MetLife Investment Management LLC Has $1.41 Million Holdings in Columbia Sportswear (NASDAQ:COLM)

MetLife Investment Management LLC cut its stake in Columbia Sportswear (NASDAQ:COLM) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,954 shares of the textile maker’s stock after selling 783 shares during the period. MetLife Investment Management LLC’s holdings in Columbia Sportswear were worth $1,410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Pacer Advisors Inc. lifted its holdings in Columbia Sportswear by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock worth $147,544,000 after buying an additional 292,716 shares in the last quarter. Boston Trust Walden Corp lifted its stake in shares of Columbia Sportswear by 1.1% during the second quarter. Boston Trust Walden Corp now owns 1,304,761 shares of the textile maker’s stock valued at $103,180,000 after acquiring an additional 13,636 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Columbia Sportswear by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,195,386 shares of the textile maker’s stock valued at $94,530,000 after acquiring an additional 56,348 shares during the last quarter. American Century Companies Inc. increased its position in Columbia Sportswear by 153.3% in the second quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker’s stock worth $48,722,000 after purchasing an additional 372,886 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Columbia Sportswear by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 550,622 shares of the textile maker’s stock worth $45,806,000 after purchasing an additional 1,758 shares during the last quarter. 47.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Thursday. TD Cowen lifted their target price on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $78.75.

Columbia Sportswear Price Performance

Shares of NASDAQ:COLM opened at $87.88 on Friday. The firm’s 50 day simple moving average is $82.47 and its 200 day simple moving average is $81.52. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $88.92. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 24.28, a P/E/G ratio of 3.71 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last posted 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 company had revenue of $931.80 million for the quarter, compared to analyst estimates of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. 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 business posted $1.70 earnings per share. Equities research analysts expect that Columbia Sportswear will post 3.89 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.20 annualized dividend and a yield of 1.37%. Columbia Sportswear’s dividend payout ratio is presently 33.15%.

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.