Columbia Sportswear (NASDAQ:COLM) Holdings Lowered by First Trust Advisors LP

First Trust Advisors LP reduced its holdings in Columbia Sportswear (NASDAQ:COLM) by 4.3% during the third quarter, Holdings Channel reports. The firm owned 87,274 shares of the textile maker’s stock after selling 3,907 shares during the period. First Trust Advisors LP’s holdings in Columbia Sportswear were worth $7,591,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. bought a new stake in shares of Columbia Sportswear in the 3rd quarter worth approximately $38,000. Dupont Capital Management Corp bought a new stake in shares of Columbia Sportswear in the 2nd quarter worth approximately $58,000. Cerebellum GP LLC bought a new stake in shares of Columbia Sportswear in the 3rd quarter worth approximately $62,000. CENTRAL TRUST Co raised its holdings in shares of Columbia Sportswear by 168.5% in the 3rd quarter. CENTRAL TRUST Co now owns 945 shares of the textile maker’s stock worth $82,000 after purchasing an additional 593 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Columbia Sportswear by 8.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,687 shares of the textile maker’s stock worth $135,000 after purchasing an additional 125 shares in the last quarter. Institutional investors and hedge funds own 37.87% of the company’s stock.

Shares of COLM opened at $84.27 on Friday. The company’s 50 day moving average price is $87.14 and its 200 day moving average price is $81.36. Columbia Sportswear has a 52 week low of $51.82 and a 52 week high of $102.05. The company has a market capitalization of $5.58 billion, a PE ratio of 45.80, a PEG ratio of 19.84 and a beta of 0.69.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, October 29th. The textile maker reported $0.94 EPS for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.28). Columbia Sportswear had a net margin of 4.97% and a return on equity of 7.30%. The company had revenue of $701.10 million for the quarter, compared to analysts’ expectations of $767.13 million. During the same period in the previous year, the firm posted $1.75 earnings per share. The business’s revenue for the quarter was down 22.7% on a year-over-year basis. As a group, equities analysts predict that Columbia Sportswear will post 1.44 earnings per share for the current year.

COLM has been the topic of a number of research reports. ValuEngine downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Monday, November 2nd. Needham & Company LLC restated a “hold” rating on shares of Columbia Sportswear in a report on Monday, November 2nd. UBS Group began coverage on shares of Columbia Sportswear in a report on Monday, October 12th. They set a “neutral” rating and a $93.00 price target on the stock. BidaskClub upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Friday, October 9th. Finally, TheStreet upgraded shares of Columbia Sportswear from a “c” rating to a “b” rating in a report on Thursday, October 29th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $101.33.

In other Columbia Sportswear news, EVP Lisa Kulok sold 388 shares of the business’s stock in a transaction that occurred on Tuesday, November 17th. The shares were sold at an average price of $85.00, for a total value of $32,980.00. Following the completion of the sale, the executive vice president now directly owns 1,672 shares of the company’s stock, valued at $142,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Sarah Bany sold 31,579 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $93.33, for a total transaction of $2,947,268.07. Following the completion of the sale, the insider now directly owns 1,154,136 shares of the company’s stock, valued at $107,715,512.88. The disclosure for this sale can be found here. Insiders have sold 702,788 shares of company stock worth $57,061,650 over the last ninety days. 41.15% of the stock is currently owned by insiders.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, sources, 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 that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.

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

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