Cairn Investment Group Inc. Has $3.75 Million Stock Holdings in Columbia Sportswear (NASDAQ:COLM)

Cairn Investment Group Inc. grew its position in Columbia Sportswear (NASDAQ:COLM) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,685 shares of the textile maker’s stock after purchasing an additional 145 shares during the period. Columbia Sportswear comprises about 2.2% of Cairn Investment Group Inc.’s portfolio, making the stock its 18th largest position. Cairn Investment Group Inc.’s holdings in Columbia Sportswear were worth $3,750,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its holdings in Columbia Sportswear by 1.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 32,691 shares of the textile maker’s stock worth $2,744,000 after purchasing an additional 404 shares during the period. KBC Group NV increased its position in shares of Columbia Sportswear by 26.8% during the fourth quarter. KBC Group NV now owns 1,975 shares of the textile maker’s stock worth $166,000 after acquiring an additional 418 shares in the last quarter. Blue Trust Inc. increased its position in shares of Columbia Sportswear by 33.6% during the fourth quarter. Blue Trust Inc. now owns 942 shares of the textile maker’s stock worth $78,000 after acquiring an additional 237 shares in the last quarter. Impact Partnership Wealth LLC bought a new stake in shares of Columbia Sportswear during the fourth quarter worth $240,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Columbia Sportswear during the fourth quarter worth $6,356,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective 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. StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen increased their price objective 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Columbia Sportswear currently has a consensus rating of “Hold” and a consensus target price of $80.75.

Columbia Sportswear Trading Down 1.3 %

Columbia Sportswear stock opened at $88.51 on Thursday. The company has a market cap of $5.06 billion, a P/E ratio of 24.45, a price-to-earnings-growth ratio of 3.36 and a beta of 0.93. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $91.30. The company has a fifty day simple moving average of $86.38 and a 200 day simple moving average of $82.80.

Columbia Sportswear (NASDAQ:COLM) last released its 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 during 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%. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.70 earnings per share. On average, equities research analysts forecast that Columbia Sportswear will post 3.89 EPS for the current year.

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.