Columbia Sportswear (NASDAQ:COLM) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in Columbia Sportswear (NASDAQ:COLM - Free Report) by 64.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,767 shares of the textile maker's stock after selling 14,349 shares during the period. SG Americas Securities LLC's holdings in Columbia Sportswear were worth $614,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC grew its stake in Columbia Sportswear by 11,725.0% in the fourth quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker's stock valued at $38,000 after acquiring an additional 469 shares during the period. Headlands Technologies LLC grew its stake in Columbia Sportswear by 174.8% in the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker's stock valued at $49,000 after acquiring an additional 381 shares during the period. Northwest Investment Counselors LLC acquired a new position in Columbia Sportswear in the first quarter valued at about $64,000. Versor Investments LP acquired a new position in Columbia Sportswear in the fourth quarter valued at about $223,000. Finally, Seven Eight Capital LP acquired a new position in Columbia Sportswear in the first quarter valued at about $258,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Columbia Sportswear Trading Up 0.6 %

Shares of COLM stock traded up $0.49 on Tuesday, hitting $80.56. 271,470 shares of the stock were exchanged, compared to its average volume of 489,655. The firm has a market capitalization of $4.76 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. The business has a 50-day moving average of $79.59 and a 200 day moving average of $80.14. Columbia Sportswear has a fifty-two week low of $66.01 and a fifty-two week high of $87.23.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, beating 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 analysts' expectations of $569.37 million. During the same period in the prior year, the firm posted $0.14 earnings per share. The business's quarterly revenue was down 8.2% compared to the same quarter last year. As a group, research analysts forecast that Columbia Sportswear will post 3.85 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 1.49%. Columbia Sportswear's dividend payout ratio (DPR) is presently 29.27%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Stifel Nicolaus raised Columbia Sportswear from a "hold" rating to a "buy" rating and boosted their target price for the company from $84.00 to $92.00 in a research note on Monday, July 8th. Wedbush reaffirmed a "neutral" rating and set a $80.00 price objective on shares of Columbia Sportswear in a research report on Thursday, July 18th. Finally, StockNews.com cut Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently 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.