Robeco Institutional Asset Management B.V. grew its position in Columbia Sportswear (NASDAQ:COLM – Get Rating) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 148,003 shares of the textile maker’s stock after acquiring an additional 493 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Columbia Sportswear were worth $9,961,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Ronald Blue Trust Inc. raised its position in Columbia Sportswear by 203.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 391 shares of the textile maker’s stock worth $28,000 after purchasing an additional 262 shares during the last quarter. Quadrant Capital Group LLC raised its position in Columbia Sportswear by 110.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 490 shares of the textile maker’s stock worth $33,000 after purchasing an additional 257 shares during the last quarter. Bessemer Group Inc. raised its position in Columbia Sportswear by 1,084.0% in the 3rd quarter. Bessemer Group Inc. now owns 592 shares of the textile maker’s stock worth $40,000 after purchasing an additional 542 shares during the last quarter. Lazard Asset Management LLC bought a new position in Columbia Sportswear in the 1st quarter worth approximately $45,000. Finally, US Bancorp DE raised its position in Columbia Sportswear by 19.8% in the 1st quarter. US Bancorp DE now owns 823 shares of the textile maker’s stock worth $75,000 after purchasing an additional 136 shares during the last quarter. Institutional investors own 48.75% of the company’s stock.
Analyst Upgrades and Downgrades
COLM has been the subject of several research analyst reports. StockNews.com initiated coverage on shares of Columbia Sportswear in a research report on Thursday. They issued a “hold” rating for the company. Robert W. Baird upped their target price on shares of Columbia Sportswear from $92.00 to $97.00 in a research report on Friday, February 3rd. Citigroup upped their target price on shares of Columbia Sportswear from $80.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, February 6th. Bank of America upped their target price on shares of Columbia Sportswear from $65.00 to $75.00 in a research report on Sunday, February 5th. Finally, TheStreet upgraded shares of Columbia Sportswear from a “c+” rating to a “b” rating in a research report on Wednesday, November 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $87.86.
Columbia Sportswear Stock Down 1.1 %
Columbia Sportswear (NASDAQ:COLM – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The textile maker reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.17. Columbia Sportswear had a net margin of 8.99% and a return on equity of 18.53%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business earned $2.39 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. Research analysts expect that Columbia Sportswear will post 5.38 earnings per share for the current year.
Columbia Sportswear Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 21st. Investors of record on Friday, March 10th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, March 9th. Columbia Sportswear’s payout ratio is presently 24.19%.
Columbia Sportswear Profile
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.
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