Columbia Sportswear (NASDAQ:COLM) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its position in shares of Columbia Sportswear (NASDAQ:COLM) by 32.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,257 shares of the textile maker’s stock after selling 11,134 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Columbia Sportswear were worth $1,839,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. AdvisorShares Investments LLC purchased a new stake in Columbia Sportswear in the 2nd quarter worth approximately $435,000. Texas Permanent School Fund Corp grew its position in shares of Columbia Sportswear by 10.1% in the second quarter. Texas Permanent School Fund Corp now owns 33,228 shares of the textile maker’s stock valued at $2,628,000 after purchasing an additional 3,043 shares during the period. Rhumbline Advisers increased its stake in Columbia Sportswear by 8.1% in the second quarter. Rhumbline Advisers now owns 140,696 shares of the textile maker’s stock valued at $11,126,000 after purchasing an additional 10,548 shares during the last quarter. Natixis Advisors LLC lifted its position in Columbia Sportswear by 2.6% during the second quarter. Natixis Advisors LLC now owns 86,125 shares of the textile maker’s stock worth $6,811,000 after buying an additional 2,210 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in Columbia Sportswear by 468.7% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 17,068 shares of the textile maker’s stock worth $1,350,000 after buying an additional 14,067 shares during the last quarter. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Sportswear Trading Down 1.6 %

NASDAQ:COLM opened at $80.90 on Tuesday. The firm’s fifty day simple moving average is $80.64 and its 200 day simple moving average is $80.37. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $87.23. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 3.00 and a beta of 0.92.

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

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.48%. Columbia Sportswear’s payout ratio is currently 29.27%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on COLM shares. Wedbush reiterated a “neutral” rating and set a $80.00 price objective on shares of Columbia Sportswear in a report on Thursday, July 18th. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, Stifel Nicolaus raised Columbia Sportswear from a “hold” rating to a “buy” rating and increased their target price for the stock from $84.00 to $92.00 in a research report on Monday, July 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $77.00.

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.