Headlands Technologies LLC Boosts Stock Position in Columbia Sportswear Company (NASDAQ:COLM)

Key Points

• Headlands Technologies LLC increased its stake in Columbia Sportswear Company by 32.8%, acquiring an additional 5,359 shares and bringing its total holdings to 21,720 shares, valued at approximately $1.64 million.
• Columbia Sportswear's recent earnings report showed a net margin of 6.59% with revenue of $605.25 million, surpassing analyst expectations, and the company is projected to post 4.1 EPS for the current year.
• The company declared a quarterly dividend of $0.30, which represents an annualized yield of 2.4%, with a payout ratio currently at 30.61%.

Headlands Technologies LLC grew its position in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 32.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 21,720 shares of the textile maker's stock after acquiring an additional 5,359 shares during the quarter. Headlands Technologies LLC's holdings in Columbia Sportswear were worth $1,644,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COLM. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Columbia Sportswear in the first quarter worth $38,000. Whipplewood Advisors LLC lifted its position in Columbia Sportswear by 12,400.0% in the first quarter. Whipplewood Advisors LLC now owns 625 shares of the textile maker's stock worth $47,000 after buying an additional 620 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Columbia Sportswear in the fourth quarter worth $76,000. Kapitalo Investimentos Ltda bought a new stake in Columbia Sportswear in the fourth quarter worth $139,000. Finally, Covestor Ltd lifted its position in Columbia Sportswear by 13.0% in the fourth quarter. Covestor Ltd now owns 2,101 shares of the textile maker's stock worth $177,000 after buying an additional 241 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on COLM shares. UBS Group lowered their price target on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating for the company in a research report on Friday, August 1st. Citigroup reduced their target price on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, August 1st. Needham & Company LLC started coverage on Columbia Sportswear in a research note on Friday, May 30th. They issued a "hold" rating on the stock. Cfra Research upgraded Columbia Sportswear to a "hold" rating in a research note on Monday, August 4th. Finally, Barclays reduced their target price on Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $60.80.

Columbia Sportswear Trading Down 0.5%

Shares of Columbia Sportswear stock traded down $0.27 during trading on Friday, hitting $50.70. 677,664 shares of the stock traded hands, compared to its average volume of 703,055. The firm has a market cap of $2.80 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00. Columbia Sportswear Company has a 52-week low of $48.10 and a 52-week high of $92.88. The stock's fifty day simple moving average is $60.02 and its 200 day simple moving average is $69.62.

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

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, August 21st. This represents a $1.20 annualized dividend and a dividend yield of 2.4%. Columbia Sportswear's dividend payout ratio (DPR) is currently 30.61%.

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.