Columbia Sportswear (NASDAQ:COLM) Shares Sold by Beddow Capital Management Inc.

Beddow Capital Management Inc. reduced its stake in Columbia Sportswear (NASDAQ:COLM) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,500 shares of the textile maker’s stock after selling 150 shares during the quarter. Beddow Capital Management Inc.’s holdings in Columbia Sportswear were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in COLM. Pacer Advisors Inc. raised its position in Columbia Sportswear by 44.3% in the second quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock valued at $117,107,000 after purchasing an additional 454,738 shares during the period. American Century Companies Inc. boosted its holdings in Columbia Sportswear by 153.3% during the 2nd quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock valued at $48,722,000 after acquiring an additional 372,886 shares during the period. Norges Bank acquired a new position in Columbia Sportswear in the 4th quarter valued at about $22,526,000. First Trust Advisors LP increased its stake in Columbia Sportswear by 28.3% during the fourth quarter. First Trust Advisors LP now owns 476,608 shares of the textile maker’s stock worth $37,909,000 after purchasing an additional 105,193 shares during the period. Finally, Verition Fund Management LLC lifted its position in shares of Columbia Sportswear by 1,128.3% during the fourth quarter. Verition Fund Management LLC now owns 110,106 shares of the textile maker’s stock worth $8,758,000 after purchasing an additional 101,142 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Stock Down 0.3 %

NASDAQ COLM opened at $82.23 on Friday. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $87.23. The firm has a 50 day moving average of $80.58 and a two-hundred day moving average of $80.37. The stock has a market capitalization of $4.86 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 3.00 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.14. The firm had revenue of $570.20 million for the quarter, compared to analyst estimates of $569.37 million. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. Columbia Sportswear’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 earnings per share. On average, equities research analysts expect that Columbia Sportswear will post 3.85 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently declared 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 1.46%. The ex-dividend date of this dividend was Thursday, August 15th. Columbia Sportswear’s dividend payout ratio (DPR) is 29.27%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on COLM. Wedbush reaffirmed a “neutral” rating and set a $80.00 target price on shares of Columbia Sportswear in a research note on Thursday, July 18th. Stifel Nicolaus upgraded 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. Finally, StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus 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.