Mutual of America Capital Management LLC Has $1.25 Million Holdings in Columbia Sportswear Company (NASDAQ:COLM)

Mutual of America Capital Management LLC trimmed its stake in Columbia Sportswear Company (NASDAQ:COLM) by 2.6% during the first quarter, Holdings Channel reports. The fund owned 16,483 shares of the textile maker’s stock after selling 435 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Columbia Sportswear were worth $1,248,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in COLM. Barclays PLC raised its stake in shares of Columbia Sportswear by 487.8% in the 4th quarter. Barclays PLC now owns 271,293 shares of the textile maker’s stock valued at $22,770,000 after acquiring an additional 225,140 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Columbia Sportswear in the 1st quarter valued at approximately $15,099,000. Millennium Management LLC bought a new position in shares of Columbia Sportswear in the 4th quarter valued at approximately $9,626,000. Invesco Ltd. raised its stake in shares of Columbia Sportswear by 25.3% in the 4th quarter. Invesco Ltd. now owns 530,600 shares of the textile maker’s stock valued at $44,533,000 after acquiring an additional 107,157 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Columbia Sportswear by 19.2% in the 4th quarter. Northern Trust Corp now owns 379,016 shares of the textile maker’s stock valued at $31,811,000 after acquiring an additional 61,088 shares in the last quarter. 47.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on COLM shares. UBS Group cut their price objective on Columbia Sportswear from $45.00 to $40.00 and set a “sell” rating on the stock in a research note on Friday, August 1st. Barclays cut their price objective on Columbia Sportswear from $62.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Stifel Nicolaus dropped their price target on Columbia Sportswear from $75.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. Cfra Research raised Columbia Sportswear to a “hold” rating in a research report on Monday, August 4th. Finally, Citigroup dropped their price target on Columbia Sportswear from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, August 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.80.

Columbia Sportswear Stock Down 0.5%

Shares of NASDAQ COLM opened at $50.70 on Monday. The business’s 50 day moving average is $60.02 and its two-hundred day moving average is $69.48. The company has a market cap of $2.78 billion, a P/E ratio of 12.93 and a beta of 1.00. Columbia Sportswear Company has a 12 month low of $48.10 and a 12 month high of $92.88.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, July 31st. The textile maker reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.09. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%. The company had revenue of $605.25 million for the quarter, compared to analyst estimates of $587.97 million. During the same quarter last year, the firm earned ($0.20) EPS. Columbia Sportswear’s revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts expect that Columbia Sportswear Company will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 21st. Columbia Sportswear’s dividend payout ratio (DPR) is presently 30.61%.

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.