Barclays PLC Sells 56,784 Shares of Columbia Sportswear (NASDAQ:COLM)

Barclays PLC lowered its position in Columbia Sportswear (NASDAQ:COLM) by 55.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,153 shares of the textile maker’s stock after selling 56,784 shares during the quarter. Barclays PLC’s holdings in Columbia Sportswear were worth $3,840,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in shares of Columbia Sportswear by 19.8% in the third quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock valued at $147,544,000 after purchasing an additional 292,716 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Columbia Sportswear by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,195,386 shares of the textile maker’s stock valued at $94,530,000 after buying an additional 56,348 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Columbia Sportswear by 153.3% in the 2nd quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock valued at $48,722,000 after buying an additional 372,886 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Columbia Sportswear by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 550,622 shares of the textile maker’s stock worth $45,806,000 after acquiring an additional 1,758 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Columbia Sportswear by 3.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 425,483 shares of the textile maker’s stock valued at $33,647,000 after acquiring an additional 15,375 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Price Performance

Shares of COLM opened at $88.31 on Monday. The business’s 50 day simple moving average is $84.13 and its 200-day simple moving average is $81.83. Columbia Sportswear has a one year low of $73.04 and a one year high of $91.30. The company has a market capitalization of $5.05 billion, a P/E ratio of 24.40, a PEG ratio of 3.74 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. The company had revenue of $931.80 million during the quarter, compared to analyst estimates of $937.17 million. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the company posted $1.70 earnings per share. On average, sell-side analysts anticipate that Columbia Sportswear will post 3.89 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.36%. Columbia Sportswear’s payout ratio is 33.15%.

Analysts Set New Price Targets

Several research analysts recently issued reports on COLM shares. StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Stifel Nicolaus boosted their price target on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen increased their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $80.75.

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.