BNP Paribas Financial Markets Sells 11,433 Shares of Columbia Sportswear (NASDAQ:COLM)

BNP Paribas Financial Markets cut its stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 24.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,671 shares of the textile maker's stock after selling 11,433 shares during the quarter. BNP Paribas Financial Markets owned 0.06% of Columbia Sportswear worth $2,967,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Columbia Sportswear by 51.3% during the third 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. Blue Trust Inc. boosted its holdings in shares of Columbia Sportswear by 116.6% in the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker's stock worth $34,000 after buying an additional 225 shares during the period. GHP Investment Advisors Inc. increased its position in shares of 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 acquiring an additional 275 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings 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 valued at $2,686,000 after acquiring an additional 506 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its position 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 valued at $1,980,000 after acquiring an additional 538 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Stock Up 0.5 %

Shares of NASDAQ:COLM traded up $0.47 during trading on Friday, reaching $88.35. 325,225 shares of the company traded hands, compared to its average volume of 462,087. The firm has a fifty day simple moving average of $82.58 and a 200 day simple moving average of $81.54. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $89.57. The firm has a market cap of $5.05 billion, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 3.71 and a beta of 0.94.

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

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were issued a $0.30 dividend. 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 1.36%. Columbia Sportswear's dividend payout ratio is currently 33.15%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on COLM. TD Cowen lifted their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. StockNews.com raised Columbia Sportswear from a "hold" rating to a "buy" rating in a research report on Thursday. One 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $78.75.

About Columbia Sportswear

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.