Crossmark Global Holdings Inc. Increases Stock Position in Columbia Sportswear (NASDAQ:COLM)

Crossmark Global Holdings Inc. increased its holdings in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 113.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,481 shares of the textile maker's stock after acquiring an additional 19,413 shares during the period. Crossmark Global Holdings Inc. owned approximately 0.06% of Columbia Sportswear worth $3,034,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of COLM. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Columbia Sportswear in the first quarter valued at about $970,000. Quantbot Technologies LP boosted its holdings in Columbia Sportswear by 1,964.4% in the 1st quarter. Quantbot Technologies LP now owns 10,322 shares of the textile maker's stock worth $838,000 after buying an additional 9,822 shares during the last quarter. SG Americas Securities LLC increased its stake in Columbia Sportswear by 617.8% during the 1st quarter. SG Americas Securities LLC now owns 22,116 shares of the textile maker's stock worth $1,795,000 after buying an additional 19,035 shares in the last quarter. Headlands Technologies LLC increased its stake in Columbia Sportswear by 174.8% during the 1st quarter. Headlands Technologies LLC now owns 599 shares of the textile maker's stock worth $49,000 after buying an additional 381 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Columbia Sportswear during the first quarter valued at approximately $604,000. Hedge funds and other institutional investors own 47.76% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on COLM. Wedbush reiterated a "neutral" rating and set a $80.00 price target on shares of Columbia Sportswear in a research report on Thursday, July 18th. StockNews.com raised shares of Columbia Sportswear from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $77.00.

Columbia Sportswear Price Performance

Columbia Sportswear stock traded down $0.70 during trading on Tuesday, reaching $82.95. 150,424 shares of the company were exchanged, compared to its average volume of 463,763. The stock's 50 day simple moving average is $81.19 and its two-hundred day simple moving average is $81.13. The company has a market capitalization of $4.74 billion, a P/E ratio of 22.92, a PEG ratio of 3.53 and a beta of 0.92. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $87.23.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $937.17 million. During the same quarter in the previous year, the firm earned $1.70 EPS. The company's quarterly revenue was down 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Columbia Sportswear will post 3.86 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.45%. Columbia Sportswear's dividend payout ratio is currently 33.15%.

Columbia Sportswear Company 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.