Thrivent Financial for Lutherans Decreases Position in Columbia Sportswear (NASDAQ:COLM)

Thrivent Financial for Lutherans reduced its position in Columbia Sportswear (NASDAQ:COLM - Free Report) by 1.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,098,117 shares of the textile maker's stock after selling 15,011 shares during the period. Thrivent Financial for Lutherans owned 1.88% of Columbia Sportswear worth $91,352,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Columbia Sportswear by 116.6% during the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker's stock worth $34,000 after purchasing an additional 225 shares during the period. GAMMA Investing LLC increased its position in shares of Columbia Sportswear by 51.3% in the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker's stock valued at $35,000 after acquiring an additional 142 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Columbia Sportswear during the third quarter worth approximately $65,000. Dnca Finance acquired a new position in Columbia Sportswear during the second quarter worth approximately $68,000. Finally, nVerses Capital LLC acquired a new position in shares of Columbia Sportswear in the third quarter valued at approximately $75,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Columbia Sportswear Stock Down 1.4 %

Columbia Sportswear stock traded down $1.18 during trading hours on Monday, reaching $82.43. 547,994 shares of the company's stock were exchanged, compared to its average volume of 465,315. The firm's 50 day simple moving average is $81.41 and its 200 day simple moving average is $81.24. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $87.23. The firm has a market capitalization of $4.71 billion, a PE ratio of 22.77, a PEG ratio of 3.54 and a beta of 0.92.

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, topping analysts' consensus estimates of $1.36 by $0.20. The company had revenue of $931.80 million for the quarter, compared to analysts' expectations 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 was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.70 EPS. Analysts anticipate that Columbia Sportswear will post 3.86 EPS for the current year.

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.46%. Columbia Sportswear's dividend payout ratio is currently 33.15%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Columbia Sportswear from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $77.00.

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.