Bank of Montreal Can Sells 1,130 Shares of Columbia Sportswear (NASDAQ:COLM)

Bank of Montreal Can reduced its position in Columbia Sportswear (NASDAQ:COLM) by 13.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,443 shares of the textile maker’s stock after selling 1,130 shares during the quarter. Bank of Montreal Can’s holdings in Columbia Sportswear were worth $610,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. lifted its holdings in shares of Columbia Sportswear by 116.6% during the 2nd quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after acquiring an additional 225 shares during the period. Headlands Technologies LLC grew its position in Columbia Sportswear by 174.8% in the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 381 shares during the period. Northwest Investment Counselors LLC bought a new stake in Columbia Sportswear in the first quarter valued at $64,000. Dnca Finance acquired a new position in Columbia Sportswear during the second quarter worth $68,000. Finally, Seven Eight Capital LP bought a new position in shares of Columbia Sportswear during the first quarter valued at $258,000. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Stock Up 0.9 %

Shares of COLM stock opened at $80.76 on Wednesday. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 3.01 and a beta of 0.92. Columbia Sportswear has a 12 month low of $66.01 and a 12 month high of $87.23. The stock has a 50-day moving average price of $81.30 and a 200 day moving average price of $80.58.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, topping 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 company had revenue of $570.20 million during the quarter, compared to analysts’ expectations of $569.37 million. During the same quarter in the previous year, the company earned $0.14 EPS. Columbia Sportswear’s revenue was down 8.2% on a year-over-year basis. Sell-side analysts predict that Columbia Sportswear will post 3.85 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Thursday, August 15th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 29.27%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on COLM. Wedbush reaffirmed a “neutral” rating and issued a $80.00 target price 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 upped their price objective for the stock from $84.00 to $92.00 in a research note on Monday, July 8th. Finally, StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.