State of Alaska Department of Revenue Cuts Stake in Columbia Sportswear (NASDAQ:COLM)

State of Alaska Department of Revenue cut its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,108 shares of the textile maker’s stock after selling 155 shares during the quarter. State of Alaska Department of Revenue’s holdings in Columbia Sportswear were worth $847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in COLM. GAMMA Investing LLC grew its stake in shares of Columbia Sportswear by 51.3% during the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after purchasing an additional 142 shares during the period. Blue Trust Inc. grew its stake in shares of Columbia Sportswear by 68.7% during the 3rd quarter. Blue Trust Inc. now owns 705 shares of the textile maker’s stock worth $56,000 after purchasing an additional 287 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of Columbia Sportswear during the 3rd quarter worth $65,000. nVerses Capital LLC acquired a new position in shares of Columbia Sportswear during the 3rd quarter worth $75,000. Finally, KBC Group NV grew its stake in shares of Columbia Sportswear by 26.8% during the 4th quarter. KBC Group NV now owns 1,975 shares of the textile maker’s stock worth $166,000 after purchasing an additional 418 shares during the period. 47.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on COLM shares. Stifel Nicolaus upped their price target 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. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, TD Cowen increased their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th.

Columbia Sportswear Trading Up 3.9 %

Shares of NASDAQ COLM opened at $82.59 on Friday. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 3.16 and a beta of 0.93. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $91.30. The company’s 50-day moving average price is $85.56 and its 200 day moving average price is $83.09.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. As a group, research analysts expect that Columbia Sportswear will post 4.12 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.45%. Columbia Sportswear’s dividend payout ratio is currently 31.01%.

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.