Boston Trust Walden Corp Decreases Stake in Columbia Sportswear (NASDAQ:COLM)

Boston Trust Walden Corp lessened its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,280,926 shares of the textile maker’s stock after selling 23,835 shares during the period. Boston Trust Walden Corp owned 2.17% of Columbia Sportswear worth $106,560,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of COLM. Duality Advisers LP grew its position in shares of Columbia Sportswear by 225.2% in the first quarter. Duality Advisers LP now owns 40,244 shares of the textile maker’s stock valued at $3,267,000 after purchasing an additional 27,868 shares in the last quarter. Quantbot Technologies LP grew its holdings in Columbia Sportswear by 1,964.4% in the 1st quarter. Quantbot Technologies LP now owns 10,322 shares of the textile maker’s stock valued at $838,000 after buying an additional 9,822 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Columbia Sportswear by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,170,400 shares of the textile maker’s stock worth $257,373,000 after acquiring an additional 21,104 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of Columbia Sportswear during the 1st quarter worth $3,806,000. Finally, Entropy Technologies LP acquired a new position in shares of Columbia Sportswear during the 1st quarter valued at about $604,000. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Stock Down 2.1 %

Shares of COLM traded down $1.60 during trading on Friday, reaching $75.18. 367,356 shares of the company traded hands, compared to its average volume of 453,269. The stock has a 50-day simple moving average of $81.32 and a 200-day simple moving average of $80.72. The stock has a market cap of $4.44 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 3.00 and a beta of 0.92. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.14. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The company had revenue of $570.20 million for the quarter, compared to analyst estimates of $569.37 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The firm’s quarterly revenue was down 8.2% compared to the same quarter last year. On average, equities research analysts predict that Columbia Sportswear will post 3.84 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stifel Nicolaus raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and lifted their target price for the stock from $84.00 to $92.00 in a research note on Monday, July 8th. StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Finally, Wedbush reiterated a “neutral” rating and issued a $80.00 price objective on shares of Columbia Sportswear in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Columbia Sportswear currently has an average rating of “Hold” and a consensus target price of $77.00.

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.