Amalgamated Bank Reduces Holdings in Columbia Sportswear (NASDAQ:COLM)

Amalgamated Bank lowered its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 27.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,191 shares of the textile maker’s stock after selling 5,851 shares during the quarter. Amalgamated Bank’s holdings in Columbia Sportswear were worth $1,264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Columbia Sportswear by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock valued at $257,373,000 after acquiring an additional 21,104 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in Columbia Sportswear during the first quarter valued at $3,806,000. Entropy Technologies LP purchased a new stake in Columbia Sportswear in the first quarter valued at $604,000. Tidal Investments LLC acquired a new stake in Columbia Sportswear during the 1st quarter worth about $845,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Columbia Sportswear during the 1st quarter valued at about $970,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

Columbia Sportswear Stock Up 1.5 %

COLM stock opened at $84.59 on Thursday. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $87.23. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 3.53 and a beta of 0.92. The business has a fifty day moving average of $81.31 and a two-hundred day moving average of $81.17.

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

Columbia Sportswear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear’s dividend payout ratio is presently 33.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on COLM shares. Wedbush reissued a “neutral” rating and issued a $80.00 price target 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 investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Columbia Sportswear presently 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.