Leeward Investments LLC MA Sells 27,926 Shares of Columbia Sportswear (NASDAQ:COLM)

Leeward Investments LLC MA trimmed its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 20.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,785 shares of the textile maker’s stock after selling 27,926 shares during the quarter. Leeward Investments LLC MA owned about 0.18% of Columbia Sportswear worth $8,967,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Columbia Sportswear by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock valued at $257,373,000 after buying an additional 21,104 shares during the period. Pacer Advisors Inc. increased its holdings in Columbia Sportswear by 44.3% in the 2nd quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker’s stock valued at $117,107,000 after buying an additional 454,738 shares during the period. Boston Trust Walden Corp increased its holdings in Columbia Sportswear by 1.1% in the 2nd quarter. Boston Trust Walden Corp now owns 1,304,761 shares of the textile maker’s stock valued at $103,180,000 after buying an additional 13,636 shares during the period. Dimensional Fund Advisors LP increased its holdings in 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 during the period. Finally, American Century Companies Inc. increased its holdings in 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 during the period. 47.76% of the stock is owned by institutional investors.

Columbia Sportswear Trading Up 1.6 %

COLM opened at $85.12 on Friday. The company’s 50 day moving average is $81.08 and its 200-day moving average is $81.02. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $87.23. The company has a market cap of $4.98 billion, a P/E ratio of 23.51, a PEG ratio of 3.46 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly 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. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The company had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. During the same period last year, the company posted $1.70 EPS. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, equities analysts forecast that Columbia Sportswear will post 3.86 EPS for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.20 annualized dividend and a yield of 1.41%. Columbia Sportswear’s dividend payout ratio is presently 33.15%.

Analyst Ratings Changes

Several equities analysts have commented on COLM shares. Wedbush reissued a “neutral” rating and issued a $80.00 target price on shares of Columbia Sportswear in a report on Thursday, July 18th. StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.