3,575 Shares in Columbia Sportswear (NASDAQ:COLM) Acquired by MQS Management LLC

MQS Management LLC acquired a new position in Columbia Sportswear (NASDAQ:COLM) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,575 shares of the textile maker’s stock, valued at approximately $290,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in Columbia Sportswear in the fourth quarter worth approximately $6,982,000. Charles Schwab Investment Management Inc. increased its holdings in Columbia Sportswear by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 515,735 shares of the textile maker’s stock worth $41,022,000 after purchasing an additional 18,001 shares in the last quarter. Trexquant Investment LP increased its holdings in Columbia Sportswear by 58.7% in the fourth quarter. Trexquant Investment LP now owns 39,446 shares of the textile maker’s stock worth $3,138,000 after purchasing an additional 14,588 shares in the last quarter. Duality Advisers LP increased its holdings in Columbia Sportswear by 225.2% in the first quarter. Duality Advisers LP now owns 40,244 shares of the textile maker’s stock worth $3,267,000 after purchasing an additional 27,868 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in Columbia Sportswear by 1,964.4% in the first quarter. Quantbot Technologies LP now owns 10,322 shares of the textile maker’s stock worth $838,000 after purchasing an additional 9,822 shares in the last quarter. 47.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COLM has been the subject of a number of research analyst reports. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Monday, June 3rd. Stifel Nicolaus upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and boosted their price objective for the company from $84.00 to $92.00 in a report on Monday, July 8th. Finally, Wedbush reaffirmed a “neutral” rating and set a $80.00 target price on shares of Columbia Sportswear in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $78.20.

Columbia Sportswear Stock Down 1.1 %

NASDAQ COLM traded down $0.83 on Friday, reaching $76.39. The company had a trading volume of 159,354 shares, compared to its average volume of 483,385. The stock has a market capitalization of $4.52 billion, a P/E ratio of 18.83, a P/E/G ratio of 3.23 and a beta of 0.94. The company’s fifty day moving average is $81.21 and its 200 day moving average is $80.01. Columbia Sportswear has a 52-week low of $66.01 and a 52-week high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.11. The business had revenue of $570.20 million during the quarter, compared to analyst estimates of $569.37 million. Columbia Sportswear had a return on equity of 13.98% and a net margin of 7.20%. Columbia Sportswear’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. On average, research analysts expect that Columbia Sportswear will post 3.87 EPS for the current year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.57%. Columbia Sportswear’s payout ratio is currently 29.27%.

Insider Activity at Columbia Sportswear

In related news, Director Sabrina Simmons sold 523 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total value of $42,729.10. Following the completion of the sale, the director now directly owns 6,483 shares of the company’s stock, valued at approximately $529,661.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Columbia Sportswear news, Director Sabrina Simmons sold 523 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total value of $42,729.10. Following the completion of the transaction, the director now owns 6,483 shares in the company, valued at approximately $529,661.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jim A. Swanson sold 7,199 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $77.50, for a total value of $557,922.50. Following the completion of the transaction, the chief financial officer now owns 9,423 shares of the company’s stock, valued at approximately $730,282.50. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by insiders.

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.