Blue Trust Inc. Has $78,000 Stock Position in Columbia Sportswear (NASDAQ:COLM)

Blue Trust Inc. grew its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 33.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 942 shares of the textile maker’s stock after acquiring an additional 237 shares during the period. Blue Trust Inc.’s holdings in Columbia Sportswear were worth $78,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of COLM. GAMMA Investing LLC raised its holdings in shares of Columbia Sportswear by 51.3% during the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 142 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Columbia Sportswear during the 3rd quarter worth about $65,000. nVerses Capital LLC bought a new stake in shares of Columbia Sportswear during the third quarter valued at approximately $75,000. Impact Partnership Wealth LLC acquired a new position in shares of Columbia Sportswear in the 4th quarter valued at $240,000. Finally, Versor Investments LP bought a new position in Columbia Sportswear during the third quarter worth about $358,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on COLM shares. Stifel Nicolaus boosted their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, TD Cowen raised their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th.

Columbia Sportswear Price Performance

NASDAQ:COLM opened at $79.27 on Friday. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $91.30. The business’s 50-day simple moving average is $86.31 and its 200-day simple moving average is $83.03. The stock has a market capitalization of $4.53 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 3.32 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Tuesday, February 4th. The textile maker reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. On average, research analysts expect that Columbia Sportswear will post 3.96 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Monday, March 10th. Columbia Sportswear’s dividend payout ratio is currently 33.15%.

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.