Thrivent Financial for Lutherans Cuts Holdings in Columbia Sportswear (NASDAQ:COLM)

Thrivent Financial for Lutherans decreased its position in Columbia Sportswear (NASDAQ:COLM) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,113,128 shares of the textile maker’s stock after selling 51,746 shares during the period. Thrivent Financial for Lutherans owned 1.88% of Columbia Sportswear worth $88,026,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. grew its holdings in shares of 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 acquiring an additional 454,738 shares in the last quarter. American Century Companies Inc. grew its stake in Columbia Sportswear by 153.3% in the 2nd quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock valued at $48,722,000 after purchasing an additional 372,886 shares during the period. Norges Bank bought a new position in Columbia Sportswear in the 4th quarter valued at $22,526,000. First Trust Advisors LP increased its position in shares of Columbia Sportswear by 28.3% during the 4th quarter. First Trust Advisors LP now owns 476,608 shares of the textile maker’s stock valued at $37,909,000 after purchasing an additional 105,193 shares during the last quarter. Finally, Verition Fund Management LLC raised its stake in shares of Columbia Sportswear by 1,128.3% during the 4th 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 during the period. Institutional investors own 47.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wedbush restated a “neutral” rating and set a $80.00 price objective on shares of Columbia Sportswear in a report on Thursday, July 18th. Stifel Nicolaus raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and lifted their price target for the stock from $84.00 to $92.00 in a report on Monday, July 8th. Finally, StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Columbia Sportswear currently has an average rating of “Hold” and a consensus price target of $77.00.

Columbia Sportswear Stock Down 0.3 %

NASDAQ COLM opened at $82.23 on Friday. The firm has a market cap of $4.86 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 3.00 and a beta of 0.92. The company’s 50 day moving average is $80.58 and its 200-day moving average is $80.37. Columbia Sportswear has a 12-month low of $66.01 and a 12-month high of $87.23.

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

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 1.46%. Columbia Sportswear’s dividend payout ratio is currently 29.27%.

Columbia Sportswear 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.