Massachusetts Financial Services Co. MA Makes New $5.49 Million Investment in Columbia Sportswear (NASDAQ:COLM)

Massachusetts Financial Services Co. MA purchased a new stake in shares of Columbia Sportswear (NASDAQ:COLM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 69,440 shares of the textile maker’s stock, valued at approximately $5,491,000. Massachusetts Financial Services Co. MA owned approximately 0.12% of Columbia Sportswear at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Blue Trust Inc. lifted its position in shares of Columbia Sportswear by 116.6% in the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after buying an additional 225 shares during the last quarter. TFO Wealth Partners LLC lifted its holdings in Columbia Sportswear by 11,725.0% in the 4th quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock worth $38,000 after purchasing an additional 469 shares during the last quarter. Headlands Technologies LLC boosted its position in Columbia Sportswear by 174.8% during the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock worth $49,000 after purchasing an additional 381 shares during the period. Northwest Investment Counselors LLC acquired a new position in Columbia Sportswear during the first quarter valued at approximately $64,000. Finally, Dnca Finance bought a new position in shares of Columbia Sportswear in the second quarter valued at approximately $68,000. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Stock Down 0.3 %

COLM stock opened at $82.23 on Friday. The business’s 50-day simple moving average is $80.58 and its 200 day simple moving average is $80.37. The company has a market cap of $4.86 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 3.00 and a beta of 0.92. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $87.23.

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

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders 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 dividend yield of 1.46%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 29.27%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on COLM shares. Wedbush reiterated a “neutral” rating and issued a $80.00 target price on shares of Columbia Sportswear in a research note on Thursday, July 18th. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, Stifel Nicolaus upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and increased their target price for the company from $84.00 to $92.00 in a research note on Monday, July 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $77.00.

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.