Columbia Sportswear (NASDAQ:COLM) Position Reduced by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its position in Columbia Sportswear (NASDAQ:COLM) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,100 shares of the textile maker’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Columbia Sportswear were worth $757,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Columbia Sportswear by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock valued at $257,373,000 after purchasing an additional 21,104 shares in the last quarter. Pacer Advisors Inc. grew its stake in Columbia Sportswear by 44.3% during the 2nd 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. Boston Trust Walden Corp increased its holdings in shares of Columbia Sportswear by 1.1% in the 2nd quarter. Boston Trust Walden Corp now owns 1,304,761 shares of the textile maker’s stock valued at $103,180,000 after purchasing an additional 13,636 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Columbia Sportswear by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,195,386 shares of the textile maker’s stock worth $94,530,000 after purchasing an additional 56,348 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Columbia Sportswear by 153.3% during the second quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock worth $48,722,000 after purchasing an additional 372,886 shares during the period. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Price Performance

Columbia Sportswear stock opened at $81.78 on Tuesday. Columbia Sportswear has a one year low of $73.04 and a one year high of $87.23. The company’s fifty day moving average price is $80.91 and its two-hundred day moving average price is $80.93. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.96 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. The business had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same period last year, the business earned $1.70 EPS. As a group, sell-side analysts anticipate that Columbia Sportswear will post 3.9 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.20 annualized dividend and a yield of 1.47%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 33.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on COLM shares. Wedbush reissued a “neutral” rating and set a $80.00 target price on shares of Columbia Sportswear in a research note on Thursday, July 18th. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Stifel Nicolaus raised Columbia Sportswear from a “hold” rating to a “buy” rating and raised their price target for the stock from $84.00 to $92.00 in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average 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.