Handelsbanken Fonder AB Purchases 1,600 Shares of Columbia Sportswear (NASDAQ:COLM)

Handelsbanken Fonder AB boosted its position in Columbia Sportswear (NASDAQ:COLM) by 18.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,258 shares of the textile maker’s stock after buying an additional 1,600 shares during the period. Handelsbanken Fonder AB’s holdings in Columbia Sportswear were worth $853,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. lifted 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 period. Headlands Technologies LLC lifted its stake in Columbia Sportswear by 174.8% in the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock valued at $49,000 after buying an additional 381 shares during the period. Northwest Investment Counselors LLC bought a new position in shares of Columbia Sportswear during the 1st quarter worth approximately $64,000. Dnca Finance acquired a new stake in shares of Columbia Sportswear during the 2nd quarter worth approximately $68,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Columbia Sportswear in the 2nd quarter valued at $253,000. Institutional investors own 47.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on COLM. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. 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 research report on Monday, July 8th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $80.00 target price 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 given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $77.00.

Columbia Sportswear Price Performance

Shares of Columbia Sportswear stock opened at $80.13 on Friday. Columbia Sportswear has a one year low of $66.01 and a one year high of $87.23. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 3.00 and a beta of 0.92. The business has a 50-day simple moving average of $81.32 and a 200 day simple moving average of $80.60.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.14. The business had revenue of $570.20 million during the quarter, compared to the consensus estimate of $569.37 million. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The company’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. On average, sell-side analysts expect that Columbia Sportswear will post 3.84 EPS for the current year.

Columbia Sportswear Announces Dividend

The business 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 dividend on an annualized basis and a yield of 1.50%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 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.