Columbia Sportswear (NASDAQ:COLM) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board decreased its stake in Columbia Sportswear (NASDAQ:COLM - Free Report) by 50.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,692 shares of the textile maker's stock after selling 20,692 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Columbia Sportswear were worth $1,721,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Columbia Sportswear by 116.6% during the 2nd quarter. Blue Trust Inc. now owns 418 shares of the textile maker's stock valued at $34,000 after acquiring an additional 225 shares during the last quarter. GAMMA Investing LLC lifted its stake in Columbia Sportswear by 51.3% during the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker's stock worth $35,000 after purchasing an additional 142 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Columbia Sportswear during the third quarter worth $65,000. Dnca Finance acquired a new stake in shares of Columbia Sportswear in the second quarter valued at $68,000. Finally, nVerses Capital LLC acquired a new stake in shares of Columbia Sportswear during the third quarter worth about $75,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Columbia Sportswear Trading Up 1.2 %

Shares of Columbia Sportswear stock traded up $0.99 on Thursday, hitting $81.09. The stock had a trading volume of 191,533 shares, compared to its average volume of 463,485. The company's 50 day moving average price is $81.43 and its 200 day moving average price is $81.24. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 3.47 and a beta of 0.92. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $87.23.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.20. The business had revenue of $931.80 million for the quarter, compared to analyst estimates 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 for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.70 earnings per share. Analysts predict that Columbia Sportswear will post 3.86 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.48%. Columbia Sportswear's dividend payout ratio (DPR) is presently 33.15%.

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.