Inspire Investing LLC Decreases Position in Columbia Sportswear (NASDAQ:COLM)

Inspire Investing LLC lowered its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,305 shares of the textile maker’s stock after selling 170 shares during the period. Inspire Investing LLC’s holdings in Columbia Sportswear were worth $940,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of COLM. Pacer Advisors Inc. grew its stake 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 in the last quarter. American Century Companies Inc. grew its stake 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 in the last quarter. AQR Capital Management LLC grew its stake in Columbia Sportswear by 149.0% in the 2nd quarter. AQR Capital Management LLC now owns 195,933 shares of the textile maker’s stock valued at $15,463,000 after buying an additional 117,260 shares in the last quarter. Marshall Wace LLP grew its stake in Columbia Sportswear by 1,574.3% in the 2nd quarter. Marshall Wace LLP now owns 80,383 shares of the textile maker’s stock valued at $6,357,000 after buying an additional 75,582 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in Columbia Sportswear in the 2nd quarter valued at approximately $5,491,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Sportswear Price Performance

Shares of NASDAQ:COLM opened at $80.13 on Monday. The company’s fifty day moving average price is $81.32 and its 200-day moving average price is $80.61. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 3.00 and a beta of 0.92. Columbia Sportswear has a one year low of $66.01 and a one year high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.14. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The business had revenue of $570.20 million for the quarter, compared to analysts’ expectations of $569.37 million. During the same quarter in the prior 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, equities research analysts expect that Columbia Sportswear will post 3.84 EPS for the current year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.50%. The ex-dividend date was Thursday, August 15th. Columbia Sportswear’s dividend payout ratio (DPR) is currently 29.27%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on COLM shares. Wedbush reiterated a “neutral” rating and issued a $80.00 price objective on shares of Columbia Sportswear in a research note on Thursday, July 18th. StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Finally, Stifel Nicolaus raised Columbia Sportswear from a “hold” rating to a “buy” rating and lifted their price objective for the company from $84.00 to $92.00 in a research note on Monday, July 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.