Columbia Sportswear (NASDAQ:COLM) Holdings Increased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its stake in Columbia Sportswear (NASDAQ:COLM) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,795 shares of the textile maker’s stock after acquiring an additional 538 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Columbia Sportswear were worth $1,980,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Columbia Sportswear by 116.6% during the second 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. GAMMA Investing LLC lifted its holdings in Columbia Sportswear by 51.3% in the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 142 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Columbia Sportswear in the 3rd quarter worth approximately $65,000. Dnca Finance bought a new stake in shares of Columbia Sportswear in the 2nd quarter worth approximately $68,000. Finally, nVerses Capital LLC acquired a new stake in Columbia Sportswear during the third quarter valued at approximately $75,000. Institutional investors own 47.76% of the company’s stock.

Analyst Upgrades and Downgrades

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

Columbia Sportswear Stock Performance

COLM stock opened at $83.61 on Friday. The stock has a market cap of $4.78 billion, a P/E ratio of 23.10, a P/E/G ratio of 3.58 and a beta of 0.92. The firm has a 50 day simple moving average of $81.41 and a 200 day simple moving average of $81.24. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.36 by $0.20. The business had revenue of $931.80 million for the quarter, compared to analysts’ expectations of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. Columbia Sportswear’s revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 EPS. Sell-side analysts predict that Columbia Sportswear will post 3.86 EPS for the current year.

Columbia Sportswear Dividend Announcement

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

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.