Barclays PLC Sells 56,784 Shares of Columbia Sportswear (NASDAQ:COLM)

Barclays PLC reduced its stake in Columbia Sportswear (NASDAQ:COLM - Free Report) by 55.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,153 shares of the textile maker's stock after selling 56,784 shares during the quarter. Barclays PLC owned about 0.08% of Columbia Sportswear worth $3,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of Columbia Sportswear by 51.3% during the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker's stock valued at $35,000 after purchasing an additional 142 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in Columbia Sportswear by 1.0% in the third quarter. GHP Investment Advisors Inc. now owns 28,355 shares of the textile maker's stock worth $2,359,000 after buying an additional 275 shares in the last quarter. Blue Trust Inc. grew its position in Columbia Sportswear by 68.7% during the third quarter. Blue Trust Inc. now owns 705 shares of the textile maker's stock valued at $56,000 after acquiring an additional 287 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Columbia Sportswear by 1.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 32,287 shares of the textile maker's stock worth $2,686,000 after acquiring an additional 506 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Columbia Sportswear by 2.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 23,795 shares of the textile maker's stock worth $1,980,000 after acquiring an additional 538 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Price Performance

Columbia Sportswear stock traded down $1.08 during trading hours on Monday, reaching $87.23. The stock had a trading volume of 404,196 shares, compared to its average volume of 466,557. The stock has a market cap of $4.99 billion, a PE ratio of 24.10, a PEG ratio of 3.74 and a beta of 0.94. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $91.30. The company has a fifty day simple moving average of $84.13 and a 200-day simple moving average of $81.83.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings data 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 net margin of 6.42% and a return on equity of 12.48%. The business had revenue of $931.80 million during the quarter, compared to analyst estimates of $937.17 million. During the same period in the prior year, the business earned $1.70 EPS. The company's revenue for the quarter was down 5.5% on a year-over-year basis. Research analysts predict that Columbia Sportswear will post 3.89 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.38%. Columbia Sportswear's dividend payout ratio (DPR) is currently 33.15%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on COLM shares. TD Cowen increased their target price on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a "hold" rating in a report on Tuesday, November 26th. Stifel Nicolaus lifted their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Finally, StockNews.com raised Columbia Sportswear from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Columbia Sportswear currently has a consensus rating of "Hold" and an average price target of $80.75.

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.