Natixis Advisors LLC Lowers Stake in Columbia Sportswear Company (NASDAQ:COLM)

Key Points

• Natixis Advisors LLC reduced its stake in Columbia Sportswear Company by 15.4%, decreasing its holdings to 121,688 shares worth approximately $9.2 million as of its last SEC filing.
• Several analysts have recently lowered price targets for Columbia Sportswear, with Citigroup setting a new target at $61, while UBS reduced its target to $40, indicating a bearish outlook compared to prior estimates.
• Columbia Sportswear announced a quarterly dividend of $0.30 per share, reflecting an annual yield of 2.3%, with a payout ratio of 30.61%.

Natixis Advisors LLC trimmed its stake in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 15.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,688 shares of the textile maker's stock after selling 22,143 shares during the period. Natixis Advisors LLC owned about 0.22% of Columbia Sportswear worth $9,211,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in Columbia Sportswear by 25.3% in the 4th quarter. Invesco Ltd. now owns 530,600 shares of the textile maker's stock worth $44,533,000 after purchasing an additional 107,157 shares during the period. Northern Trust Corp raised its position in Columbia Sportswear by 19.2% during the fourth quarter. Northern Trust Corp now owns 379,016 shares of the textile maker's stock worth $31,811,000 after acquiring an additional 61,088 shares during the period. Norges Bank acquired a new stake in Columbia Sportswear in the 4th quarter worth about $25,710,000. AQR Capital Management LLC lifted its stake in Columbia Sportswear by 11.2% in the 4th quarter. AQR Capital Management LLC now owns 276,992 shares of the textile maker's stock worth $23,248,000 after purchasing an additional 27,852 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Columbia Sportswear by 487.8% during the 4th quarter. Barclays PLC now owns 271,293 shares of the textile maker's stock worth $22,770,000 after purchasing an additional 225,140 shares during the last quarter. Institutional investors and hedge funds own 47.76% of the company's stock.

Columbia Sportswear Stock Performance

COLM stock traded down $0.42 during midday trading on Friday, hitting $50.55. 280,670 shares of the stock were exchanged, compared to its average volume of 776,433. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 3.61 and a beta of 1.00. Columbia Sportswear Company has a fifty-two week low of $48.10 and a fifty-two week high of $92.88. The stock's 50-day moving average price is $60.29 and its 200-day moving average price is $69.99.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The textile maker reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.09. The business had revenue of $605.25 million for the quarter, compared to analyst estimates of $587.97 million. Columbia Sportswear had a net margin of 6.59% and a return on equity of 12.97%. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.20) EPS. Research analysts anticipate that Columbia Sportswear Company will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.20 annualized dividend and a yield of 2.4%. Columbia Sportswear's dividend payout ratio (DPR) is presently 30.61%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on COLM shares. Stifel Nicolaus lowered their price target on shares of Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Citigroup lowered their price objective on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, August 1st. Cfra Research raised Columbia Sportswear to a "hold" rating in a research note on Monday. UBS Group cut their price objective on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating for the company in a research report on Friday, August 1st. Finally, Needham & Company LLC assumed coverage on shares of Columbia Sportswear in a research report on Friday, May 30th. They issued a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $60.80.

Columbia Sportswear 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.