9,360 shares during the period. Crossmark Global Holdings Inc.’s holdings in Columbia Sportswear were valued at $351,000 at the end of the last reporting period.

Several other hedge funds and other institutional investors have also recently been buying and selling COLM stock. US Bancorp DE increased its stake in Columbia Sportswear by 19.8% in the first quarter. US Bancorp DE now owns 823 shares of the textile maker, valued at $75,000, after buying another 136 shares last quarter. Yousif Capital Management LLC increased its stake in Columbia Sportswear by 0.9% in the second quarter. Yousif Capital Management LLC now owns 18,731 shares of the textile manufacturer’s stock valued at $1,341,000 after purchasing an additional 170 shares during the period. The Alaska Department of Treasury increased its stake in Columbia Sportswear by 1.7% in the second quarter. The Alaskan Department of Treasury now owns 11,230 shares of the textile manufacturer’s stock valued at $803,000 after purchasing an additional 189 shares during the period. Securian Asset Management Inc. increased its stake in Columbia Sportswear by 6.5% in the third quarter. Securian Asset Management Inc. now owns 3,232 shares of the textile maker, valued at $218,000, after buying another 197 shares last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Columbia Sportswear by 0.9% during the second quarter. Envestnet Asset Management Inc. now owns 28,985 shares of the textile maker’s stock valued at $2,075,000 after buying another 249 shares last quarter. 48.75% of the shares are owned by institutional investors.

Wall Street analysts forecast growth

Several equity analysts recently rated COLM stock. TheStreet upgraded the shares of Columbia Sportswear from a “c+” rating to a “b” rating in a research note on Wednesday, November 23. Cowen raised his price target on Columbia Sportswear to $86.00 from $85.00 and gave the stock an outperform rating in a report Tuesday, September 27. UBS Group raised its target price on Columbia Sportswear to $92.00 from $90.00, giving the stock a “neutral” rating in a research note on Monday. Cowen raised his target price on shares of Columbia Sportswear to $89.00 in a report on Tuesday, November 1st. Finally, in a report Thursday, January 12, StockNews.com upgraded shares of Columbia Sportswear to a “buy” rating from a “hold” rating. One research analyst has assigned a sell rating to the stock, two have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $88.38.

Columbia Sportswear shares up 1.8%

COLM shares opened at $90.41 on Tuesday. The company has a 50-day simple moving average of $88.03 and a 200-day simple moving average of $78.63. The company has a market cap of $5.62 billion, a P/E of 16.96, a PEG ratio of 1.79 and a beta of 0.89. Columbia Sportswear has a 52-week low of $65.02 and a 52-week high of $101.64.

Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The clothing maker reported earnings per share (EPS) of $1.80 for the quarter, beating the consensus estimate of $1.67 by $0.13. Columbia Sportswear had a net margin of 10.01% and a return on equity of 18.64%. The company had revenue of $955.06 million for the quarter, compared to analysts’ expectations of $965.92 million. Equity analysts expect Columbia Sportswear to post 5.23 EPS for the year to date.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 1st. A dividend of $0.30 was paid to shareholders of record on Thursday, November 17th. The ex-dividend date of this dividend was Wednesday November 16th. That equates to an annualized dividend of $1.20 and a dividend yield of 1.33%. Columbia Sportswear’s dividend payout ratio (DPR) is 22.51%.

Company profile of Columbia Sportswear

(get rating)

Columbia Sportswear Co is engaged in the design, sourcing, marketing and distribution of outdoor and active lifestyle apparel, footwear, accessories and equipment. The Company operates through the following geographic segments: United States, Latin America and Asia Pacific, Europe, Middle East and Africa, and Canada.

Further reading

Want to see what other hedge funds are holding COLM? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Columbia Sportswear (NASDAQ:COLM – Get Rating).

Institutional Ownership by Quarter for Columbia Sportswear (NASDAQ:COLM)

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]

Hear this before you consider Columbia Sportswear.

MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes hold… and Columbia Sportswear wasn’t on the list.

While Columbia Sportswear is currently rated a Hold by analysts, top analysts believe these five stocks are better buys.

Check out the five stocks here

5G Stocks: The Way Forward Is Profitable Coverage

Leave a Reply

Your email address will not be published. Required fields are marked *