GHP Investment Advisors Inc. Has $2.22 Million Holdings in Columbia Sportswear (NASDAQ:COLM)

GHP Investment Advisors Inc. lifted its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 2.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 28,080 shares of the textile maker’s stock after buying an additional 545 shares during the period. GHP Investment Advisors Inc.’s holdings in Columbia Sportswear were worth $2,221,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. increased its position in Columbia Sportswear by 116.6% in the 2nd quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock valued at $34,000 after buying an additional 225 shares in the last quarter. TFO Wealth Partners LLC raised its position in shares of Columbia Sportswear by 11,725.0% during the fourth quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock worth $38,000 after purchasing an additional 469 shares during the period. Headlands Technologies LLC raised its position in shares of Columbia Sportswear by 174.8% during the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock worth $49,000 after purchasing an additional 381 shares during the period. Northwest Investment Counselors LLC bought a new position in shares of Columbia Sportswear in the 1st quarter worth $64,000. Finally, Dnca Finance acquired a new stake in Columbia Sportswear in the 2nd quarter valued at $68,000. Institutional investors own 47.76% of the company’s stock.

Wall Street Analyst Weigh In

COLM has been the topic of several research reports. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and upped their target price for the stock from $84.00 to $92.00 in a report on Monday, July 8th. Finally, Wedbush reiterated a “neutral” rating and set a $80.00 price target on shares of Columbia Sportswear in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $77.00.

Columbia Sportswear Price Performance

COLM opened at $82.67 on Friday. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $87.23. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 3.00 and a beta of 0.92. The firm’s fifty day moving average price is $80.02 and its two-hundred day moving average price is $80.30.

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

Columbia Sportswear Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, August 15th. Columbia Sportswear’s payout ratio is 29.27%.

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.