Columbia Sportswear (NASDAQ:COLM) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP cut its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 69.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,672 shares of the textile maker’s stock after selling 15,278 shares during the quarter. GSA Capital Partners LLP’s holdings in Columbia Sportswear were worth $555,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of COLM. Blue Trust Inc. lifted its holdings in Columbia Sportswear by 116.6% in the second quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 225 shares during the period. GAMMA Investing LLC lifted its holdings in Columbia Sportswear by 51.3% in the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 142 shares during the period. Northwest Investment Counselors LLC acquired a new stake in Columbia Sportswear in the third quarter valued at $65,000. Dnca Finance acquired a new stake in Columbia Sportswear in the second quarter valued at $68,000. Finally, nVerses Capital LLC acquired a new stake in Columbia Sportswear in the third quarter valued at $75,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $77.00.

Columbia Sportswear Stock Down 0.4 %

NASDAQ:COLM opened at $82.13 on Wednesday. The company has a market capitalization of $4.70 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 3.54 and a beta of 0.92. The stock has a fifty day simple moving average of $81.44 and a 200-day simple moving average of $81.25. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $87.23.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Wednesday, October 30th. The textile maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. The firm had revenue of $931.80 million during the quarter, compared to analysts’ expectations of $937.17 million. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 EPS. As a group, equities analysts anticipate that Columbia Sportswear will post 3.86 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Wednesday, November 20th. Columbia Sportswear’s dividend payout ratio is presently 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.