Principal Financial Group Inc. Sells 36,177 Shares of Columbia Sportswear (NASDAQ:COLM)

Principal Financial Group Inc. trimmed its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 32.2% in the third quarter, Holdings Channel.com reports. The firm owned 76,014 shares of the textile maker’s stock after selling 36,177 shares during the quarter. Principal Financial Group Inc.’s holdings in Columbia Sportswear were worth $6,324,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Impax Asset Management Group plc boosted its position in shares of Columbia Sportswear by 79.2% during the third quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker’s stock worth $7,530,000 after buying an additional 40,000 shares during the period. International Assets Investment Management LLC acquired a new position in Columbia Sportswear during the 3rd quarter worth approximately $7,676,000. Pacer Advisors Inc. grew its stake in shares of Columbia Sportswear by 44.3% during the 2nd quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock worth $117,107,000 after acquiring an additional 454,738 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Columbia Sportswear in the third quarter valued at approximately $499,000. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Columbia Sportswear by 113.7% in the third quarter. Crossmark Global Holdings Inc. now owns 36,481 shares of the textile maker’s stock worth $3,034,000 after purchasing an additional 19,413 shares in the last quarter. 47.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

COLM has been the subject of a number of analyst reports. StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. TD Cowen raised their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. Finally, Stifel Nicolaus upped their target price on Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $80.75.

Columbia Sportswear Price Performance

Shares of COLM opened at $83.93 on Thursday. The firm has a 50-day moving average of $84.83 and a 200-day moving average of $82.04. The company has a market cap of $4.80 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 3.74 and a beta of 0.94. Columbia Sportswear has a one year low of $73.04 and a one year high of $91.30.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The firm had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. During the same quarter in the previous year, the business earned $1.70 earnings per share. The business’s revenue was down 5.5% compared to the same quarter last year. Analysts expect that Columbia Sportswear will post 3.89 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.43%. Columbia Sportswear’s dividend payout ratio (DPR) is 33.15%.

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.