Columbia Sportswear (NASDAQ:COLM) Shares Purchased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp boosted its position in Columbia Sportswear (NASDAQ:COLM) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,228 shares of the textile maker’s stock after purchasing an additional 3,043 shares during the quarter. Texas Permanent School Fund Corp owned about 0.06% of Columbia Sportswear worth $2,628,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in COLM. Rhumbline Advisers boosted its stake in Columbia Sportswear by 8.1% during the second quarter. Rhumbline Advisers now owns 140,696 shares of the textile maker’s stock valued at $11,126,000 after buying an additional 10,548 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Columbia Sportswear by 2.6% in the 2nd quarter. Natixis Advisors LLC now owns 86,125 shares of the textile maker’s stock valued at $6,811,000 after acquiring an additional 2,210 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Columbia Sportswear by 468.7% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 17,068 shares of the textile maker’s stock valued at $1,350,000 after purchasing an additional 14,067 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Columbia Sportswear by 13.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,799 shares of the textile maker’s stock worth $696,000 after buying an additional 1,074 shares during the period. Finally, Legato Capital Management LLC raised its position in Columbia Sportswear by 16.2% during the second quarter. Legato Capital Management LLC now owns 23,150 shares of the textile maker’s stock valued at $1,831,000 after buying an additional 3,231 shares during the period. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Trading Up 0.8 %

COLM stock opened at $83.32 on Tuesday. The stock has a market cap of $4.93 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 3.00 and a beta of 0.92. The stock has a 50-day moving average price of $80.22 and a two-hundred day moving average price of $80.30. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.14. The firm had revenue of $570.20 million for the quarter, compared to analysts’ expectations of $569.37 million. Columbia Sportswear had a net margin of 6.72% and a return on equity of 13.01%. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. On average, analysts forecast that Columbia Sportswear will post 3.85 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 1.44%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 29.27%.

Wall Street Analysts Forecast Growth

COLM has been the subject of several recent research reports. Wedbush reiterated a “neutral” rating and set a $80.00 price objective on shares of Columbia Sportswear in a report on Thursday, July 18th. Stifel Nicolaus raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and boosted their target price for the stock from $84.00 to $92.00 in a research report on Monday, July 8th. Finally, StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Columbia Sportswear presently has a consensus rating of “Hold” and a consensus target price of $77.00.

Columbia Sportswear Profile

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.