nVerses Capital LLC Takes $75,000 Position in Columbia Sportswear (NASDAQ:COLM)

nVerses Capital LLC bought a new stake in Columbia Sportswear (NASDAQ:COLM) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 900 shares of the textile maker’s stock, valued at approximately $75,000.

A number of other institutional investors and hedge funds also recently modified their holdings of COLM. Blue Trust Inc. increased its stake in shares of Columbia Sportswear by 116.6% during the 2nd quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after purchasing an additional 225 shares during the last quarter. GAMMA Investing LLC grew its holdings in Columbia Sportswear by 51.3% during the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 142 shares during the period. Headlands Technologies LLC increased its position in Columbia Sportswear by 174.8% in the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock worth $49,000 after buying an additional 381 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Columbia Sportswear in the first quarter valued at $64,000. Finally, Dnca Finance purchased a new position in shares of Columbia Sportswear during the 2nd quarter valued at $68,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on COLM shares. Stifel Nicolaus raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating and upped their price objective for the company from $84.00 to $92.00 in a report on Monday, July 8th. Wedbush reissued a “neutral” rating and set a $80.00 price objective on shares of Columbia Sportswear in a report on Thursday, July 18th. Finally, StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $77.00.

Columbia Sportswear Stock Down 4.2 %

Shares of NASDAQ COLM opened at $80.83 on Tuesday. The stock’s 50-day simple moving average is $81.56 and its two-hundred day simple moving average is $80.75. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $87.23. The firm has a market capitalization of $4.78 billion, a P/E ratio of 19.71, a P/E/G ratio of 3.00 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Thursday, July 25th. The textile maker reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.14. Columbia Sportswear had a net margin of 6.72% and a return on equity of 13.01%. The business had revenue of $570.20 million for the quarter, compared to the consensus estimate of $569.37 million. During the same period last year, the firm posted $0.14 earnings per share. Columbia Sportswear’s quarterly revenue was down 8.2% on a year-over-year basis. As a group, research analysts anticipate that Columbia Sportswear will post 3.84 EPS for the current fiscal year.

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.