Wealth Enhancement Advisory Services LLC Takes Position in Columbia Sportswear (NASDAQ:COLM)

Wealth Enhancement Advisory Services LLC bought a new position in Columbia Sportswear (NASDAQ:COLM) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 3,198 shares of the textile maker’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dnca Finance bought a new position in shares of Columbia Sportswear in the second quarter worth about $68,000. Tidal Investments LLC bought a new stake in Columbia Sportswear during the 1st quarter worth approximately $845,000. B. Riley Wealth Advisors Inc. lifted its holdings in Columbia Sportswear by 7.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,698 shares of the textile maker’s stock valued at $348,000 after purchasing an additional 336 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Columbia Sportswear by 4.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,690 shares of the textile maker’s stock worth $2,005,000 after purchasing an additional 970 shares during the period. Finally, Hyperion Capital Advisors LP purchased a new stake in shares of Columbia Sportswear in the first quarter worth $269,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on COLM shares. Stifel Nicolaus upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and increased their price target for the stock from $84.00 to $92.00 in a research note on Monday, July 8th. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, Wedbush restated a “neutral” rating and issued a $80.00 price target on shares of Columbia Sportswear in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $77.00.

Columbia Sportswear Trading Down 0.5 %

NASDAQ:COLM opened at $83.36 on Tuesday. The business’s 50-day moving average is $79.69 and its 200 day moving average is $80.29. Columbia Sportswear has a 12 month low of $66.01 and a 12 month high of $87.23. The company has a market capitalization of $4.93 billion, a P/E ratio of 20.33, a P/E/G ratio of 2.94 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.14. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The business had revenue of $570.20 million for the quarter, compared to analysts’ expectations of $569.37 million. During the same period in the prior year, the firm earned $0.14 EPS. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. On average, research analysts forecast that Columbia Sportswear will post 3.85 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.44%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 29.27%.

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.