State Street Corp Has $83.55 Million Stock Position in Columbia Sportswear (NASDAQ:COLM)

State Street Corp lowered its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 2.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,004,347 shares of the textile maker’s stock after selling 23,322 shares during the quarter. State Street Corp’s holdings in Columbia Sportswear were worth $83,552,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. increased its position in shares of Columbia Sportswear by 19.8% during the third quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock worth $147,544,000 after acquiring an additional 292,716 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Columbia Sportswear by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,195,386 shares of the textile maker’s stock worth $94,530,000 after acquiring an additional 56,348 shares in the last quarter. American Century Companies Inc. increased its position in shares of Columbia Sportswear by 153.3% during the second quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock worth $48,722,000 after acquiring an additional 372,886 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Columbia Sportswear by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 550,622 shares of the textile maker’s stock worth $45,806,000 after acquiring an additional 1,758 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Columbia Sportswear by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 425,483 shares of the textile maker’s stock worth $33,647,000 after acquiring an additional 15,375 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen upped their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Columbia Sportswear has a consensus rating of “Hold” and an average price target of $80.75.

Columbia Sportswear Stock Performance

Shares of COLM stock opened at $89.85 on Tuesday. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $91.24. The company has a 50-day simple moving average of $83.46 and a two-hundred day simple moving average of $81.74. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 3.74 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The firm had revenue of $931.80 million during the quarter, compared to the consensus estimate of $937.17 million. During the same period in the prior year, the firm earned $1.70 EPS. The company’s revenue was down 5.5% compared to the same quarter last year. On average, sell-side analysts forecast that Columbia Sportswear will post 3.89 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Wednesday, November 20th. Columbia Sportswear’s dividend payout ratio is currently 33.15%.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, develops, 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 for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.