Impact Partnership Wealth LLC Acquires Shares of 2,859 Columbia Sportswear (NASDAQ:COLM)

Impact Partnership Wealth LLC bought a new position in shares of Columbia Sportswear (NASDAQ:COLM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,859 shares of the textile maker’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Impax Asset Management Group plc lifted its holdings in 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 buying an additional 40,000 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Columbia Sportswear in the third quarter valued at about $7,676,000. Assenagon Asset Management S.A. acquired a new stake in Columbia Sportswear during the 4th quarter valued at approximately $6,356,000. MQS Management LLC purchased a new stake in Columbia Sportswear during the 3rd quarter worth approximately $499,000. Finally, Crossmark Global Holdings Inc. raised its position 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 valued at $3,034,000 after purchasing an additional 19,413 shares in the last quarter. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Sportswear Price Performance

COLM stock opened at $89.35 on Friday. The firm has a fifty day moving average price of $85.92 and a two-hundred day moving average price of $82.54. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $91.30. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 3.36 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM) 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. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The firm had revenue of $931.80 million for the quarter, compared to analyst estimates of $937.17 million. During the same quarter in the prior year, the business earned $1.70 earnings per share. Columbia Sportswear’s quarterly revenue was down 5.5% on a year-over-year basis. As a group, analysts expect that Columbia Sportswear will post 3.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on COLM shares. Stifel Nicolaus lifted their price target on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. TD Cowen boosted their target price on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Finally, StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Columbia Sportswear presently has a consensus rating of “Hold” and an average target price of $80.75.

Columbia Sportswear Company 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.