Columbia Sportswear (NASDAQ:COLM) Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. cut its holdings in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 9.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 223,341 shares of the textile maker's stock after selling 22,237 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.38% of Columbia Sportswear worth $17,662,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of COLM. AQR Capital Management LLC raised its holdings in shares of Columbia Sportswear by 149.0% during the 2nd quarter. AQR Capital Management LLC now owns 195,933 shares of the textile maker's stock valued at $15,463,000 after buying an additional 117,260 shares during the period. Squarepoint Ops LLC grew its position in shares of Columbia Sportswear by 3.5% in the 2nd quarter. Squarepoint Ops LLC now owns 125,674 shares of the textile maker's stock worth $9,938,000 after acquiring an additional 4,305 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Columbia Sportswear by 1,574.3% during the second quarter. Marshall Wace LLP now owns 80,383 shares of the textile maker's stock worth $6,357,000 after purchasing an additional 75,582 shares during the period. Sei Investments Co. lifted its holdings in Columbia Sportswear by 15.4% in the second quarter. Sei Investments Co. now owns 7,654 shares of the textile maker's stock worth $605,000 after acquiring an additional 1,024 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in Columbia Sportswear by 44.3% during the 2nd quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker's stock valued at $117,107,000 after purchasing an additional 454,738 shares during the period. Hedge funds and other institutional investors own 47.76% of the company's stock.

Columbia Sportswear Stock Up 0.8 %

COLM traded up $0.63 during midday trading on Friday, hitting $82.76. The company had a trading volume of 258,275 shares, compared to its average volume of 466,469. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $87.23. The stock's 50 day moving average price is $80.80 and its 200 day moving average price is $80.39. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 3.01 and a beta of 0.92.

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

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, August 15th. Columbia Sportswear's payout ratio is 29.27%.

Analyst Ratings Changes

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