Columbia Sportswear Company $COLM Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its stake in Columbia Sportswear Company (NASDAQ:COLM) by 0.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,011,802 shares of the textile maker’s stock after selling 18,743 shares during the period. Vanguard Group Inc. owned approximately 5.46% of Columbia Sportswear worth $227,963,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Deutsche Bank AG lifted its stake in shares of Columbia Sportswear by 3.7% in the fourth quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker’s stock valued at $328,000 after purchasing an additional 141 shares during the period. Federated Hermes Inc. lifted its stake in shares of Columbia Sportswear by 4.8% in the first quarter. Federated Hermes Inc. now owns 5,241 shares of the textile maker’s stock valued at $397,000 after purchasing an additional 241 shares during the period. Procyon Advisors LLC increased its position in shares of Columbia Sportswear by 8.3% in the first quarter. Procyon Advisors LLC now owns 3,605 shares of the textile maker’s stock valued at $273,000 after buying an additional 276 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Columbia Sportswear by 0.4% in the first quarter. Principal Financial Group Inc. now owns 73,810 shares of the textile maker’s stock valued at $5,587,000 after buying an additional 324 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its position in shares of Columbia Sportswear by 1.3% in the first quarter. GHP Investment Advisors Inc. now owns 27,581 shares of the textile maker’s stock valued at $2,088,000 after buying an additional 360 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Trading Up 0.7%

Columbia Sportswear stock opened at $53.81 on Tuesday. The stock has a market cap of $2.95 billion, a PE ratio of 13.73 and a beta of 1.00. The stock has a 50-day moving average price of $58.89 and a 200 day moving average price of $67.92. Columbia Sportswear Company has a 52 week low of $48.10 and a 52 week high of $92.88.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, July 31st. The textile maker reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.09. The firm had revenue of $605.25 million during the quarter, compared to analysts’ expectations of $587.97 million. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.20) EPS. On average, equities analysts predict that Columbia Sportswear Company will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.20 annualized dividend and a yield of 2.2%. Columbia Sportswear’s payout ratio is 30.61%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on COLM. Cfra Research upgraded Columbia Sportswear to a “hold” rating in a research report on Monday, August 4th. Barclays dropped their price target on Columbia Sportswear from $62.00 to $51.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Stifel Nicolaus dropped their price target on Columbia Sportswear from $75.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, August 1st. UBS Group dropped their price target on Columbia Sportswear from $45.00 to $40.00 and set a “sell” rating for the company in a research report on Friday, August 1st. Finally, Citigroup dropped their price target on Columbia Sportswear from $64.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, August 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Columbia Sportswear currently has an average rating of “Hold” and an average target price of $60.80.

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.