International Assets Investment Management LLC Takes Position in Columbia Sportswear (NASDAQ:COLM)

International Assets Investment Management LLC bought a new position in Columbia Sportswear (NASDAQ:COLM - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 92,267 shares of the textile maker's stock, valued at approximately $7,676,000. International Assets Investment Management LLC owned about 0.16% of Columbia Sportswear as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Blue Trust Inc. raised its position in Columbia Sportswear by 116.6% in the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker's stock worth $34,000 after acquiring an additional 225 shares during the period. GAMMA Investing LLC raised its holdings in shares of Columbia Sportswear by 51.3% in the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker's stock worth $35,000 after purchasing an additional 142 shares during the period. Headlands Technologies LLC lifted its stake in Columbia Sportswear by 174.8% in the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker's stock valued at $49,000 after purchasing an additional 381 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in Columbia Sportswear during the third quarter valued at $65,000. Finally, Dnca Finance purchased a new stake in Columbia Sportswear in the second quarter worth $68,000. 47.76% of the stock is owned by institutional investors.

Columbia Sportswear Trading Up 0.1 %

Shares of COLM stock traded up $0.11 during trading hours on Friday, reaching $80.58. The stock had a trading volume of 575,194 shares, compared to its average volume of 460,787. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $87.23. The firm has a market capitalization of $4.72 billion, a PE ratio of 22.33, a PEG ratio of 2.87 and a beta of 0.92. The stock's fifty day simple moving average is $81.01 and its 200 day simple moving average is $80.76.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its earnings results on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, topping the consensus estimate of $1.36 by $0.20. The business had revenue of $931.80 million during the quarter, compared to analysts' expectations of $937.17 million. Columbia Sportswear had a return on equity of 12.31% and a net margin of 6.42%. The firm's revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.70 earnings per share. As a group, equities research analysts anticipate that Columbia Sportswear will post 3.8 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.20 annualized dividend and a yield of 1.49%. Columbia Sportswear's payout ratio is presently 33.15%.

Analysts Set New Price Targets

A number of brokerages have recently commented on COLM. StockNews.com cut Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Saturday, October 5th. Wedbush reissued a "neutral" rating and issued a $80.00 price target on shares of Columbia Sportswear in a research report on Thursday, July 18th. Finally, Stifel Nicolaus raised shares of Columbia Sportswear from a "hold" rating to a "buy" rating and raised their price objective for the stock from $84.00 to $92.00 in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently 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.