Columbia Sportswear (NASDAQ:COLM) Shares Sold by Creative Planning

Creative Planning lowered its position in Columbia Sportswear (NASDAQ:COLM) by 5.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,697 shares of the textile maker’s stock after selling 484 shares during the quarter. Creative Planning’s holdings in Columbia Sportswear were worth $724,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Columbia Sportswear by 51.3% in the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 142 shares in the last quarter. State of Michigan Retirement System raised its stake in shares of Columbia Sportswear by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 8,474 shares of the textile maker’s stock valued at $688,000 after purchasing an additional 200 shares in the last quarter. Blue Trust Inc. raised 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 in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Columbia Sportswear by 7.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,698 shares of the textile maker’s stock valued at $348,000 after purchasing an additional 336 shares in the last quarter. Finally, Inspire Investing LLC raised its stake in shares of Columbia Sportswear by 2.6% in the 1st quarter. Inspire Investing LLC now owns 14,076 shares of the textile maker’s stock valued at $1,143,000 after purchasing an additional 361 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Stock Down 0.1 %

Shares of NASDAQ:COLM opened at $80.35 on Monday. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $87.23. The firm has a 50-day simple moving average of $80.95 and a 200 day simple moving average of $80.89. The company has a market cap of $4.70 billion, a PE ratio of 22.20, a P/E/G ratio of 2.96 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, topping the consensus estimate of $1.36 by $0.20. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The firm had revenue of $931.80 million during the quarter, compared to analysts’ expectations of $937.17 million. During the same quarter in the prior year, the firm earned $1.70 EPS. Columbia Sportswear’s quarterly revenue was down 5.5% on a year-over-year basis. As a group, research analysts forecast that Columbia Sportswear will post 3.9 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear’s dividend payout ratio (DPR) is 33.15%.

Analyst Upgrades and Downgrades

COLM has been the topic of a number of recent analyst reports. Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and upped their target price for the company from $84.00 to $92.00 in a research note on Monday, July 8th. StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Wedbush reaffirmed a “neutral” rating and set a $80.00 price objective on shares of Columbia Sportswear in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $77.00.

Columbia Sportswear Company 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.