Principal Financial Group Inc. lowered its position in Columbia Sportswear (NASDAQ:COLM - Free Report) by 32.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,014 shares of the textile maker's stock after selling 36,177 shares during the period. Principal Financial Group Inc. owned 0.13% of Columbia Sportswear worth $6,324,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of COLM. GAMMA Investing LLC boosted its holdings in Columbia Sportswear by 51.3% during the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker's stock valued at $35,000 after acquiring an additional 142 shares during the period. Blue Trust Inc. boosted its holdings in Columbia Sportswear by 68.7% in the 3rd quarter. Blue Trust Inc. now owns 705 shares of the textile maker's stock valued at $56,000 after purchasing an additional 287 shares during the period. Northwest Investment Counselors LLC acquired a new stake in Columbia Sportswear in the 3rd quarter worth $65,000. nVerses Capital LLC bought a new position in Columbia Sportswear during the third quarter valued at about $75,000. Finally, Algert Global LLC bought a new stake in shares of Columbia Sportswear in the 2nd quarter worth approximately $286,000. Institutional investors own 47.76% of the company's stock.
Columbia Sportswear Price Performance
Shares of COLM stock traded down $1.26 during trading hours on Thursday, reaching $82.67. 439,048 shares of the company were exchanged, compared to its average volume of 463,655. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 3.74 and a beta of 0.94. The stock's fifty day moving average is $84.95 and its two-hundred day moving average is $82.04. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $91.30.
Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its earnings results on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.36 by $0.20. The company had revenue of $931.80 million during the quarter, compared to analysts' expectations of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The business'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 EPS. On average, research analysts anticipate that Columbia Sportswear will post 3.89 earnings per share for the current year.
Columbia Sportswear Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Wednesday, November 20th. Columbia Sportswear's dividend payout ratio (DPR) is presently 33.15%.
Analyst Ratings Changes
A number of research firms have recently issued reports on COLM. StockNews.com upgraded Columbia Sportswear from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. TD Cowen increased their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a "hold" rating in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus raised their price objective on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $80.75.
Check Out Our Latest Analysis on COLM
Columbia Sportswear Company Profile
(
Free Report)
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.
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