Xponance Inc. Cuts Stake in Columbia Sportswear (NASDAQ:COLM)

Xponance Inc. lowered its position in shares of Columbia Sportswear (NASDAQ:COLM) by 12.8% in the second quarter, Holdings Channel reports. The institutional investor owned 3,599 shares of the textile maker’s stock after selling 529 shares during the period. Xponance Inc.’s holdings in Columbia Sportswear were worth $285,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Duality Advisers LP raised its position in Columbia Sportswear by 225.2% during the 1st quarter. Duality Advisers LP now owns 40,244 shares of the textile maker’s stock worth $3,267,000 after buying an additional 27,868 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Columbia Sportswear by 1,964.4% in the 1st quarter. Quantbot Technologies LP now owns 10,322 shares of the textile maker’s stock valued at $838,000 after purchasing an additional 9,822 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Columbia Sportswear by 0.7% in the 1st 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. Ontario Teachers Pension Plan Board purchased a new position in shares of Columbia Sportswear in the 1st quarter valued at about $3,806,000. Finally, Entropy Technologies LP purchased a new position in shares of Columbia Sportswear in the 1st quarter valued at about $604,000. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on COLM. 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 report on Monday, July 8th. Wedbush reiterated a “neutral” rating and issued a $80.00 price target on shares of Columbia Sportswear in a report on Thursday, July 18th. Finally, StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $77.00.

Columbia Sportswear Trading Up 1.4 %

Shares of NASDAQ COLM opened at $84.32 on Wednesday. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 3.01 and a beta of 0.92. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $87.23. The company’s 50-day moving average price is $80.90 and its 200 day moving average price is $80.42.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.14. The firm had revenue of $570.20 million for the quarter, compared to analysts’ expectations of $569.37 million. Columbia Sportswear had a net margin of 6.72% and a return on equity of 13.01%. The firm’s revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 EPS. As a group, research analysts expect that Columbia Sportswear will post 3.85 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.42%. Columbia Sportswear’s dividend payout ratio is currently 29.27%.

About Columbia Sportswear

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.