Inspire Investing LLC Cuts Position in Columbia Sportswear (NASDAQ:COLM)

Inspire Investing LLC decreased its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 18.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,475 shares of the textile maker’s stock after selling 2,601 shares during the period. Inspire Investing LLC’s holdings in Columbia Sportswear were worth $907,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its position in 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 purchasing an additional 225 shares during the last quarter. TFO Wealth Partners LLC lifted its stake in shares of Columbia Sportswear by 11,725.0% in the fourth quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock worth $38,000 after buying an additional 469 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of Columbia Sportswear by 174.8% during the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock valued at $49,000 after buying an additional 381 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Columbia Sportswear during the first quarter valued at approximately $64,000. Finally, Dnca Finance purchased a new position in Columbia Sportswear in the 2nd quarter worth approximately $68,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COLM has been the subject of a number of research analyst reports. Stifel Nicolaus raised Columbia Sportswear from a “hold” rating to a “buy” rating and lifted their target price for the stock from $84.00 to $92.00 in a report on Monday, July 8th. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Wedbush restated a “neutral” rating and set a $80.00 target price on shares of Columbia Sportswear in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $77.00.

Columbia Sportswear Price Performance

Shares of COLM opened at $82.23 on Friday. The firm has a market capitalization of $4.86 billion, a P/E ratio of 20.06, a PEG ratio of 3.00 and a beta of 0.92. Columbia Sportswear has a one year low of $66.01 and a one year high of $87.23. The business has a fifty day moving average of $80.58 and a 200 day moving average of $80.37.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.14. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The business had revenue of $570.20 million during the quarter, compared to the consensus estimate of $569.37 million. During the same period in the previous year, the company posted $0.14 EPS. The business’s quarterly revenue was down 8.2% compared to the same quarter last year. Analysts expect that Columbia Sportswear will post 3.85 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Thursday, August 15th. Columbia Sportswear’s payout ratio is 29.27%.

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.