Victory Capital Management Inc. Reduces Stock Holdings in Columbia Sportswear (NASDAQ:COLM)

Victory Capital Management Inc. lessened its position in shares of Columbia Sportswear (NASDAQ:COLM) by 97.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,953 shares of the textile maker’s stock after selling 629,813 shares during the quarter. Victory Capital Management Inc.’s holdings in Columbia Sportswear were worth $1,244,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Columbia Sportswear by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock valued at $257,373,000 after purchasing an additional 21,104 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Columbia Sportswear by 44.3% in the 2nd quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock valued at $117,107,000 after buying an additional 454,738 shares in the last quarter. Boston Trust Walden Corp grew its holdings in Columbia Sportswear by 1.1% during the 2nd quarter. Boston Trust Walden Corp now owns 1,304,761 shares of the textile maker’s stock valued at $103,180,000 after buying an additional 13,636 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Columbia Sportswear by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,195,386 shares of the textile maker’s stock worth $94,530,000 after buying an additional 56,348 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Columbia Sportswear by 153.3% in the second quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock worth $48,722,000 after acquiring an additional 372,886 shares during the last quarter. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on COLM. TD Cowen increased their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research note on Tuesday. StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $78.75.

Columbia Sportswear Price Performance

NASDAQ COLM opened at $86.92 on Wednesday. The company has a market cap of $4.97 billion, a P/E ratio of 24.15, a P/E/G ratio of 3.52 and a beta of 0.92. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $88.62. The company has a 50-day moving average of $81.53 and a 200-day moving average of $81.28.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. The company had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. Columbia Sportswear’s revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 earnings per share. As a group, equities research analysts anticipate that Columbia Sportswear will post 3.87 EPS for the current year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a $0.30 dividend. 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 1.38%. Columbia Sportswear’s dividend payout ratio (DPR) is 33.15%.

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.