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

JPMorgan Chase & Co. trimmed its stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 680,775 shares of the textile maker's stock after selling 15,949 shares during the quarter. JPMorgan Chase & Co. owned about 1.19% of Columbia Sportswear worth $56,634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in COLM. Natixis Advisors LLC lifted its stake in Columbia Sportswear by 2.6% in the second quarter. Natixis Advisors LLC now owns 86,125 shares of the textile maker's stock valued at $6,811,000 after buying an additional 2,210 shares during the last quarter. Rhumbline Advisers boosted its stake in Columbia Sportswear by 8.1% during the 2nd quarter. Rhumbline Advisers now owns 140,696 shares of the textile maker's stock valued at $11,126,000 after purchasing an additional 10,548 shares during the period. Texas Permanent School Fund Corp boosted its stake in Columbia Sportswear by 10.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 33,228 shares of the textile maker's stock valued at $2,628,000 after purchasing an additional 3,043 shares during the period. AdvisorShares Investments LLC bought a new position in Columbia Sportswear in the 2nd quarter worth about $435,000. Finally, American Century Companies Inc. increased its stake in shares of Columbia Sportswear by 153.3% in the second quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker's stock valued at $48,722,000 after purchasing an additional 372,886 shares during the period. Institutional investors own 47.76% of the company's stock.

Wall Street Analyst Weigh In

COLM has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on Columbia Sportswear from $92.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. TD Cowen upped their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a "hold" rating in a report on Tuesday, November 26th. Finally, StockNews.com upgraded shares of Columbia Sportswear from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Columbia Sportswear currently has a consensus rating of "Hold" and an average price target of $80.75.

Columbia Sportswear Stock Performance

COLM stock remained flat at $82.67 during trading hours on Friday. The company had a trading volume of 394,775 shares, compared to its average volume of 416,987. The firm has a 50 day moving average of $85.10 and a 200-day moving average of $82.05. 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. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $91.30.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.20. The company had revenue of $931.80 million during the quarter, compared to analyst estimates of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The business's revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 EPS. On average, equities research analysts anticipate that Columbia Sportswear will post 3.89 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were given 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 dividend yield of 1.45%. Columbia Sportswear's dividend payout ratio (DPR) is presently 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.