Columbia Sportswear (NASDAQ:COLM) Shares Bought by Blue Trust Inc.

Blue Trust Inc. grew its stake in Columbia Sportswear (NASDAQ:COLM) by 68.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 705 shares of the textile maker’s stock after buying an additional 287 shares during the period. Blue Trust Inc.’s holdings in Columbia Sportswear were worth $56,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of COLM. nVerses Capital LLC purchased a new stake in Columbia Sportswear in the third quarter valued at $75,000. GAMMA Investing LLC increased its position in shares of Columbia Sportswear by 51.3% during the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after purchasing an additional 142 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Columbia Sportswear by 18.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 10,258 shares of the textile maker’s stock valued at $853,000 after purchasing an additional 1,600 shares during the last quarter. Paragon Capital Management Inc. purchased a new stake in shares of Columbia Sportswear in the 2nd quarter valued at about $1,890,000. Finally, Algert Global LLC acquired a new stake in shares of Columbia Sportswear in the 2nd quarter valued at about $286,000. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Trading Up 5.6 %

Shares of COLM stock opened at $80.47 on Friday. The company has a market capitalization of $4.71 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 3.00 and a beta of 0.92. The business’s 50 day moving average is $81.04 and its two-hundred day moving average is $80.76. Columbia Sportswear has a twelve month low of $71.21 and a twelve month high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results 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. The firm had revenue of $931.80 million during the quarter, compared to the consensus estimate of $937.17 million. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period last year, the company earned $1.70 earnings per share. As a group, equities analysts predict that Columbia Sportswear will post 3.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on COLM shares. Stifel Nicolaus upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and boosted their price objective for the company from $84.00 to $92.00 in a research note on Monday, July 8th. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Finally, Wedbush reissued a “neutral” rating and set a $80.00 price objective on shares of Columbia Sportswear in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $77.00.

About Columbia Sportswear

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.