JPMorgan Chase & Co. Has $56.63 Million Position in Columbia Sportswear (NASDAQ:COLM)

JPMorgan Chase & Co. trimmed its position in shares of Columbia Sportswear (NASDAQ:COLM) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 680,775 shares of the textile maker’s stock after selling 15,949 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.19% of Columbia Sportswear worth $56,634,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in Columbia Sportswear by 44.3% during the 2nd quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock worth $117,107,000 after buying an additional 454,738 shares during the period. American Century Companies Inc. lifted its holdings 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 purchasing an additional 372,886 shares during the period. AQR Capital Management LLC grew its stake in shares of Columbia Sportswear by 149.0% in the second quarter. AQR Capital Management LLC now owns 195,933 shares of the textile maker’s stock worth $15,463,000 after purchasing an additional 117,260 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Columbia Sportswear in the third quarter valued at $7,676,000. Finally, Marshall Wace LLP raised its position in Columbia Sportswear by 1,574.3% during the 2nd quarter. Marshall Wace LLP now owns 80,383 shares of the textile maker’s stock worth $6,357,000 after purchasing an additional 75,582 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Columbia Sportswear Price Performance

NASDAQ:COLM opened at $82.67 on Friday. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $91.30. The firm has a market capitalization of $4.73 billion, a P/E ratio of 22.84, a P/E/G ratio of 3.74 and a beta of 0.93. The company has a fifty day moving average of $85.10 and a 200-day moving average of $82.05.

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

Columbia Sportswear Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.45%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 33.15%.

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.