Dimensional Fund Advisors LP Grows Holdings in Columbia Sportswear (NASDAQ:COLM)

Dimensional Fund Advisors LP boosted its position in Columbia Sportswear (NASDAQ:COLM) by 4.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,195,386 shares of the textile maker’s stock after buying an additional 56,348 shares during the quarter. Dimensional Fund Advisors LP owned 2.02% of Columbia Sportswear worth $94,530,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COLM. State of Michigan Retirement System lifted its stake in shares of Columbia Sportswear by 2.4% in the first quarter. State of Michigan Retirement System now owns 8,474 shares of the textile maker’s stock worth $688,000 after acquiring an additional 200 shares in the last quarter. Blue Trust Inc. raised its position in shares of Columbia Sportswear by 116.6% in 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 in the last quarter. Kapitalo Investimentos Ltda boosted its stake in shares of Columbia Sportswear by 9.9% during the 4th quarter. Kapitalo Investimentos Ltda now owns 3,694 shares of the textile maker’s stock valued at $294,000 after buying an additional 332 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Columbia Sportswear by 7.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,698 shares of the textile maker’s stock worth $348,000 after buying an additional 336 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in shares of Columbia Sportswear by 2.6% in the first quarter. Inspire Investing LLC now owns 14,076 shares of the textile maker’s stock worth $1,143,000 after buying an additional 361 shares during the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Columbia Sportswear Stock Performance

Columbia Sportswear stock opened at $79.80 on Wednesday. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $87.23. The firm’s 50-day moving average is $80.65 and its 200-day moving average is $80.36. The company has a market cap of $4.72 billion, a P/E ratio of 19.46, a PEG ratio of 3.00 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.14. The firm had revenue of $570.20 million during the quarter, compared to the consensus estimate of $569.37 million. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The firm’s revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 EPS. As a group, sell-side analysts predict that Columbia Sportswear will post 3.85 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Thursday, August 15th. Columbia Sportswear’s dividend payout ratio (DPR) is 29.27%.

Analyst Ratings Changes

A number of research firms have commented on COLM. Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and increased their price objective for the company from $84.00 to $92.00 in a research note on Monday, July 8th. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Wedbush reiterated a “neutral” rating and issued a $80.00 price target on shares of Columbia Sportswear in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus 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.