Principal Financial Group Inc. Sells 36,177 Shares of Columbia Sportswear (NASDAQ:COLM)

Principal Financial Group Inc. decreased its holdings in Columbia Sportswear (NASDAQ:COLM - Free Report) by 32.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 76,014 shares of the textile maker's stock after selling 36,177 shares during the quarter. Principal Financial Group Inc. owned approximately 0.13% of Columbia Sportswear worth $6,324,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COLM. Vanguard Group Inc. grew its holdings in shares of Columbia Sportswear by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker's stock valued at $257,373,000 after purchasing an additional 21,104 shares during the last quarter. Tidal Investments LLC bought a new position in Columbia Sportswear in the 1st quarter worth approximately $845,000. Impax Asset Management Group plc grew its holdings in Columbia Sportswear by 79.2% in the 3rd quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker's stock worth $7,530,000 after buying an additional 40,000 shares in the last quarter. International Assets Investment Management LLC bought a new position in Columbia Sportswear in the 3rd quarter worth approximately $7,676,000. Finally, Pacer Advisors Inc. grew its holdings in Columbia Sportswear by 44.3% in the 2nd quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker's stock worth $117,107,000 after buying an additional 454,738 shares in the last quarter. 47.76% of the stock is owned by institutional investors.

Columbia Sportswear Stock Performance

Shares of NASDAQ:COLM opened at $80.10 on Thursday. Columbia Sportswear has a one year low of $73.04 and a one year high of $87.23. The stock has a fifty day moving average of $81.43 and a 200-day moving average of $81.24. The company has a market capitalization of $4.58 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 3.54 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.20. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The company had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. During the same period in the previous year, the business earned $1.70 EPS. The company's revenue was down 5.5% on a year-over-year basis. As a group, research analysts forecast that Columbia Sportswear will post 3.86 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear's dividend payout ratio (DPR) is presently 33.15%.

Wall Street Analyst Weigh In

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

Columbia Sportswear 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.