Columbia Sportswear (NASDAQ:COLM) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of Columbia Sportswear (NASDAQ:COLM) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 604,824 shares of the textile maker’s stock after acquiring an additional 4,727 shares during the quarter. Geode Capital Management LLC’s holdings in Columbia Sportswear were worth $50,328,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Petrus Trust Company LTA purchased a new stake in shares of Columbia Sportswear during the 3rd quarter worth about $715,000. Holocene Advisors LP grew its stake in Columbia Sportswear by 71.8% during the third quarter. Holocene Advisors LP now owns 57,200 shares of the textile maker’s stock worth $4,758,000 after buying an additional 23,909 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Columbia Sportswear by 0.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 107,102 shares of the textile maker’s stock worth $8,910,000 after acquiring an additional 794 shares in the last quarter. Bridgewater Associates LP raised its stake in shares of Columbia Sportswear by 3.1% in the 3rd quarter. Bridgewater Associates LP now owns 46,488 shares of the textile maker’s stock valued at $3,867,000 after acquiring an additional 1,410 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Columbia Sportswear during the 3rd quarter valued at $1,280,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Stifel Nicolaus raised their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen increased their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $80.75.

Columbia Sportswear Stock Performance

NASDAQ:COLM opened at $88.31 on Monday. Columbia Sportswear has a one year low of $73.04 and a one year high of $91.30. The business’s 50-day simple moving average is $84.13 and its 200 day simple moving average is $81.83. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 3.74 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.36 by $0.20. The company had revenue of $931.80 million during the quarter, compared to analysts’ expectations of $937.17 million. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The business’s revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 EPS. On average, equities research analysts predict that Columbia Sportswear will post 3.89 EPS for the current year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.36%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 33.15%.

Columbia Sportswear Profile

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.