Xponance Inc. Trims Holdings in Columbia Sportswear (NASDAQ:COLM)

Xponance Inc. reduced its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 12.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,599 shares of the textile maker’s stock after selling 529 shares during the period. Xponance Inc.’s holdings in Columbia Sportswear were worth $285,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Duality Advisers LP increased its stake in Columbia Sportswear by 225.2% during the 1st quarter. Duality Advisers LP now owns 40,244 shares of the textile maker’s stock worth $3,267,000 after buying an additional 27,868 shares during the period. Quantbot Technologies LP increased its stake in Columbia Sportswear by 1,964.4% during the 1st quarter. Quantbot Technologies LP now owns 10,322 shares of the textile maker’s stock worth $838,000 after buying an additional 9,822 shares during the period. Vanguard Group Inc. increased its stake in Columbia Sportswear by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock worth $257,373,000 after buying an additional 21,104 shares during the period. Ontario Teachers Pension Plan Board purchased a new stake in Columbia Sportswear during the 1st quarter worth approximately $3,806,000. Finally, Entropy Technologies LP purchased a new stake in Columbia Sportswear during the 1st quarter worth approximately $604,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

Columbia Sportswear Stock Up 1.4 %

NASDAQ COLM opened at $84.32 on Wednesday. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $87.23. The stock has a market capitalization of $4.99 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 3.01 and a beta of 0.92. The firm has a 50 day moving average of $80.90 and a two-hundred day moving average of $80.42.

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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of $569.37 million. During the same quarter in the prior year, the business posted $0.14 EPS. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. On average, equities research analysts expect that Columbia Sportswear will post 3.85 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Thursday, August 15th. Columbia Sportswear’s payout ratio is 29.27%.

Analyst Ratings Changes

COLM has been the topic of several recent research reports. StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Friday, September 27th. Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and boosted their price target for the stock from $84.00 to $92.00 in a report on Monday, July 8th. Finally, Wedbush reiterated a “neutral” rating and set a $80.00 price target on shares of Columbia Sportswear in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.