15,384 Shares in Columbia Sportswear Company (NASDAQ:COLM) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new stake in Columbia Sportswear Company (NASDAQ:COLM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,384 shares of the textile maker's stock, valued at approximately $1,164,000.

Several other hedge funds have also recently added to or reduced their stakes in COLM. Deutsche Bank AG raised its stake in Columbia Sportswear by 3.7% in the fourth quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker's stock worth $328,000 after buying an additional 141 shares in the last quarter. Covestor Ltd increased its position in Columbia Sportswear by 13.0% during the 4th quarter. Covestor Ltd now owns 2,101 shares of the textile maker's stock valued at $177,000 after buying an additional 241 shares in the last quarter. Federated Hermes Inc. raised its holdings in Columbia Sportswear by 4.8% in the first quarter. Federated Hermes Inc. now owns 5,241 shares of the textile maker's stock worth $397,000 after buying an additional 241 shares during the last quarter. Procyon Advisors LLC boosted its stake in Columbia Sportswear by 8.3% during the 1st quarter. Procyon Advisors LLC now owns 3,605 shares of the textile maker's stock valued at $273,000 after purchasing an additional 276 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Columbia Sportswear by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 73,810 shares of the textile maker's stock valued at $5,587,000 after acquiring an additional 324 shares during the period. Institutional investors own 47.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Barclays dropped their price objective on shares of Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating on the stock in a report on Friday. Needham & Company LLC started coverage on shares of Columbia Sportswear in a research note on Friday, May 30th. They issued a "hold" rating for the company. Stifel Nicolaus lowered their price objective on Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating on the stock in a research report on Friday. UBS Group cut their target price on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating for the company in a research report on Friday. Finally, Citigroup lowered their price target on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $60.80.

Columbia Sportswear Stock Up 2.3%

Shares of Columbia Sportswear stock traded up $1.13 on Monday, reaching $50.43. 357,207 shares of the stock were exchanged, compared to its average volume of 775,636. Columbia Sportswear Company has a twelve month low of $48.10 and a twelve month high of $92.88. The business has a 50 day moving average price of $61.35 and a two-hundred day moving average price of $70.70. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 3.33 and a beta of 1.00.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its earnings results on Thursday, July 31st. The textile maker reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.09. Columbia Sportswear had a net margin of 6.59% and a return on equity of 12.97%. The firm had revenue of $605.25 million during the quarter, compared to analyst estimates of $587.97 million. During the same period in the previous year, the firm earned ($0.20) EPS. The business's quarterly revenue was up 6.1% on a year-over-year basis. Research analysts forecast that Columbia Sportswear Company will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be issued a $0.30 dividend. The ex-dividend date is Thursday, August 21st. This represents a $1.20 dividend on an annualized basis and a yield of 2.4%. Columbia Sportswear's dividend payout ratio is presently 30.61%.

Insider Buying and Selling

In other news, Director Stephen E. Babson sold 2,776 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $65.94, for a total transaction of $183,049.44. Following the transaction, the director owned 128,309 shares of the company's stock, valued at approximately $8,460,695.46. The trade was a 2.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 48.30% of the company's stock.

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.