California State Teachers Retirement System Sells 837 Shares of Columbia Sportswear (NASDAQ:COLM)

California State Teachers Retirement System decreased its position in Columbia Sportswear (NASDAQ:COLM) by 1.7% in the first quarter, Holdings Channel reports. The institutional investor owned 47,720 shares of the textile maker’s stock after selling 837 shares during the quarter. California State Teachers Retirement System’s holdings in Columbia Sportswear were worth $4,971,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Columbia Sportswear by 3.0% in the 4th quarter. BlackRock Inc. now owns 1,362,689 shares of the textile maker’s stock worth $114,588,000 after buying an additional 39,573 shares during the last quarter. Acadian Asset Management LLC lifted its position in Columbia Sportswear by 12.5% in the 1st quarter. Acadian Asset Management LLC now owns 1,178,817 shares of the textile maker’s stock worth $122,808,000 after buying an additional 130,710 shares during the last quarter. Norges Bank bought a new stake in Columbia Sportswear in the 4th quarter worth approximately $33,356,000. Geode Capital Management LLC lifted its position in Columbia Sportswear by 12.7% in the 4th quarter. Geode Capital Management LLC now owns 351,041 shares of the textile maker’s stock worth $29,519,000 after buying an additional 39,664 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in Columbia Sportswear by 30.9% in the 4th quarter. Two Sigma Advisers LP now owns 329,700 shares of the textile maker’s stock worth $27,724,000 after buying an additional 77,800 shares during the last quarter. Institutional investors own 37.83% of the company’s stock.

Shares of COLM stock opened at $95.92 on Thursday. The company has a quick ratio of 2.33, a current ratio of 3.41 and a debt-to-equity ratio of 0.20. Columbia Sportswear has a fifty-two week low of $80.03 and a fifty-two week high of $109.74. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 2.39 and a beta of 0.69.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, April 25th. The textile maker reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $654.61 million during the quarter, compared to the consensus estimate of $646.77 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts predict that Columbia Sportswear will post 4.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.96 annualized dividend and a yield of 1.00%. Columbia Sportswear’s payout ratio is currently 23.94%.

In other Columbia Sportswear news, Director Murrey R. Albers sold 11,608 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $97.32, for a total value of $1,129,690.56. Following the completion of the sale, the director now owns 39,350 shares in the company, valued at $3,829,542. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph P. Boyle sold 566 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were 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 owns 2,301,492 shares of the company’s stock, valued at approximately $243,958,152. The disclosure for this sale can be found here. Insiders sold 27,237 shares of company stock valued at $2,786,365 in the last quarter. Corporate insiders own 56.57% of the company’s stock.

A number of research firms recently weighed in on COLM. BidaskClub upgraded Columbia Sportswear from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. ValuEngine downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Zacks Investment Research upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research report on Monday, April 29th. 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. Finally, DA Davidson set a $129.00 target price on Columbia Sportswear and gave the stock a “buy” rating in a research report on Friday, April 26th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $108.93.

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About Columbia Sportswear

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.

Further Reading: Strike Price

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

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