Mirae Asset Global Investments Co. Ltd. Has $53,000 Position in Columbia Sportswear (NASDAQ:COLM)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 19.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 616 shares of the textile maker’s stock after selling 152 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Columbia Sportswear were worth $53,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Impact Partnership Wealth LLC acquired a new position in Columbia Sportswear during the fourth quarter valued at approximately $240,000. Assenagon Asset Management S.A. bought a new stake in shares of Columbia Sportswear during the 4th quarter worth approximately $6,356,000. Impax Asset Management Group plc boosted its holdings in shares of Columbia Sportswear by 79.2% in the 3rd quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker’s stock valued at $7,530,000 after buying an additional 40,000 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Columbia Sportswear in the third quarter valued at $7,676,000. Finally, MQS Management LLC acquired a new position in Columbia Sportswear during the third quarter worth $499,000. Institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Price Performance

COLM stock opened at $84.58 on Friday. Columbia Sportswear has a one year low of $73.04 and a one year high of $91.30. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 3.16 and a beta of 0.93. The company has a fifty day moving average price of $85.38 and a two-hundred day moving average price of $83.13.

Columbia Sportswear (NASDAQ:COLM) last announced 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 6.63% and a return on equity of 12.23%. Research analysts anticipate that Columbia Sportswear will post 4.12 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.30 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.20 annualized dividend and a yield of 1.42%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 31.01%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on COLM. Stifel Nicolaus increased their price target 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 shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, TD Cowen boosted their price target on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th.

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.