Curi RMB Capital LLC increased its holdings in Columbia Sportswear Company (NASDAQ:COLM – Free Report) by 0.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,309 shares of the textile maker’s stock after acquiring an additional 842 shares during the quarter. Curi RMB Capital LLC’s holdings in Columbia Sportswear were worth $12,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Columbia Sportswear in the 1st quarter worth approximately $38,000. Quarry LP bought a new position in Columbia Sportswear in the 1st quarter worth about $44,000. Whipplewood Advisors LLC grew its position in Columbia Sportswear by 12,400.0% during the 1st quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 620 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Columbia Sportswear by 1,943.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 899 shares of the textile maker’s stock valued at $68,000 after purchasing an additional 855 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Columbia Sportswear during the 4th quarter valued at about $76,000. Institutional investors own 47.76% of the company’s stock.
Columbia Sportswear Trading Up 0.4%
Shares of COLM opened at $56.62 on Thursday. The firm has a fifty day simple moving average of $57.50 and a two-hundred day simple moving average of $65.94. The firm has a market cap of $3.10 billion, a PE ratio of 14.44 and a beta of 0.96. Columbia Sportswear Company has a 1-year low of $48.10 and a 1-year high of $92.88.
Columbia Sportswear Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. Columbia Sportswear’s dividend payout ratio is presently 30.61%.
Analyst Upgrades and Downgrades
COLM has been the topic of several analyst reports. Cfra Research upgraded shares of Columbia Sportswear to a “hold” rating in a research note on Monday, August 4th. Stifel Nicolaus decreased their price objective on shares of Columbia Sportswear from $75.00 to $68.00 and set a “buy” rating for the company in a report on Friday, August 1st. Barclays lowered their price objective on Columbia Sportswear from $62.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Citigroup reduced their target price on Columbia Sportswear from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, August 1st. Finally, Needham & Company LLC assumed coverage on Columbia Sportswear in a report on Friday, May 30th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $60.80.
View Our Latest Stock Analysis on Columbia Sportswear
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.
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