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

Principal Financial Group Inc. lowered its position in shares of Columbia Sportswear (NASDAQ:COLM) by 32.2% in the third quarter, according to its most recent 13F filing 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 quarter. Principal Financial Group Inc. owned approximately 0.13% of Columbia Sportswear worth $6,324,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Columbia Sportswear by 51.3% in the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 142 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Columbia Sportswear by 68.7% in the third quarter. Blue Trust Inc. now owns 705 shares of the textile maker’s stock valued at $56,000 after buying an additional 287 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Columbia Sportswear in the third quarter valued at about $65,000. nVerses Capital LLC bought a new stake in Columbia Sportswear during the 3rd quarter worth about $75,000. Finally, Algert Global LLC acquired a new stake in Columbia Sportswear in the 2nd quarter valued at about $286,000. 47.76% of the stock is owned by institutional investors.

Columbia Sportswear Stock Performance

Shares of Columbia Sportswear stock opened at $83.93 on Thursday. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $91.30. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 3.74 and a beta of 0.94. The firm has a fifty day moving average of $84.83 and a two-hundred day moving average of $82.04.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. The firm had revenue of $931.80 million for the quarter, compared to analysts’ expectations of $937.17 million. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The company’s revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.70 earnings per share. As a group, research analysts forecast that Columbia Sportswear will post 3.89 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.43%. Columbia Sportswear’s dividend payout ratio is 33.15%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TD Cowen boosted their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, Stifel Nicolaus raised their price target on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $80.75.

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.