GAMMA Investing LLC Raises Stake in Columbia Sportswear (NASDAQ:COLM)

GAMMA Investing LLC lifted its stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 8,642.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,453 shares of the textile maker's stock after buying an additional 51,853 shares during the quarter. GAMMA Investing LLC owned about 0.09% of Columbia Sportswear worth $3,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in shares of Columbia Sportswear by 184.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock worth $25,000 after acquiring an additional 194 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Columbia Sportswear in the 4th quarter worth about $76,000. Signaturefd LLC increased its stake in shares of Columbia Sportswear by 18.4% in the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock worth $77,000 after acquiring an additional 142 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in Columbia Sportswear during the 4th quarter valued at about $139,000. Finally, Covestor Ltd boosted its stake in Columbia Sportswear by 13.0% during the fourth quarter. Covestor Ltd now owns 2,101 shares of the textile maker's stock worth $177,000 after acquiring an additional 241 shares in the last quarter. 47.76% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Stephen E. Babson sold 2,776 shares of Columbia Sportswear stock in a transaction on Friday, May 9th. The stock was sold at an average price of $65.94, for a total transaction of $183,049.44. Following the transaction, the director now directly owns 128,309 shares in the company, valued at approximately $8,460,695.46. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 48.30% of the company's stock.

Columbia Sportswear Trading Down 0.9%

COLM stock traded down $0.59 during trading on Thursday, reaching $62.39. The stock had a trading volume of 56,503 shares, compared to its average volume of 601,666. The firm has a market cap of $3.44 billion, a PE ratio of 16.12, a PEG ratio of 2.54 and a beta of 1.00. The stock's 50 day moving average is $64.55 and its two-hundred day moving average is $77.44. Columbia Sportswear has a 52 week low of $58.44 and a 52 week high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The textile maker reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. The firm had revenue of $778.45 million for the quarter, compared to analysts' expectations of $763.50 million. Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. The business's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 EPS. On average, research analysts anticipate that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Thursday, May 22nd. Columbia Sportswear's dividend payout ratio is presently 30.69%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on COLM shares. Stifel Nicolaus cut their price target on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Needham & Company LLC started coverage on Columbia Sportswear in a research report on Friday, May 30th. They issued a "hold" rating on the stock. Citigroup reissued a "neutral" rating and issued a $68.00 target price (down previously from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. Barclays decreased their target price on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Finally, UBS Group raised their price target on shares of Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Columbia Sportswear has a consensus rating of "Hold" and an average target price of $70.00.

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.