Leeward Investments LLC MA Makes New $12.44 Million Investment in Columbia Sportswear (NASDAQ:COLM)

Leeward Investments LLC MA purchased a new position in Columbia Sportswear (NASDAQ:COLM – Get Rating) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 137,415 shares of the textile maker’s stock, valued at approximately $12,440,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Exchange Traded Concepts LLC acquired a new stake in Columbia Sportswear during the 1st quarter worth about $31,000. Allspring Global Investments Holdings LLC acquired a new stake in Columbia Sportswear during the 4th quarter worth about $43,000. Nisa Investment Advisors LLC acquired a new stake in Columbia Sportswear during the 1st quarter worth about $195,000. M&T Bank Corp acquired a new stake in Columbia Sportswear during the 1st quarter worth about $263,000. Finally, Versor Investments LP acquired a new stake in Columbia Sportswear during the 1st quarter worth about $267,000. 48.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on COLM shares. Stifel Nicolaus cut their price objective on Columbia Sportswear from $100.00 to $81.00 in a report on Wednesday, July 20th. Robert W. Baird dropped their target price on Columbia Sportswear from $85.00 to $82.00 and set a “neutral” rating on the stock in a report on Thursday, July 28th. Citigroup dropped their target price on Columbia Sportswear from $98.00 to $80.00 in a report on Thursday, July 28th. Bank of America downgraded Columbia Sportswear from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $108.00 to $80.00 in a report on Friday, April 29th. Finally, StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Columbia Sportswear has a consensus rating of “Hold” and an average price target of $89.38.

Columbia Sportswear Stock Performance

Shares of NASDAQ COLM opened at $74.87 on Friday. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 1.76 and a beta of 0.89. The business has a 50 day simple moving average of $74.50 and a 200 day simple moving average of $83.37. Columbia Sportswear has a 52 week low of $68.29 and a 52 week high of $107.50.

Columbia Sportswear (NASDAQ:COLM – Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The textile maker reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. The business had revenue of $578.06 million during the quarter, compared to analysts’ expectations of $592.35 million. Columbia Sportswear had a return on equity of 17.87% and a net margin of 10.13%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. On average, analysts predict that Columbia Sportswear will post 5.18 EPS for the current year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Wednesday, August 17th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, August 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.60%. Columbia Sportswear’s payout ratio is 23.76%.

Columbia Sportswear Profile

(Get Rating)

Columbia Sportswear Company, together with its subsidiaries, designs, sources, 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 that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.