Sepio Capital LP Sells 167 Shares of Columbia Sportswear (NASDAQ:COLM)

Sepio Capital LP lowered its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,477 shares of the textile maker’s stock after selling 167 shares during the quarter. Sepio Capital LP’s holdings in Columbia Sportswear were worth $987,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its stake in shares of Columbia Sportswear by 116.6% in the 2nd quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 225 shares during the last quarter. TFO Wealth Partners LLC boosted its stake in shares of Columbia Sportswear by 11,725.0% in the 4th quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 469 shares during the last quarter. Headlands Technologies LLC boosted its stake in shares of Columbia Sportswear by 174.8% in the 1st quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 381 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Columbia Sportswear in the 1st quarter valued at about $64,000. Finally, Dnca Finance bought a new position in shares of Columbia Sportswear in the 2nd quarter valued at about $68,000. Institutional investors own 47.76% of the company’s stock.

Analysts Set New Price Targets

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. Wedbush reiterated a “neutral” rating and issued a $80.00 price target on shares of Columbia Sportswear in a research report on Thursday, July 18th. Finally, Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and increased their price target for the company from $84.00 to $92.00 in a research report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $77.00.

Columbia Sportswear Price Performance

COLM stock opened at $82.76 on Friday. The company has a fifty day moving average price of $80.80 and a two-hundred day moving average price of $80.39. Columbia Sportswear has a one year low of $66.01 and a one year high of $87.23. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 3.01 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last posted 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 company had revenue of $570.20 million during the quarter, compared to the consensus estimate of $569.37 million. During the same quarter last year, the firm earned $0.14 earnings per share. The company’s revenue was down 8.2% on a year-over-year basis. Research analysts anticipate that Columbia Sportswear will post 3.85 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date 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.