900 Shares in Columbia Sportswear (NASDAQ:COLM) Bought by nVerses Capital LLC

nVerses Capital LLC purchased a new stake in Columbia Sportswear (NASDAQ:COLM) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 900 shares of the textile maker’s stock, valued at approximately $75,000.

Several other institutional investors and hedge funds have also bought and sold shares of COLM. Blue Trust Inc. lifted its holdings in shares of Columbia Sportswear by 116.6% during the 2nd quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock worth $34,000 after acquiring an additional 225 shares during the period. GAMMA Investing LLC lifted its stake in 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 during the last quarter. Headlands Technologies LLC boosted its holdings in shares of Columbia Sportswear by 174.8% in the 1st quarter. Headlands Technologies LLC now owns 599 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 381 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Columbia Sportswear in the 1st quarter valued at $64,000. Finally, Dnca Finance acquired a new position in shares of Columbia Sportswear during the 2nd quarter worth $68,000. Institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Price Performance

NASDAQ:COLM opened at $80.83 on Tuesday. The company has a market cap of $4.78 billion, a PE ratio of 19.71, a P/E/G ratio of 3.00 and a beta of 0.92. The firm’s 50 day simple moving average is $81.56 and its 200 day simple moving average is $80.75. Columbia Sportswear has a one year low of $66.01 and a one year high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.14. Columbia Sportswear had a return on equity of 13.01% and a net margin of 6.72%. The firm had revenue of $570.20 million for the quarter, compared to analyst estimates of $569.37 million. During the same quarter in the previous year, the company posted $0.14 EPS. The business’s revenue was down 8.2% on a year-over-year basis. Equities research analysts expect that Columbia Sportswear will post 3.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wedbush reiterated a “neutral” rating and issued a $80.00 target price on shares of Columbia Sportswear in a research report on Thursday, July 18th. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Finally, Stifel Nicolaus upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and increased their price target for the company from $84.00 to $92.00 in a research note on Monday, July 8th. One equities research 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, Columbia Sportswear currently has a consensus rating of “Hold” and an average target price of $77.00.

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.