Quantbot Technologies LP Buys New Stake in Columbia Sportswear (NASDAQ:COLM)

Quantbot Technologies LP bought a new position in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,389 shares of the textile maker's stock, valued at approximately $1,280,000.

Several other large investors have also modified their holdings of the business. Tidal Investments LLC acquired a new stake in shares of Columbia Sportswear during the 1st quarter worth about $845,000. Impax Asset Management Group plc increased its position in shares of Columbia Sportswear by 79.2% during the third quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker's stock valued at $7,530,000 after acquiring an additional 40,000 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Columbia Sportswear in the 3rd quarter valued at approximately $7,676,000. Pacer Advisors Inc. raised its stake in shares of Columbia Sportswear by 44.3% in the 2nd quarter. Pacer Advisors Inc. now owns 1,480,868 shares of the textile maker's stock valued at $117,107,000 after acquiring an additional 454,738 shares during the period. Finally, MQS Management LLC acquired a new position in shares of Columbia Sportswear in the 3rd quarter worth approximately $499,000. Institutional investors and hedge funds own 47.76% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on COLM. StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday. TD Cowen lifted their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the company a "hold" rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Columbia Sportswear currently has an average rating of "Hold" and an average price target of $78.75.

Columbia Sportswear Stock Up 0.1 %

Columbia Sportswear stock traded up $0.08 during mid-day trading on Friday, reaching $87.24. 239,049 shares of the company's stock were exchanged, compared to its average volume of 474,337. The company has a fifty day moving average of $81.87 and a 200-day moving average of $81.36. The company has a market cap of $4.99 billion, a P/E ratio of 24.10, a P/E/G ratio of 3.66 and a beta of 0.92. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $88.62.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The firm had revenue of $931.80 million during the quarter, compared to analyst estimates of $937.17 million. During the same period last year, the business posted $1.70 earnings per share. Columbia Sportswear's revenue was down 5.5% compared to the same quarter last year. Equities research analysts expect that Columbia Sportswear will post 3.89 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear's payout ratio is presently 33.15%.

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.