Leeward Investments LLC MA Has $8.97 Million Stock Holdings in Columbia Sportswear (NASDAQ:COLM)

Leeward Investments LLC MA lowered its position in Columbia Sportswear (NASDAQ:COLM) by 20.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 107,785 shares of the textile maker’s stock after selling 27,926 shares during the period. Leeward Investments LLC MA’s holdings in Columbia Sportswear were worth $8,967,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Columbia Sportswear by 51.3% in the 3rd 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 period. Blue Trust Inc. increased its stake in shares of 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 acquiring an additional 225 shares in the last quarter. GHP Investment Advisors Inc. increased its stake in shares of Columbia Sportswear by 1.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 28,355 shares of the textile maker’s stock valued at $2,359,000 after acquiring an additional 275 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Columbia Sportswear by 7.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,698 shares of the textile maker’s stock valued at $348,000 after acquiring an additional 336 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in shares of Columbia Sportswear by 2.6% in the 1st quarter. Inspire Investing LLC now owns 14,076 shares of the textile maker’s stock valued at $1,143,000 after acquiring an additional 361 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Trading Up 1.6 %

Shares of COLM stock opened at $85.12 on Friday. The firm has a market capitalization of $4.98 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 3.46 and a beta of 0.92. The firm has a fifty day simple moving average of $81.08 and a two-hundred day simple moving average of $81.02. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $87.23.

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

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Wednesday, November 20th. Columbia Sportswear’s dividend payout ratio is 33.15%.

Analyst Ratings Changes

Several research firms have recently weighed in on COLM. Wedbush reiterated a “neutral” rating and issued a $80.00 price objective on shares of Columbia Sportswear in a research note on Thursday, July 18th. StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.