Alps Advisors Inc. Purchases Shares of 3,912 Columbia Sportswear (COLM)

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Alps Advisors Inc. purchased a new stake in Columbia Sportswear (NASDAQ:COLM) in the 1st quarter, Holdings Channel reports. The firm purchased 3,912 shares of the textile maker’s stock, valued at approximately $408,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in COLM. Norges Bank bought a new stake in Columbia Sportswear during the fourth quarter worth approximately $33,356,000. Canada Pension Plan Investment Board bought a new stake in Columbia Sportswear during the fourth quarter worth approximately $11,213,000. Two Sigma Investments LP boosted its position in Columbia Sportswear by 103.9% during the fourth quarter. Two Sigma Investments LP now owns 250,073 shares of the textile maker’s stock worth $21,029,000 after purchasing an additional 127,407 shares during the period. Deutsche Bank AG boosted its position in Columbia Sportswear by 80.1% during the fourth quarter. Deutsche Bank AG now owns 251,068 shares of the textile maker’s stock worth $21,109,000 after purchasing an additional 111,630 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Columbia Sportswear by 2,130.4% during the fourth quarter. Principal Financial Group Inc. now owns 109,648 shares of the textile maker’s stock worth $9,221,000 after purchasing an additional 104,732 shares during the period. 37.89% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Joseph P. Boyle sold 566 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $106.00, for a total value of $59,996.00. Following the completion of the sale, the executive vice president now directly owns 2,301,492 shares of the company’s stock, valued at $243,958,152. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph P. Boyle sold 13,013 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $106.00, for a total value of $1,379,378.00. Following the completion of the sale, the executive vice president now directly owns 2,313,048 shares of the company’s stock, valued at $245,183,088. The disclosure for this sale can be found here. Insiders sold 46,837 shares of company stock valued at $4,853,186 over the last three months. 56.57% of the stock is owned by company insiders.

COLM opened at $94.86 on Thursday. Columbia Sportswear has a 1-year low of $80.03 and a 1-year high of $109.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.41 and a quick ratio of 2.33. The company has a market capitalization of $6.33 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.28 and a beta of 0.64.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, April 25th. The textile maker reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.23. Columbia Sportswear had a return on equity of 17.89% and a net margin of 10.43%. The company had revenue of $654.61 million during the quarter, compared to analysts’ expectations of $646.77 million. During the same period in the prior year, the business earned $0.77 earnings per share. Columbia Sportswear’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts predict that Columbia Sportswear will post 4.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.96 annualized dividend and a dividend yield of 1.01%. Columbia Sportswear’s dividend payout ratio is 23.94%.

COLM has been the subject of a number of recent analyst reports. Zacks Investment Research raised Columbia Sportswear from a “hold” rating to a “strong-buy” rating and set a $107.00 target price for the company in a research report on Thursday, February 7th. Pivotal Research reaffirmed a “buy” rating and set a $112.00 target price (up previously from $107.00) on shares of Columbia Sportswear in a research report on Tuesday, February 5th. Canaccord Genuity set a $107.00 target price on Columbia Sportswear and gave the stock a “hold” rating in a research report on Friday, April 26th. BidaskClub raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Finally, DA Davidson upped their target price on Columbia Sportswear to $116.00 and gave the stock a “buy” rating in a research report on Friday, February 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $108.93.

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Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East and Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.

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

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