FORA Capital LLC Makes New $354,000 Investment in Columbia Sportswear (NASDAQ:COLM)

FORA Capital LLC purchased a new position in Columbia Sportswear (NASDAQ:COLM) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 4,357 shares of the textile maker’s stock, valued at approximately $354,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in COLM. Venturi Wealth Management LLC boosted its position in shares of Columbia Sportswear by 76.2% during the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock valued at $36,000 after acquiring an additional 195 shares during the last quarter. TFO Wealth Partners LLC boosted its position in shares of Columbia Sportswear by 11,725.0% during the 4th quarter. TFO Wealth Partners LLC now owns 473 shares of the textile maker’s stock valued at $38,000 after acquiring an additional 469 shares during the last quarter. Quent Capital LLC boosted its position in shares of Columbia Sportswear by 79.6% during the 4th quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 273 shares during the last quarter. Planned Solutions Inc. bought a new position in shares of Columbia Sportswear during the 4th quarter valued at approximately $53,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Columbia Sportswear during the 1st quarter valued at approximately $64,000. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Stock Performance

COLM stock traded up $0.02 during midday trading on Tuesday, reaching $79.61. The company’s stock had a trading volume of 112,729 shares, compared to its average volume of 485,773. The stock has a fifty day simple moving average of $82.13 and a two-hundred day simple moving average of $80.06. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $87.23. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 3.15 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.36. Columbia Sportswear had a return on equity of 13.98% and a net margin of 7.20%. The business had revenue of $769.98 million for the quarter, compared to analyst estimates of $740.62 million. During the same quarter last year, the firm posted $0.74 earnings per share. The business’s revenue was down 6.2% compared to the same quarter last year. As a group, analysts forecast that Columbia Sportswear will post 3.86 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Wednesday, May 15th. Columbia Sportswear’s payout ratio is currently 29.27%.

Analyst Ratings Changes

Several analysts recently weighed in on COLM shares. Stifel Nicolaus upgraded Columbia Sportswear from a “hold” rating to a “buy” rating and increased their price target for the company from $84.00 to $92.00 in a report on Monday. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Monday, June 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $77.75.

Insider Activity at Columbia Sportswear

In related news, Director Sabrina Simmons sold 523 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total transaction of $42,729.10. Following the sale, the director now owns 6,483 shares of the company’s stock, valued at $529,661.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Sabrina Simmons sold 523 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total transaction of $42,729.10. Following the sale, the director now owns 6,483 shares of the company’s stock, valued at $529,661.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jim A. Swanson sold 7,199 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $77.50, for a total value of $557,922.50. Following the sale, the chief financial officer now directly owns 9,423 shares in the company, valued at approximately $730,282.50. The disclosure for this sale can be found here. 44.70% of the stock is owned by corporate insiders.

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.