Columbia Sportswear (NASDAQ:COLM) Shares Acquired by Impax Asset Management Group plc

Impax Asset Management Group plc boosted its stake in Columbia Sportswear (NASDAQ:COLM) by 79.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,515 shares of the textile maker’s stock after buying an additional 40,000 shares during the period. Impax Asset Management Group plc owned 0.15% of Columbia Sportswear worth $7,530,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its position in Columbia Sportswear by 116.6% in the 2nd quarter. Blue Trust Inc. now owns 418 shares of the textile maker’s stock valued at $34,000 after buying an additional 225 shares in the last quarter. GAMMA Investing LLC grew its position in Columbia Sportswear by 51.3% in the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after buying an additional 142 shares in the last quarter. Headlands Technologies LLC grew its position in 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 buying an additional 381 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in Columbia Sportswear in the 3rd quarter valued at about $65,000. Finally, Dnca Finance bought a new position in Columbia Sportswear in the 2nd quarter valued at about $68,000. Institutional investors own 47.76% of the company’s stock.

Wall Street Analyst Weigh In

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

Columbia Sportswear Trading Down 1.3 %

NASDAQ:COLM opened at $83.61 on Friday. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $87.23. The company has a 50-day moving average of $81.41 and a 200-day moving average of $81.23. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 3.58 and a beta of 0.92.

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

Columbia Sportswear Dividend Announcement

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

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.