Crossmark Global Holdings Inc. Purchases 14,067 Shares of Columbia Sportswear (NASDAQ:COLM)

Crossmark Global Holdings Inc. boosted its position in shares of Columbia Sportswear (NASDAQ:COLM) by 468.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Columbia Sportswear in the fourth quarter worth approximately $22,526,000. First Trust Advisors LP increased its stake in Columbia Sportswear by 28.3% in the fourth quarter. First Trust Advisors LP now owns 476,608 shares of the textile maker’s stock worth $37,909,000 after purchasing an additional 105,193 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Columbia Sportswear by 10.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,128,258 shares of the textile maker’s stock worth $89,745,000 after purchasing an additional 104,100 shares during the last quarter. Verition Fund Management LLC boosted its stake in shares of Columbia Sportswear by 1,128.3% during the fourth quarter. Verition Fund Management LLC now owns 110,106 shares of the textile maker’s stock valued at $8,758,000 after purchasing an additional 101,142 shares during the period. Finally, Truist Financial Corp bought a new position in shares of Columbia Sportswear in the fourth quarter worth about $7,415,000. Institutional investors own 47.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on COLM shares. StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Wedbush reiterated a “neutral” rating and issued a $80.00 price target on shares of Columbia Sportswear in a report on Thursday, July 18th. Finally, Stifel Nicolaus raised Columbia Sportswear from a “hold” rating to a “buy” rating and increased their price objective for the stock from $84.00 to $92.00 in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $77.00.

Columbia Sportswear Stock Up 0.3 %

Shares of COLM stock opened at $80.73 on Friday. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 2.94 and a beta of 0.94. Columbia Sportswear has a 52-week low of $66.01 and a 52-week high of $87.23. The company’s 50 day moving average is $79.60 and its 200 day moving average is $80.30.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.14. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The firm had revenue of $570.20 million during the quarter, compared to analyst estimates of $569.37 million. During the same period in the previous year, the company posted $0.14 EPS. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. Analysts anticipate that Columbia Sportswear will post 3.85 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Thursday, August 15th. Columbia Sportswear’s payout ratio is currently 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.