US Bancorp DE Sells 555 Shares of Columbia Sportswear (NASDAQ:COLM)

US Bancorp DE cut its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 16.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,858 shares of the textile maker’s stock after selling 555 shares during the quarter. US Bancorp DE’s holdings in Columbia Sportswear were worth $238,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in Columbia Sportswear by 116.6% in the second 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 increased its position in shares of 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 buying an additional 142 shares during the period. Headlands Technologies LLC raised its stake in Columbia Sportswear by 174.8% during the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock worth $49,000 after buying an additional 381 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Columbia Sportswear in the third quarter valued at $65,000. Finally, Dnca Finance acquired a new stake in Columbia Sportswear during the 2nd quarter worth about $68,000. Institutional investors own 47.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on COLM. Wedbush restated a “neutral” rating and set a $80.00 price target on shares of Columbia Sportswear in a report on Thursday, July 18th. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $77.00.

Columbia Sportswear Price Performance

NASDAQ COLM opened at $84.59 on Thursday. The company has a fifty day moving average price of $81.31 and a 200-day moving average price of $81.17. Columbia Sportswear has a 1 year low of $73.04 and a 1 year high of $87.23. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 3.53 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. The firm had revenue of $931.80 million for the quarter, compared to the consensus estimate 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 was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.70 EPS. On average, research analysts anticipate that Columbia Sportswear will post 3.86 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, November 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.42%. Columbia Sportswear’s payout ratio is 33.15%.

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.