JPMorgan Chase & Co. Grows Holdings in Columbia Sportswear Company (COLM)

JPMorgan Chase & Co. boosted its position in shares of Columbia Sportswear Company (NASDAQ:COLM) by 9.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,789,254 shares of the textile maker’s stock after purchasing an additional 148,269 shares during the quarter. JPMorgan Chase & Co. owned about 2.56% of Columbia Sportswear worth $108,662,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Columbia Sportswear by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,802,549 shares of the textile maker’s stock valued at $162,716,000 after acquiring an additional 28,381 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Columbia Sportswear by 0.8% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,888,128 shares of the textile maker’s stock valued at $116,271,000 after acquiring an additional 15,673 shares in the last quarter. BlackRock Inc. boosted its position in Columbia Sportswear by 6.0% during the 2nd quarter. BlackRock Inc. now owns 1,733,820 shares of the textile maker’s stock valued at $100,665,000 after acquiring an additional 98,264 shares in the last quarter. Victory Capital Management Inc. boosted its position in Columbia Sportswear by 14.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,072,520 shares of the textile maker’s stock valued at $66,046,000 after acquiring an additional 137,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Columbia Sportswear by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 717,052 shares of the textile maker’s stock valued at $41,631,000 after acquiring an additional 6,371 shares in the last quarter. Institutional investors own 39.08% of the company’s stock.

Shares of Columbia Sportswear Company (NASDAQ:COLM) opened at $69.89 on Monday. The firm has a market capitalization of $4,883.63, a price-to-earnings ratio of 25.05, a PEG ratio of 2.66 and a beta of 0.89. Columbia Sportswear Company has a 52-week low of $51.56 and a 52-week high of $71.65.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.10. The firm had revenue of $747.37 million during the quarter, compared to analysts’ expectations of $735.67 million. Columbia Sportswear had a return on equity of 12.30% and a net margin of 8.18%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 EPS. research analysts anticipate that Columbia Sportswear Company will post 2.71 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th were given a $0.19 dividend. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, November 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.09%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 27.24%.

Several analysts have issued reports on the company. B. Riley reaffirmed a “buy” rating on shares of Columbia Sportswear in a research report on Wednesday, November 1st. Citigroup increased their target price on Columbia Sportswear from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Pivotal Research reaffirmed a “buy” rating and set a $74.00 target price (up previously from $72.00) on shares of Columbia Sportswear in a research report on Friday, October 27th. Canaccord Genuity set a $60.00 target price on Columbia Sportswear and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $60.00 target price on shares of Columbia Sportswear in a research report on Wednesday, October 4th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Columbia Sportswear has a consensus rating of “Buy” and a consensus price target of $64.33.

In other news, Director Walter Klenz sold 11,608 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $66.05, for a total value of $766,708.40. Following the completion of the sale, the director now owns 21,619 shares of the company’s stock, valued at approximately $1,427,934.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Malia H. Wasson sold 900 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $61.68, for a total value of $55,512.00. Following the completion of the sale, the director now directly owns 1,089 shares of the company’s stock, valued at approximately $67,169.52. The disclosure for this sale can be found here. 58.86% of the stock is owned by company insiders.

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About Columbia Sportswear

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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