Columbia Sportswear (NASDAQ:COLM) Position Increased by GAMMA Investing LLC

GAMMA Investing LLC increased its position in Columbia Sportswear (NASDAQ:COLM) by 43.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 600 shares of the textile maker’s stock after purchasing an additional 181 shares during the period. GAMMA Investing LLC’s holdings in Columbia Sportswear were worth $50,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in Columbia Sportswear by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 212,061 shares of the textile maker’s stock worth $16,950,000 after purchasing an additional 4,425 shares during the period. Geode Capital Management LLC boosted its stake in Columbia Sportswear by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker’s stock worth $50,328,000 after purchasing an additional 4,727 shares during the period. Petrus Trust Company LTA purchased a new stake in Columbia Sportswear in the 3rd quarter worth approximately $715,000. Holocene Advisors LP lifted its position in Columbia Sportswear by 71.8% in the 3rd quarter. Holocene Advisors LP now owns 57,200 shares of the textile maker’s stock worth $4,758,000 after buying an additional 23,909 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Columbia Sportswear by 0.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 107,102 shares of the textile maker’s stock worth $8,910,000 after buying an additional 794 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Trading Up 0.8 %

Columbia Sportswear stock opened at $83.20 on Tuesday. The company has a market capitalization of $4.76 billion, a P/E ratio of 22.98, a P/E/G ratio of 3.74 and a beta of 0.93. The firm’s fifty day simple moving average is $85.59 and its 200-day simple moving average is $82.07. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $91.30.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. The business had revenue of $931.80 million for the quarter, compared to the consensus estimate 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 for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.70 EPS. On average, equities research analysts predict that Columbia Sportswear will post 3.89 earnings per share for the current year.

Columbia Sportswear Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on COLM. Stifel Nicolaus increased their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. TD Cowen increased their target price on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Finally, StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $80.75.

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.