Wealth Enhancement Advisory Services LLC Takes $253,000 Position in Columbia Sportswear (NASDAQ:COLM)

Wealth Enhancement Advisory Services LLC bought a new position in Columbia Sportswear (NASDAQ:COLM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,198 shares of the textile maker's stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COLM. TFO Wealth Partners LLC increased its holdings in Columbia Sportswear by 11,725.0% in the 4th quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker's stock valued at $38,000 after purchasing an additional 469 shares in the last quarter. Headlands Technologies LLC grew its position 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 in the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Columbia Sportswear during the first quarter valued at approximately $64,000. Dnca Finance purchased a new stake in shares of Columbia Sportswear during the second quarter valued at approximately $68,000. Finally, Versor Investments LP acquired a new position in shares of Columbia Sportswear during the fourth quarter worth $223,000. Institutional investors and hedge funds own 47.76% of the company's stock.

Columbia Sportswear Price Performance

Shares of COLM stock traded down $0.80 during trading hours on Tuesday, hitting $82.56. 294,195 shares of the company's stock were exchanged, compared to its average volume of 483,607. The stock's 50-day moving average is $79.71 and its 200-day moving average is $80.30. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $87.23.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.14. The firm had revenue of $570.20 million during the quarter, compared to analysts' expectations of $569.37 million. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The company's quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 EPS. Equities research analysts forecast that Columbia Sportswear will post 3.85 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.45%. Columbia Sportswear's payout ratio is 29.27%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on COLM shares. Stifel Nicolaus upgraded Columbia Sportswear from a "hold" rating to a "buy" rating and lifted their price target for the stock from $84.00 to $92.00 in a research note on Monday, July 8th. Wedbush restated a "neutral" rating and set a $80.00 price objective on shares of Columbia Sportswear in a research note on Thursday, July 18th. Finally, StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $77.00.

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.