Principal Financial Group Inc. Has $6.32 Million Stock Holdings in Columbia Sportswear (NASDAQ:COLM)

Principal Financial Group Inc. lessened its holdings in Columbia Sportswear (NASDAQ:COLM) by 32.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,014 shares of the textile maker’s stock after selling 36,177 shares during the period. Principal Financial Group Inc. owned approximately 0.13% of Columbia Sportswear worth $6,324,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of COLM. Vanguard Group Inc. raised its stake in shares of Columbia Sportswear by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock worth $257,373,000 after buying an additional 21,104 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Columbia Sportswear in the first quarter valued at approximately $456,000. Seven Eight Capital LP bought a new position in Columbia Sportswear during the first quarter worth about $258,000. CANADA LIFE ASSURANCE Co lifted its position in shares of Columbia Sportswear by 1.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 24,707 shares of the textile maker’s stock valued at $2,005,000 after acquiring an additional 413 shares during the period. Finally, MQS Management LLC bought a new position in Columbia Sportswear in the first quarter valued at approximately $290,000. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Stock Performance

Shares of COLM opened at $80.10 on Thursday. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $87.23. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 3.54 and a beta of 0.92. The stock’s 50-day simple moving average is $81.43 and its 200 day simple moving average is $81.24.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The company had revenue of $931.80 million during the quarter, compared to analyst estimates of $937.17 million. During the same quarter in the previous year, the company posted $1.70 EPS. Columbia Sportswear’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, research analysts forecast that Columbia Sportswear will post 3.86 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.50%. The ex-dividend date is Wednesday, November 20th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 33.15%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. One investment 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. Based on data from MarketBeat, Columbia Sportswear has an average rating of “Hold” and an average price target of $77.00.

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.