Beddow Capital Management Inc Lowers stake in Columbia Sportswear Company (COLM)

Columbia Sportswear Company (COLM) : Beddow Capital Management Inc reduced its stake in Columbia Sportswear Company by 14.65% during the most recent quarter end. The investment management company now holds a total of 100,735 shares of Columbia Sportswear Company which is valued at $5,535,388 after selling 17,290 shares in Columbia Sportswear Company , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Columbia Sportswear Company makes up approximately 2.10% of Beddow Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Credit Suisse Ag boosted its stake in COLM in the latest quarter, The investment management firm added 8,423 additional shares and now holds a total of 29,460 shares of Columbia Sportswear Company which is valued at $1,618,827.Blackrock Group Ltd reduced its stake in COLM by selling 548 shares or 2.23% in the most recent quarter. The Hedge Fund company now holds 23,975 shares of COLM which is valued at $1,317,426.New York State Common Retirement Fund reduced its stake in COLM by selling 1,200 shares or 3.02% in the most recent quarter. The Hedge Fund company now holds 38,558 shares of COLM which is valued at $2,118,762.Pitcairn Co reduced its stake in COLM by selling 61 shares or 1.42% in the most recent quarter. The Hedge Fund company now holds 4,221 shares of COLM which is valued at $250,305. Columbia Sportswear Company makes up approx 0.03% of Pitcairn Co’s portfolio. Rockefeller Financial Services Inc sold out all of its stake in COLM during the most recent quarter. The investment firm sold 134 shares of COLM which is valued $8,096.

Columbia Sportswear Company opened for trading at $57.11 and hit $57.42 on the upside on Tuesday, eventually ending the session at $57.17, with a gain of 0.69% or 0.39 points. The heightened volatility saw the trading volume jump to 1,48,119 shares. Company has a market cap of $3,987 M.

On the company’s financial health, Columbia Sportswear Company reported $-0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.17. The company had revenue of $388.70 million for the quarter, compared to analysts expectations of $392.03 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Many Wall Street Analysts have commented on Columbia Sportswear Company. Company shares were Reiterated by FBR Capital on Jul 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 68 from a previous price target of $62 .

Columbia Sportswear Company is a hat distributor. The Company designs sources markets and distributes outdoor and active lifestyle apparel footwear accessories and equipment under the Columbia Mountain Hardwear Sorel prAna and Montrail brands. It offers products including outerwear sportswear footwear accessories and equipment for a variety of activities and consumers. Its other brands include Montrail brand OutDry brand and Pacific Trail brand. It develops and manages its merchandise in two categories: apparel accessories and equipment and footwear. Its apparel accessories and equipment are designed to use in a variety of outdoor activities such as skiing snowboarding hiking climbing mountaineering camping hunting fishing trail running water sports and adventure travel. Its footwear products include durable lightweight hiking boots trail running shoes rugged cold weather boots and casual shoes. It operates in North America Europe Japan Korea and China.

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