Columbia Sportswear (NASDAQ:COLM) Position Reduced by Martin & Co. Inc. TN

Martin & Co. Inc. TN cut its position in shares of Columbia Sportswear (NASDAQ:COLM) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,359 shares of the textile maker’s stock after selling 1,282 shares during the quarter. Martin & Co. Inc. TN owned 0.06% of Columbia Sportswear worth $3,052,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in shares of Columbia Sportswear in the third quarter worth approximately $75,000. Blue Trust Inc. lifted its position in shares of Columbia Sportswear by 68.7% in the third quarter. Blue Trust Inc. now owns 705 shares of the textile maker’s stock worth $56,000 after purchasing an additional 287 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in Columbia Sportswear in the third quarter worth approximately $65,000. International Assets Investment Management LLC acquired a new position in Columbia Sportswear in the third quarter worth approximately $7,676,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Columbia Sportswear by 75.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,623 shares of the textile maker’s stock worth $468,000 after buying an additional 2,425 shares during the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Columbia Sportswear Stock Up 2.4 %

Shares of COLM stock opened at $84.58 on Monday. The stock has a 50-day moving average price of $85.38 and a 200 day moving average price of $83.15. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 3.16 and a beta of 0.93. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $91.30.

Columbia Sportswear (NASDAQ:COLM) last posted its earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. Sell-side analysts predict that Columbia Sportswear will post 4.12 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear’s dividend payout ratio is currently 31.01%.

Analysts Set New Price Targets

A number of equities analysts recently commented on COLM shares. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Stifel Nicolaus raised their price objective on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen raised their target price on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th.

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.