Schwab Charles Investment Management Inc. Grows Stake in Columbia Sportswear (COLM)

Schwab Charles Investment Management Inc. lifted its position in shares of Columbia Sportswear (NASDAQ:COLM) by 21.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 247,843 shares of the textile maker’s stock after buying an additional 43,329 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.35% of Columbia Sportswear worth $15,263,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its stake in shares of Columbia Sportswear by 10.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,563 shares of the textile maker’s stock worth $149,000 after buying an additional 234 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Columbia Sportswear by 11.2% during the 2nd quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock worth $195,000 after buying an additional 339 shares during the last quarter. US Bancorp DE raised its stake in shares of Columbia Sportswear by 36.1% during the 2nd quarter. US Bancorp DE now owns 3,564 shares of the textile maker’s stock worth $207,000 after buying an additional 946 shares during the last quarter. Amalgamated Bank acquired a new position in shares of Columbia Sportswear during the 2nd quarter worth $214,000. Finally, Tudor Investment Corp ET AL purchased a new stake in Columbia Sportswear during the 2nd quarter worth about $235,000. 38.80% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently commented on the company. B. Riley reiterated a “buy” rating on shares of Columbia Sportswear in a research report on Wednesday, November 1st. Citigroup reiterated a “buy” rating and set a $82.00 price objective on shares of Columbia Sportswear in a research report on Tuesday. Guggenheim reiterated a “buy” rating and set a $75.00 price objective on shares of Columbia Sportswear in a research report on Friday, December 15th. BidaskClub upgraded Columbia Sportswear from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Finally, Goldman Sachs Group cut Columbia Sportswear from a “buy” rating to a “neutral” rating and set a $78.00 price objective for the company. in a research report on Tuesday, December 12th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $69.14.

In other Columbia Sportswear news, Director Malia H. Wasson sold 900 shares of Columbia Sportswear stock in a transaction dated 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 owns 1,089 shares in the company, valued at approximately $67,169.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Walter Klenz sold 11,608 shares of Columbia Sportswear stock in a transaction dated Friday, November 17th. The shares were 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 disclosure for this sale can be found here. 58.86% of the stock is owned by insiders.

Shares of Columbia Sportswear (COLM) opened at $71.60 on Friday. The company has a market capitalization of $4,969.62, a PE ratio of 25.49, a price-to-earnings-growth ratio of 2.70 and a beta of 0.89. Columbia Sportswear has a fifty-two week low of $51.56 and a fifty-two week high of $71.82.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.25 EPS for the quarter, beating the consensus estimate of $1.15 by $0.10. The company 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 firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 EPS. analysts forecast that Columbia Sportswear will post 2.71 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were issued a $0.19 dividend. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $0.76 annualized dividend and a yield of 1.06%. Columbia Sportswear’s payout ratio is 27.24%.

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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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