GSA Capital Partners LLP Has $555,000 Stake in Columbia Sportswear (NASDAQ:COLM)

GSA Capital Partners LLP reduced its stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 69.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,672 shares of the textile maker's stock after selling 15,278 shares during the period. GSA Capital Partners LLP's holdings in Columbia Sportswear were worth $555,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Pacer Advisors Inc. boosted its holdings 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 purchasing an additional 454,738 shares during the last quarter. American Century Companies Inc. increased its stake in Columbia Sportswear by 153.3% during the 2nd quarter. American Century Companies Inc. now owns 616,110 shares of the textile maker's stock worth $48,722,000 after buying an additional 372,886 shares during the period. AQR Capital Management LLC increased its position in shares of Columbia Sportswear by 149.0% in the 2nd quarter. AQR Capital Management LLC now owns 195,933 shares of the textile maker's stock worth $15,463,000 after purchasing an additional 117,260 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Columbia Sportswear in the 3rd quarter worth about $7,676,000. Finally, Marshall Wace LLP boosted its holdings in shares of Columbia Sportswear by 1,574.3% in the 2nd quarter. Marshall Wace LLP now owns 80,383 shares of the textile maker's stock valued at $6,357,000 after buying an additional 75,582 shares during the period. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Columbia Sportswear Trading Down 2.1 %

Shares of Columbia Sportswear stock traded down $1.72 during mid-day trading on Wednesday, reaching $80.10. 345,762 shares of the stock were exchanged, compared to its average volume of 464,155. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $87.23. The firm has a 50-day simple moving average of $81.43 and a 200 day simple moving average of $81.24. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 3.54 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.20. The business had revenue of $931.80 million for the quarter, compared to analyst estimates of $937.17 million. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. Columbia Sportswear's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.70 EPS. On average, research analysts predict that Columbia Sportswear will post 3.86 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. Columbia Sportswear's dividend payout ratio is presently 33.15%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Columbia Sportswear from a "hold" rating to a "buy" rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $77.00.

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.