GHP Investment Advisors Inc. Decreases Stock Holdings in Columbia Sportswear (NASDAQ:COLM)

GHP Investment Advisors Inc. lessened its holdings in Columbia Sportswear (NASDAQ:COLM) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,221 shares of the textile maker’s stock after selling 1,134 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Columbia Sportswear were worth $2,285,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Algert Global LLC purchased a new position in Columbia Sportswear in the second quarter valued at approximately $286,000. Handelsbanken Fonder AB grew its position in shares of Columbia Sportswear by 18.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 10,258 shares of the textile maker’s stock valued at $853,000 after buying an additional 1,600 shares during the last quarter. GAMMA Investing LLC raised its stake in Columbia Sportswear by 51.3% during the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after acquiring an additional 142 shares in the last quarter. nVerses Capital LLC purchased a new stake in Columbia Sportswear in the third quarter valued at $75,000. Finally, Blue Trust Inc. boosted its stake in Columbia Sportswear by 68.7% in the third quarter. Blue Trust Inc. now owns 705 shares of the textile maker’s stock valued at $56,000 after acquiring an additional 287 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on COLM shares. TD Cowen boosted their target price on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Stifel Nicolaus raised their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th.

Columbia Sportswear Stock Performance

COLM stock opened at $79.66 on Friday. The stock has a market capitalization of $4.56 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 3.32 and a beta of 0.93. The company has a fifty day moving average of $86.46 and a 200-day moving average of $83.05. Columbia Sportswear has a one year low of $73.04 and a one year high of $91.30.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. Equities analysts forecast that Columbia Sportswear will post 3.96 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 33.15%.

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.