Columbia Sportswear (NASDAQ:COLM) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 43.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 600 shares of the textile maker’s stock after acquiring an additional 181 shares during the quarter. GAMMA Investing LLC’s holdings in Columbia Sportswear were worth $50,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in shares of Columbia Sportswear by 68.7% in the third quarter. Blue Trust Inc. now owns 705 shares of the textile maker’s stock valued at $56,000 after purchasing an additional 287 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of Columbia Sportswear in the third quarter valued at approximately $65,000. nVerses Capital LLC acquired a new stake in shares of Columbia Sportswear in the third quarter valued at approximately $75,000. Algert Global LLC acquired a new stake in shares of Columbia Sportswear in the second quarter valued at approximately $286,000. Finally, Versor Investments LP acquired a new stake in shares of Columbia Sportswear in the third quarter valued at approximately $358,000. Institutional investors and hedge funds own 47.76% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Columbia Sportswear Price Performance

Columbia Sportswear stock opened at $83.20 on Tuesday. The firm has a 50 day simple moving average of $85.59 and a 200-day simple moving average of $82.07. The stock has a market capitalization of $4.76 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 3.74 and a beta of 0.93. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $91.30.

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

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Wednesday, November 20th. 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.