Columbia Sportswear (NASDAQ:COLM) Shares Sold by Beddow Capital Management Inc.

Beddow Capital Management Inc. lowered its position in shares of Columbia Sportswear (NASDAQ:COLM) by 4.1% during the second quarter, Holdings Channel reports. The firm owned 3,500 shares of the textile maker’s stock after selling 150 shares during the quarter. Beddow Capital Management Inc.’s holdings in Columbia Sportswear were worth $277,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. State of Michigan Retirement System increased its position in Columbia Sportswear by 2.4% during the first quarter. State of Michigan Retirement System now owns 8,474 shares of the textile maker’s stock worth $688,000 after buying an additional 200 shares during the period. Blue Trust Inc. grew its position in 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 purchasing an additional 225 shares during the last quarter. Kapitalo Investimentos Ltda grew its position in Columbia Sportswear by 9.9% during the 4th quarter. Kapitalo Investimentos Ltda now owns 3,694 shares of the textile maker’s stock worth $294,000 after purchasing an additional 332 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Columbia Sportswear by 7.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,698 shares of the textile maker’s stock valued at $348,000 after buying an additional 336 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of Columbia Sportswear by 2.6% during the first quarter. Inspire Investing LLC now owns 14,076 shares of the textile maker’s stock worth $1,143,000 after buying an additional 361 shares during the period. 47.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Columbia Sportswear Trading Down 0.3 %

COLM stock opened at $82.23 on Friday. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $87.23. The company has a market cap of $4.86 billion, a P/E ratio of 20.06, a P/E/G ratio of 3.00 and a beta of 0.92. The company’s 50-day moving average price is $80.58 and its 200 day moving average price is $80.37.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $569.37 million. During the same quarter last year, the business posted $0.14 earnings per share. The business’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 year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Thursday, August 15th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 29.27%.

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.