Columbia Sportswear (NASDAQ:COLM) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its position in Columbia Sportswear (NASDAQ:COLM) by 17.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,683 shares of the textile maker’s stock after selling 7,699 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.06% of Columbia Sportswear worth $2,901,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC boosted its stake in Columbia Sportswear by 11,725.0% during the 4th quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock worth $38,000 after purchasing an additional 469 shares during the period. Headlands Technologies LLC increased its position in Columbia Sportswear by 174.8% in the 1st quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 381 shares during the period. Northwest Investment Counselors LLC acquired a new position in Columbia Sportswear in the 1st quarter valued at about $64,000. Dnca Finance purchased a new stake in Columbia Sportswear during the 2nd quarter valued at approximately $68,000. Finally, Versor Investments LP acquired a new stake in Columbia Sportswear during the 4th quarter worth approximately $223,000. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Stock Up 0.2 %

Shares of Columbia Sportswear stock traded up $0.12 on Thursday, hitting $79.92. The company’s stock had a trading volume of 453,081 shares, compared to its average volume of 491,990. The company has a market capitalization of $4.73 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. Columbia Sportswear has a 52-week low of $66.01 and a 52-week high of $87.23. The firm has a fifty day moving average price of $79.78 and a 200-day moving average price of $80.18.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.14. Columbia Sportswear had a net margin of 6.72% and a return on equity of 13.01%. The company had revenue of $570.20 million for the quarter, compared to the consensus estimate of $569.37 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. As a group, analysts expect that Columbia Sportswear will post 3.85 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. Columbia Sportswear’s dividend payout ratio is currently 29.27%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Stifel Nicolaus upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and upped their price target for the stock from $84.00 to $92.00 in a research note on Monday, July 8th. Wedbush reiterated a “neutral” rating and set a $80.00 target price on shares of Columbia Sportswear in a research report on Thursday, July 18th. Finally, StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $77.00.

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.