Crossmark Global Holdings Inc. Has $1.35 Million Stock Holdings in Columbia Sportswear (NASDAQ:COLM)

Crossmark Global Holdings Inc. boosted its holdings in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 468.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,068 shares of the textile maker's stock after purchasing an additional 14,067 shares during the period. Crossmark Global Holdings Inc.'s holdings in Columbia Sportswear were worth $1,350,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in COLM. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Columbia Sportswear by 13.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,799 shares of the textile maker's stock valued at $696,000 after buying an additional 1,074 shares during the last quarter. Legato Capital Management LLC boosted its holdings in shares of Columbia Sportswear by 16.2% in the second quarter. Legato Capital Management LLC now owns 23,150 shares of the textile maker's stock valued at $1,831,000 after acquiring an additional 3,231 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Columbia Sportswear by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 425,483 shares of the textile maker's stock worth $33,647,000 after acquiring an additional 15,375 shares during the period. Boston Trust Walden Corp lifted its position in Columbia Sportswear by 1.1% in the second quarter. Boston Trust Walden Corp now owns 1,304,761 shares of the textile maker's stock valued at $103,180,000 after purchasing an additional 13,636 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Columbia Sportswear by 116.6% in the 2nd quarter. Blue Trust Inc. now owns 418 shares of the textile maker's stock valued at $34,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company's stock.

Analysts Set New Price Targets

COLM has been the subject of several recent analyst reports. Stifel Nicolaus raised Columbia Sportswear from a "hold" rating to a "buy" rating and raised their price target for the company from $84.00 to $92.00 in a report on Monday, July 8th. Wedbush restated a "neutral" rating and set a $80.00 target price on shares of Columbia Sportswear in a research report on Thursday, July 18th. Finally, StockNews.com downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Columbia Sportswear presently has a consensus rating of "Hold" and a consensus target price of $77.00.

Columbia Sportswear Price Performance

NASDAQ:COLM traded up $0.26 during mid-day trading on Friday, reaching $80.73. The company's stock had a trading volume of 351,238 shares, compared to its average volume of 480,244. The stock has a market cap of $4.77 billion, a P/E ratio of 19.69, a P/E/G ratio of 2.94 and a beta of 0.94. The company's fifty day simple moving average is $79.60 and its two-hundred day simple moving average is $80.30. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $87.23.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.34) by $0.14. The firm had revenue of $570.20 million during the quarter, compared to the consensus estimate of $569.37 million. Columbia Sportswear had a net margin of 6.72% and a return on equity of 13.01%. Columbia Sportswear's revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share. Sell-side analysts expect that Columbia Sportswear will post 3.85 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Thursday, August 15th. Columbia Sportswear's dividend payout ratio (DPR) is presently 29.27%.

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.