MQS Management LLC Buys New Shares in Columbia Sportswear (NASDAQ:COLM)

MQS Management LLC acquired a new position in Columbia Sportswear (NASDAQ:COLM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,002 shares of the textile maker’s stock, valued at approximately $499,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Columbia Sportswear in the first quarter worth $970,000. SG Americas Securities LLC increased its holdings in shares of Columbia Sportswear by 617.8% during the first quarter. SG Americas Securities LLC now owns 22,116 shares of the textile maker’s stock valued at $1,795,000 after acquiring an additional 19,035 shares in the last quarter. Headlands Technologies LLC raised its position in shares of Columbia Sportswear by 174.8% during the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock worth $49,000 after purchasing an additional 381 shares during the period. Entropy Technologies LP acquired a new stake in Columbia Sportswear in the 1st quarter valued at $604,000. Finally, SageView Advisory Group LLC bought a new stake in Columbia Sportswear during the 1st quarter valued at $299,000. 47.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COLM has been the subject of a number of analyst reports. StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Wedbush restated a “neutral” rating and issued a $80.00 target price on shares of Columbia Sportswear in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Columbia Sportswear presently has an average rating of “Hold” and a consensus target price of $77.00.

Columbia Sportswear Stock Up 1.5 %

Shares of NASDAQ COLM opened at $84.59 on Thursday. The company has a market capitalization of $4.84 billion, a PE ratio of 23.37, a PEG ratio of 3.53 and a beta of 0.92. The stock’s 50 day moving average price is $81.31 and its 200-day moving average price is $81.17. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $87.23.

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

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.42%. Columbia Sportswear’s payout ratio is currently 33.15%.

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.