Loomis Sayles & Co. L P Sells 32,697 Shares of Columbia Sportswear (NASDAQ:COLM)

Loomis Sayles & Co. L P trimmed its position in Columbia Sportswear (NASDAQ:COLM) by 5.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 526,526 shares of the textile maker’s stock after selling 32,697 shares during the period. Loomis Sayles & Co. L P owned 0.92% of Columbia Sportswear worth $43,801,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of COLM. Blue Trust Inc. raised its position in Columbia Sportswear by 116.6% in 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 raised its holdings in 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 buying an additional 142 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in Columbia Sportswear during the 3rd quarter worth approximately $65,000. Dnca Finance acquired a new stake in Columbia Sportswear during the 2nd quarter worth approximately $68,000. Finally, nVerses Capital LLC bought a new stake in Columbia Sportswear during the 3rd quarter worth approximately $75,000. Institutional investors and hedge funds own 47.76% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $77.00.

Columbia Sportswear Stock Performance

NASDAQ:COLM opened at $88.07 on Tuesday. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $88.62. The firm’s fifty day moving average is $81.44 and its 200-day moving average is $81.25. The firm has a market cap of $5.04 billion, a P/E ratio of 24.33, a P/E/G ratio of 3.52 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The business had revenue of $931.80 million for the quarter, compared to analysts’ expectations of $937.17 million. During the same quarter in the prior year, the firm posted $1.70 earnings per share. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Columbia Sportswear will post 3.87 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.36%. Columbia Sportswear’s payout ratio is currently 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.