Leeward Investments LLC MA Trims Position in Columbia Sportswear (NASDAQ:COLM)

Leeward Investments LLC MA reduced its holdings in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 20.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,785 shares of the textile maker's stock after selling 27,926 shares during the period. Leeward Investments LLC MA owned about 0.18% of Columbia Sportswear worth $8,967,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Impax Asset Management Group plc raised its stake in Columbia Sportswear by 79.2% during the 3rd quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker's stock worth $7,530,000 after acquiring an additional 40,000 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Columbia Sportswear by 1.6% in 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 purchasing an additional 506 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Columbia Sportswear by 39.6% during the 3rd quarter. New York State Common Retirement Fund now owns 259,406 shares of the textile maker's stock valued at $21,580,000 after purchasing an additional 73,602 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of Columbia Sportswear by 1.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 28,355 shares of the textile maker's stock valued at $2,359,000 after buying an additional 275 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Columbia Sportswear by 75.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,623 shares of the textile maker's stock worth $468,000 after buying an additional 2,425 shares during the period. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Price Performance

Shares of Columbia Sportswear stock traded down $0.76 during trading on Friday, reaching $84.36. 234,522 shares of the stock traded hands, compared to its average volume of 463,081. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $87.23. The business has a fifty day simple moving average of $81.08 and a two-hundred day simple moving average of $81.02. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 3.46 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 business had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The company's revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.70 EPS. On average, research analysts predict that Columbia Sportswear will post 3.86 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently disclosed 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 yield of 1.42%. Columbia Sportswear's dividend payout ratio (DPR) is currently 33.15%.

Analyst Ratings Changes

COLM has been the topic of a number of recent analyst reports. StockNews.com raised Columbia Sportswear from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Wedbush reissued a "neutral" rating and issued a $80.00 price target on shares of Columbia Sportswear in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Columbia Sportswear presently has a consensus rating of "Hold" and a consensus target price 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.