Moody National Bank Trust Division Lowers Holdings in Columbia Sportswear (NASDAQ:COLM)

Moody National Bank Trust Division lowered its position in shares of Columbia Sportswear (NASDAQ:COLM) by 47.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,827 shares of the textile maker’s stock after selling 2,600 shares during the period. Moody National Bank Trust Division’s holdings in Columbia Sportswear were worth $224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC increased its holdings in shares of Columbia Sportswear by 76.2% during the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock worth $36,000 after buying an additional 195 shares during the last quarter. TFO Wealth Partners LLC increased its holdings in shares of Columbia Sportswear by 11,725.0% during the 4th quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock worth $38,000 after buying an additional 469 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of Columbia Sportswear by 174.8% during the 1st quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock worth $49,000 after buying an additional 381 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Columbia Sportswear during the 1st quarter worth approximately $64,000. Finally, Versor Investments LP acquired a new stake in shares of Columbia Sportswear during the 4th quarter worth approximately $223,000. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Stock Performance

NASDAQ COLM traded up $2.27 during trading on Tuesday, reaching $80.48. The company’s stock had a trading volume of 628,616 shares, compared to its average volume of 496,248. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $87.23. The business’s fifty day moving average price is $80.44 and its 200-day moving average price is $80.11. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 2.94 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.14. Columbia Sportswear had a net margin of 6.72% and a return on equity of 13.01%. The firm had revenue of $570.20 million for the quarter, compared to the consensus estimate of $569.37 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The firm’s revenue was down 8.2% on a year-over-year basis. As a group, sell-side analysts forecast that Columbia Sportswear will post 3.85 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, August 15th. Columbia Sportswear’s dividend payout ratio is currently 29.27%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Wedbush reiterated a “neutral” rating and issued a $80.00 target price on shares of Columbia Sportswear in a report on Thursday, July 18th. Finally, Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and lifted their target price for the company from $84.00 to $92.00 in a report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $77.00.

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.