Ontario Teachers Pension Plan Board Sells 20,692 Shares of Columbia Sportswear (NASDAQ:COLM)

Ontario Teachers Pension Plan Board trimmed its position in Columbia Sportswear (NASDAQ:COLM) by 50.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 20,692 shares of the textile maker’s stock after selling 20,692 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Columbia Sportswear were worth $1,721,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in Columbia Sportswear by 116.6% during the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 225 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Columbia Sportswear by 51.3% in the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 142 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in Columbia Sportswear in the third quarter worth about $65,000. Dnca Finance bought a new stake in Columbia Sportswear during the second quarter worth approximately $68,000. Finally, nVerses Capital LLC purchased a new stake in Columbia Sportswear during the third quarter valued at approximately $75,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Sportswear Stock Performance

Shares of COLM stock opened at $80.10 on Thursday. The stock has a 50 day moving average price of $81.43 and a 200 day moving average price of $81.24. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $87.23. The firm has a market capitalization of $4.58 billion, a P/E ratio of 22.13, a P/E/G ratio of 3.54 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.20. The business had revenue of $931.80 million during the quarter, compared to the consensus estimate of $937.17 million. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the company earned $1.70 earnings per share. As a group, sell-side analysts forecast that Columbia Sportswear will post 3.86 EPS for the current year.

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a $0.30 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.20 annualized dividend and a yield of 1.50%. Columbia Sportswear’s dividend payout ratio (DPR) is 33.15%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Columbia Sportswear currently has a consensus rating of “Hold” and a consensus target price 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.