MQS Management LLC Takes Position in Columbia Sportswear (NASDAQ:COLM)

MQS Management LLC acquired a new position in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,002 shares of the textile maker's stock, valued at approximately $499,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in COLM. Versor Investments LP acquired a new stake in shares of Columbia Sportswear in the 3rd quarter worth about $358,000. State of New Jersey Common Pension Fund D raised its holdings in shares of Columbia Sportswear by 2.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 23,795 shares of the textile maker's stock worth $1,980,000 after acquiring an additional 538 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Columbia Sportswear by 113.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 36,481 shares of the textile maker's stock worth $3,034,000 after acquiring an additional 19,413 shares during the last quarter. Impax Asset Management Group plc raised its holdings in shares of Columbia Sportswear by 79.2% in the 3rd quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker's stock worth $7,530,000 after acquiring an additional 40,000 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Columbia Sportswear by 1.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 32,287 shares of the textile maker's stock worth $2,686,000 after acquiring an additional 506 shares during the last quarter. Institutional investors own 47.76% of the company's stock.

Columbia Sportswear Trading Up 0.1 %

Shares of COLM stock traded up $0.10 during trading hours on Thursday, hitting $84.69. 360,602 shares of the company were exchanged, compared to its average volume of 465,122. The firm has a fifty day simple moving average of $81.31 and a 200 day simple moving average of $81.17. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 3.53 and a beta of 0.92. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $87.23.

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

Columbia Sportswear Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on COLM. StockNews.com upgraded shares of Columbia Sportswear from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. Wedbush reiterated a "neutral" rating and issued a $80.00 price objective on shares of Columbia Sportswear in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.