KBC Group NV Sells 381 Shares of Columbia Sportswear (NASDAQ:COLM)

KBC Group NV trimmed its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 19.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,557 shares of the textile maker’s stock after selling 381 shares during the quarter. KBC Group NV’s holdings in Columbia Sportswear were worth $130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Columbia Sportswear by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock worth $257,373,000 after purchasing an additional 21,104 shares during the period. Acadian Asset Management LLC bought a new position in Columbia Sportswear in the 1st quarter valued at $456,000. Seven Eight Capital LP bought a new stake in Columbia Sportswear in the first quarter worth about $258,000. CANADA LIFE ASSURANCE Co boosted its stake in Columbia Sportswear by 1.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 24,707 shares of the textile maker’s stock valued at $2,005,000 after acquiring an additional 413 shares during the last quarter. Finally, Hyperion Capital Advisors LP purchased a new stake in shares of Columbia Sportswear during the 1st quarter worth approximately $269,000. 47.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $77.00.

Columbia Sportswear Trading Up 1.2 %

COLM opened at $81.09 on Friday. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $87.23. The business’s 50-day moving average price is $81.43 and its 200-day moving average price is $81.24. The company has a market cap of $4.64 billion, a P/E ratio of 22.42, a P/E/G ratio of 3.47 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.36 by $0.20. The firm had revenue of $931.80 million during the quarter, compared to the consensus estimate of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 earnings per share. Equities research analysts forecast that Columbia Sportswear will post 3.86 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.48%. 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.