Louisiana State Employees Retirement System Sells 400 Shares of Columbia Sportswear (NASDAQ:COLM)

Louisiana State Employees Retirement System cut its holdings in Columbia Sportswear (NASDAQ:COLM) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,500 shares of the textile maker’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Columbia Sportswear were worth $751,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of Columbia Sportswear by 116.6% in the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after buying an additional 225 shares during the last quarter. TFO Wealth Partners LLC lifted its holdings in Columbia Sportswear by 11,725.0% in the 4th quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock worth $38,000 after purchasing an additional 469 shares during the last quarter. Headlands Technologies LLC boosted its position in Columbia Sportswear by 174.8% during the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock worth $49,000 after purchasing an additional 381 shares during the period. Northwest Investment Counselors LLC acquired a new position in Columbia Sportswear during the first quarter valued at approximately $64,000. Finally, Dnca Finance bought a new position in shares of Columbia Sportswear in the second quarter valued at approximately $68,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on COLM shares. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and upped their price target for the company from $84.00 to $92.00 in a report on Monday, July 8th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $80.00 price target on shares of Columbia Sportswear in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $77.00.

Columbia Sportswear Price Performance

NASDAQ COLM opened at $80.47 on Friday. The company’s fifty day moving average is $79.65 and its two-hundred day moving average is $80.31. Columbia Sportswear has a 52-week low of $66.01 and a 52-week high of $87.23. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 2.94 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.14. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The business had revenue of $570.20 million for the quarter, compared to the consensus estimate of $569.37 million. During the same period last year, the business earned $0.14 earnings per share. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. As a group, sell-side analysts expect that Columbia Sportswear will post 3.85 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently disclosed 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Thursday, August 15th. Columbia Sportswear’s dividend payout ratio is presently 29.27%.

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.