Raymond James & Associates Raises Stock Position in Columbia Sportswear (NASDAQ:COLM)

Raymond James & Associates increased its stake in Columbia Sportswear (NASDAQ:COLM – Get Rating) by 3.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,410 shares of the textile maker’s stock after purchasing an additional 847 shares during the quarter. Raymond James & Associates’ holdings in Columbia Sportswear were worth $1,643,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COLM. Ronald Blue Trust Inc. boosted its stake in shares of Columbia Sportswear by 203.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 391 shares of the textile maker’s stock worth $28,000 after acquiring an additional 262 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Columbia Sportswear by 342.4% during the 2nd quarter. Fifth Third Bancorp now owns 438 shares of the textile maker’s stock worth $31,000 after acquiring an additional 339 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Columbia Sportswear during the 1st quarter worth $45,000. Northwest Investment Counselors LLC purchased a new position in shares of Columbia Sportswear during the 2nd quarter worth $49,000. Finally, US Bancorp DE boosted its stake in shares of Columbia Sportswear by 19.8% during the 1st quarter. US Bancorp DE now owns 823 shares of the textile maker’s stock worth $75,000 after acquiring an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 48.75% of the company’s stock.

Columbia Sportswear Stock Performance

Shares of NASDAQ COLM opened at $90.60 on Wednesday. The company has a market cap of $5.63 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.79 and a beta of 0.89. The firm’s fifty day moving average is $88.19 and its two-hundred day moving average is $78.75. Columbia Sportswear has a 52-week low of $65.02 and a 52-week high of $101.64.

Columbia Sportswear (NASDAQ:COLM – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.13. The company had revenue of $955.06 million for the quarter, compared to the consensus estimate of $965.92 million. Columbia Sportswear had a net margin of 10.01% and a return on equity of 18.64%. As a group, analysts forecast that Columbia Sportswear will post 5.23 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.32%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 22.51%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on COLM shares. UBS Group lifted their price target on shares of Columbia Sportswear from $90.00 to $92.00 and gave the stock a “neutral” rating in a research note on Monday. Cowen lifted their target price on shares of Columbia Sportswear from $85.00 to $86.00 and gave the company an “outperform” rating in a research note on Tuesday, September 27th. TheStreet upgraded shares of Columbia Sportswear from a “c+” rating to a “b” rating in a research note on Wednesday, November 23rd. Cowen lifted their target price on shares of Columbia Sportswear to $89.00 in a research note on Tuesday, November 1st. Finally, StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.38.

Columbia Sportswear Company Profile

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Columbia Sportswear Co engages in designing, sourcing, marketing, and distributing outdoor and active lifestyle apparel, footwear, accessories, and equipment. It operates through the following geographical segments: the United States, Latin America and Asia Pacific, Europe, Middle East, and Africa, and Canada.