Swiss National Bank Sells 1,300 Shares of Columbia Sportswear (NASDAQ:COLM)

Swiss National Bank cut its position in Columbia Sportswear (NASDAQ:COLMGet Rating) by 1.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 83,600 shares of the textile maker’s stock after selling 1,300 shares during the period. Swiss National Bank’s holdings in Columbia Sportswear were worth $5,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Columbia Sportswear in the 1st quarter valued at $27,000. Fifth Third Bancorp boosted its stake in Columbia Sportswear by 342.4% in the 2nd quarter. Fifth Third Bancorp now owns 438 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 339 shares during the period. Lazard Asset Management LLC bought a new stake in Columbia Sportswear in the 1st quarter valued at $45,000. Northwest Investment Counselors LLC bought a new stake in Columbia Sportswear in the 2nd quarter valued at $49,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Columbia Sportswear by 233.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 716 shares of the textile maker’s stock valued at $65,000 after purchasing an additional 501 shares during the period. 48.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Cowen boosted their price target on Columbia Sportswear from $85.00 to $86.00 and gave the company an “outperform” rating in a research note on Tuesday, September 27th. Robert W. Baird dropped their price objective on Columbia Sportswear from $85.00 to $82.00 and set a “neutral” rating for the company in a report on Thursday, July 28th. UBS Group dropped their price objective on Columbia Sportswear from $83.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, July 28th. StockNews.com assumed coverage on Columbia Sportswear in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Cowen lifted their price objective on Columbia Sportswear to $89.00 in a report on Tuesday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $86.88.

Insider Transactions at Columbia Sportswear

In other news, CFO Jim A. Swanson acquired 500 shares of Columbia Sportswear stock in a transaction that occurred on Monday, August 29th. The shares were acquired at an average price of $72.99 per share, for a total transaction of $36,495.00. Following the transaction, the chief financial officer now directly owns 5,197 shares of the company’s stock, valued at approximately $379,329.03. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.37% of the stock is owned by insiders.

Columbia Sportswear Stock Performance

Columbia Sportswear stock opened at $88.49 on Thursday. Columbia Sportswear has a 52 week low of $65.02 and a 52 week high of $103.74. The stock has a market capitalization of $5.50 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 1.91 and a beta of 0.88. The stock has a fifty day moving average of $74.40 and a 200-day moving average of $74.55.

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 16th. 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 currently 22.51%.

Columbia Sportswear Company Profile

(Get Rating)

Columbia Sportswear Company, together with its subsidiaries, designs, sources, 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 that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.

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

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