Goldman Sachs Group Inc. Reduces Holdings in Columbia Sportswear (NASDAQ:COLM)

Goldman Sachs Group Inc. trimmed its position in shares of Columbia Sportswear (NASDAQ:COLM) by 29.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 449,815 shares of the textile maker’s stock after selling 189,581 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Columbia Sportswear were worth $45,067,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COLM. Pictet Asset Management Ltd. purchased a new position in Columbia Sportswear during the third quarter worth $36,477,000. Lord Abbett & CO. LLC lifted its position in shares of Columbia Sportswear by 120.1% during the fourth quarter. Lord Abbett & CO. LLC now owns 678,958 shares of the textile maker’s stock worth $68,025,000 after purchasing an additional 370,421 shares during the last quarter. State Street Corp lifted its position in shares of Columbia Sportswear by 70.5% during the fourth quarter. State Street Corp now owns 701,089 shares of the textile maker’s stock worth $70,242,000 after purchasing an additional 290,010 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Columbia Sportswear by 2,753.0% during the fourth quarter. Principal Financial Group Inc. now owns 128,498 shares of the textile maker’s stock worth $12,874,000 after purchasing an additional 123,994 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Columbia Sportswear by 719.3% during the third quarter. Barclays PLC now owns 122,671 shares of the textile maker’s stock worth $11,886,000 after purchasing an additional 107,699 shares during the last quarter. 42.01% of the stock is owned by institutional investors.

COLM stock opened at $64.49 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.97 and a quick ratio of 2.01. The business has a 50-day moving average price of $79.54 and a 200 day moving average price of $91.70. The company has a market capitalization of $4.25 billion, a P/E ratio of 13.35, a PEG ratio of 3.34 and a beta of 0.57. Columbia Sportswear has a 1-year low of $51.82 and a 1-year high of $109.44.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.08). The firm had revenue of $954.87 million during the quarter, compared to the consensus estimate of $949.66 million. Columbia Sportswear had a net margin of 10.86% and a return on equity of 18.53%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 earnings per share. On average, analysts anticipate that Columbia Sportswear will post 4.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Tuesday, March 10th were issued a $0.26 dividend. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Monday, March 9th. Columbia Sportswear’s payout ratio is presently 22.03%.

Several analysts have recently weighed in on the company. Guggenheim reiterated a “buy” rating and set a $110.00 target price on shares of Columbia Sportswear in a research report on Friday, February 7th. Citigroup downgraded Columbia Sportswear from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $110.00 to $100.00 in a research report on Friday, January 24th. ValuEngine upgraded Columbia Sportswear from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. BidaskClub downgraded Columbia Sportswear from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 11th. Finally, DA Davidson decreased their target price on Columbia Sportswear from $96.00 to $88.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Columbia Sportswear has an average rating of “Hold” and an average target price of $107.91.

Columbia Sportswear 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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