Columbia Sportswear Company (NASDAQ:COLM) Shares Purchased by Headlands Technologies LLC

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 boosted its stake in shares of Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 32.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,720 shares of the textile maker's stock after buying an additional 5,359 shares during the quarter. Headlands Technologies LLC's holdings in Columbia Sportswear were worth $1,644,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in COLM. Deutsche Bank AG increased its holdings in Columbia Sportswear by 3.7% in the 4th quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker's stock valued at $328,000 after purchasing an additional 141 shares during the last quarter. Covestor Ltd boosted its position in shares of 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 buying an additional 241 shares during the period. Federated Hermes Inc. grew its stake in shares of Columbia Sportswear by 4.8% in the first quarter. Federated Hermes Inc. now owns 5,241 shares of the textile maker's stock valued at $397,000 after buying an additional 241 shares in the last quarter. Procyon Advisors LLC raised its holdings in shares of Columbia Sportswear by 8.3% in the 1st quarter. Procyon Advisors LLC now owns 3,605 shares of the textile maker's stock valued at $273,000 after buying an additional 276 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Columbia Sportswear by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 73,810 shares of the textile maker's stock valued at $5,587,000 after buying an additional 324 shares during the period. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on COLM. Barclays lowered their price objective on shares of Columbia Sportswear from $62.00 to $51.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Needham & Company LLC started coverage on Columbia Sportswear in a report on Friday, May 30th. They issued a "hold" rating for the company. Citigroup reduced their price target on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday, August 1st. UBS Group decreased their price target on shares of Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating for the company in a research note on Friday, August 1st. Finally, Stifel Nicolaus dropped their price objective on shares of Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $60.80.

Columbia Sportswear Trading Up 1.7%

NASDAQ:COLM traded up $0.82 during midday trading on Tuesday, hitting $50.24. 159,149 shares of the company were exchanged, compared to its average volume of 774,026. Columbia Sportswear Company has a fifty-two week low of $48.10 and a fifty-two week high of $92.88. The company has a market capitalization of $2.75 billion, a PE ratio of 12.84 and a beta of 1.00. The company has a fifty day simple moving average of $59.79 and a 200 day simple moving average of $69.20.

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

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid 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 payout ratio is currently 30.61%.

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.