Empowered Funds LLC Buys 3,419 Shares of Columbia Sportswear (NASDAQ:COLM)

Empowered Funds LLC raised its stake in Columbia Sportswear (NASDAQ:COLM) by 69.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,330 shares of the textile maker’s stock after purchasing an additional 3,419 shares during the period. Empowered Funds LLC’s holdings in Columbia Sportswear were worth $693,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of COLM. Impax Asset Management Group plc lifted its stake in shares of Columbia Sportswear by 79.2% in the third 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 period. Curi RMB Capital LLC raised its holdings in Columbia Sportswear by 1.0% in the 3rd quarter. Curi RMB Capital LLC now owns 159,710 shares of the textile maker’s stock valued at $13,286,000 after acquiring an additional 1,624 shares in the last quarter. MQS Management LLC bought a new stake in shares of Columbia Sportswear in the 3rd quarter worth approximately $499,000. Versor Investments LP acquired a new stake in shares of Columbia Sportswear during the 3rd quarter worth approximately $358,000. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Columbia Sportswear by 2.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 23,795 shares of the textile maker’s stock valued at $1,980,000 after purchasing an additional 538 shares during the period. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Columbia Sportswear Trading Up 3.1 %

COLM stock opened at $83.48 on Friday. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $87.23. The business’s 50 day moving average is $81.44 and its 200-day moving average is $81.26. The firm has a market cap of $4.77 billion, a P/E ratio of 23.06, a P/E/G ratio of 3.42 and a beta of 0.92.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. The firm had revenue of $931.80 million for 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 business’s revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.70 earnings per share. Sell-side analysts forecast that Columbia Sportswear will post 3.87 EPS for the current year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.44%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 33.15%.

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.