Thrivent Financial for Lutherans Has $91.35 Million Stock Holdings in Columbia Sportswear (NASDAQ:COLM)

Thrivent Financial for Lutherans decreased its position in Columbia Sportswear (NASDAQ:COLM) by 1.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,098,117 shares of the textile maker’s stock after selling 15,011 shares during the period. Thrivent Financial for Lutherans’ holdings in Columbia Sportswear were worth $91,352,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Columbia Sportswear by 51.3% in the third 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. Blue Trust Inc. increased its stake in Columbia Sportswear by 116.6% during the 2nd quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after purchasing an additional 225 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in Columbia Sportswear by 1.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 28,355 shares of the textile maker’s stock worth $2,359,000 after buying an additional 275 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in Columbia Sportswear by 7.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,698 shares of the textile maker’s stock worth $348,000 after buying an additional 336 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Columbia Sportswear by 1.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 24,707 shares of the textile maker’s stock valued at $2,005,000 after buying an additional 413 shares in the last quarter. Institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Stock Down 1.3 %

Shares of COLM opened at $83.61 on Monday. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $87.23. The stock has a market capitalization of $4.78 billion, a P/E ratio of 23.10, a P/E/G ratio of 3.54 and a beta of 0.92. The company has a 50 day moving average of $81.41 and a 200-day moving average of $81.24.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $937.17 million. During the same quarter in the prior year, the company posted $1.70 earnings per share. The firm’s revenue was down 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that Columbia Sportswear will post 3.86 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.20 annualized dividend and a yield of 1.44%. Columbia Sportswear’s payout ratio is presently 33.15%.

Wall Street Analysts Forecast Growth

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

About Columbia Sportswear

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.