Wealth Enhancement Advisory Services LLC Purchases 2,425 Shares of Columbia Sportswear (NASDAQ:COLM)

Wealth Enhancement Advisory Services LLC raised its position in Columbia Sportswear (NASDAQ:COLM) by 75.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,623 shares of the textile maker’s stock after acquiring an additional 2,425 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Columbia Sportswear were worth $468,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of Columbia Sportswear by 116.6% in the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after purchasing an additional 225 shares in the last quarter. GAMMA Investing LLC lifted its position in Columbia Sportswear by 51.3% during the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after buying an additional 142 shares in the last quarter. Headlands Technologies LLC boosted its stake in shares of Columbia Sportswear by 174.8% during the 1st 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 bought a new position in shares of Columbia Sportswear in the 3rd quarter valued at about $65,000. Finally, Dnca Finance bought a new stake in Columbia Sportswear during the second quarter worth about $68,000. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Trading Down 2.0 %

Shares of NASDAQ COLM opened at $83.45 on Friday. The company has a market capitalization of $4.89 billion, a P/E ratio of 23.05, a P/E/G ratio of 3.46 and a beta of 0.92. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $87.23. The stock has a 50 day moving average of $81.14 and a 200-day moving average of $81.07.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.20. The company had revenue of $931.80 million for the quarter, compared to analyst estimates of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The company’s revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.70 earnings per share. Analysts predict that Columbia Sportswear will post 3.86 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company 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 dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.44%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 33.15%.

Analysts Set New Price Targets

Several research analysts have weighed in on COLM shares. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. 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, one has given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $77.00.

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.