Voya Investment Management LLC Has $760,000 Stake in Columbia Sportswear Company (COLM)

Voya Investment Management LLC lifted its stake in Columbia Sportswear Company (NASDAQ:COLM) by 14.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,082 shares of the textile maker’s stock after buying an additional 1,660 shares during the period. Voya Investment Management LLC’s holdings in Columbia Sportswear were worth $760,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COLM. SG Americas Securities LLC purchased a new position in shares of Columbia Sportswear in the first quarter worth about $114,000. Creative Planning increased its holdings in Columbia Sportswear by 2.6% during the 2nd quarter. Creative Planning now owns 2,826 shares of the textile maker’s stock valued at $164,000 after purchasing an additional 72 shares during the period. Advisor Group Inc. increased its holdings in Columbia Sportswear by 11.2% during the 2nd quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock valued at $195,000 after purchasing an additional 339 shares during the period. US Bancorp DE increased its holdings in Columbia Sportswear by 36.1% during the 2nd quarter. US Bancorp DE now owns 3,564 shares of the textile maker’s stock valued at $207,000 after purchasing an additional 946 shares during the period. Finally, Capital Investment Counsel Inc purchased a new position in Columbia Sportswear during the 2nd quarter valued at about $207,000. Hedge funds and other institutional investors own 38.94% of the company’s stock.

In other news, Director Edward S. George sold 6,664 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were 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 of the company’s stock, valued at $492,981.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 58.86% of the company’s stock.

Shares of Columbia Sportswear Company (COLM) opened at 63.59 on Tuesday. The company has a market capitalization of $4.44 billion, a PE ratio of 23.18 and a beta of 0.82. The firm’s 50-day moving average price is $60.70 and its 200 day moving average price is $57.91. Columbia Sportswear Company has a 52-week low of $51.56 and a 52-week high of $67.60.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Thursday, October 26th. The textile maker reported $1.25 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.10. The business had revenue of $747.37 million for the quarter, compared to analyst estimates of $735.67 million. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.45%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $1.18 earnings per share. On average, equities analysts forecast that Columbia Sportswear Company will post $2.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Columbia Sportswear’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.20%. Columbia Sportswear’s dividend payout ratio (DPR) is 25.81%.

A number of research analysts recently issued reports on the company. Canaccord Genuity restated a “neutral” rating on shares of Columbia Sportswear in a report on Wednesday, July 26th. 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. Pivotal Research restated a “buy” rating and set a $74.00 price target (up previously from $72.00) on shares of Columbia Sportswear in a report on Friday. Zacks Investment Research upgraded Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Finally, 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. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $64.92.

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Columbia Sportswear Profile

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.

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

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