Columbia Sportswear (NASDAQ:COLM) Shares Acquired by Curi RMB Capital LLC

Curi RMB Capital LLC raised its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 159,710 shares of the textile maker’s stock after purchasing an additional 1,624 shares during the period. Curi RMB Capital LLC owned 0.27% of Columbia Sportswear worth $13,286,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Blue Trust Inc. increased its holdings in shares of Columbia Sportswear by 116.6% during the 2nd quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after buying an additional 225 shares during the last quarter. GAMMA Investing LLC grew its position in Columbia Sportswear by 51.3% during the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 142 shares during the period. Headlands Technologies LLC increased its stake in Columbia Sportswear by 174.8% during the first quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock worth $49,000 after acquiring an additional 381 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Columbia Sportswear in the 3rd quarter worth about $65,000. Finally, Dnca Finance acquired a new position in shares of Columbia Sportswear in the 2nd quarter valued at about $68,000. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Stock Up 1.5 %

NASDAQ COLM opened at $84.59 on Thursday. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $87.23. The business has a 50 day moving average price of $81.31 and a two-hundred day moving average price of $81.17. The stock has a market cap of $4.84 billion, a PE ratio of 23.37, a P/E/G ratio of 3.53 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating 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 business had revenue of $931.80 million during the quarter, compared to the consensus estimate of $937.17 million. During the same period in the prior year, the firm earned $1.70 earnings per share. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. Sell-side analysts anticipate that Columbia Sportswear will post 3.86 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently declared 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. This represents a $1.20 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, November 20th. Columbia Sportswear’s dividend payout ratio (DPR) is 33.15%.

Wall Street Analyst Weigh In

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