Columbia Sportswear (NASDAQ:COLM) Shares Bought by Paragon Capital Management Inc.

Paragon Capital Management Inc. grew its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,350 shares of the textile maker’s stock after buying an additional 348 shares during the period. Columbia Sportswear accounts for about 1.6% of Paragon Capital Management Inc.’s investment portfolio, making the stock its 14th biggest holding. Paragon Capital Management Inc.’s holdings in Columbia Sportswear were worth $2,044,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COLM. Sei Investments Co. grew its position in Columbia Sportswear by 15.4% in the second quarter. Sei Investments Co. now owns 7,654 shares of the textile maker’s stock worth $605,000 after buying an additional 1,024 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Columbia Sportswear in the 2nd quarter valued at $286,000. Handelsbanken Fonder AB lifted its position in Columbia Sportswear by 18.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 10,258 shares of the textile maker’s stock worth $853,000 after acquiring an additional 1,600 shares during the last quarter. GAMMA Investing LLC lifted its position in Columbia Sportswear by 51.3% during the 3rd quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock worth $35,000 after acquiring an additional 142 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Columbia Sportswear during the third quarter valued at about $75,000. Institutional investors own 47.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on COLM shares. StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. TD Cowen increased their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. Finally, Stifel Nicolaus increased their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th.

Columbia Sportswear Stock Performance

NASDAQ COLM opened at $85.86 on Wednesday. The firm has a 50-day moving average of $86.58 and a 200-day moving average of $83.07. The stock has a market cap of $4.91 billion, a PE ratio of 23.72, a P/E/G ratio of 3.32 and a beta of 0.93. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $91.30.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. As a group, analysts predict that Columbia Sportswear will post 3.96 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.40%. Columbia Sportswear’s payout ratio is 33.15%.

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.