Impact Partnership Wealth LLC Makes New $240,000 Investment in Columbia Sportswear (NASDAQ:COLM)

Impact Partnership Wealth LLC purchased a new stake in shares of Columbia Sportswear (NASDAQ:COLM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,859 shares of the textile maker’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors have also made changes to their positions in COLM. Assenagon Asset Management S.A. bought a new stake in Columbia Sportswear during the 4th quarter valued at $6,356,000. GAMMA Investing LLC raised its stake in shares of Columbia Sportswear by 43.2% during the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock valued at $50,000 after purchasing an additional 181 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Columbia Sportswear by 2.1% in the third quarter. Franklin Resources Inc. now owns 212,061 shares of the textile maker’s stock worth $16,950,000 after purchasing an additional 4,425 shares during the period. Geode Capital Management LLC grew its position in Columbia Sportswear by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker’s stock valued at $50,328,000 after buying an additional 4,727 shares in the last quarter. Finally, Petrus Trust Company LTA bought a new stake in shares of Columbia Sportswear during the 3rd quarter worth about $715,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on COLM. Stifel Nicolaus increased their price objective on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. StockNews.com raised Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen boosted their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Columbia Sportswear currently has an average rating of “Hold” and an average target price of $80.75.

Columbia Sportswear Stock Performance

Shares of NASDAQ:COLM opened at $89.35 on Friday. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 3.36 and a beta of 0.93. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $91.30. The company has a 50 day moving average price of $85.92 and a 200 day moving average price of $82.54.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. Columbia Sportswear had a return on equity of 12.48% and a net margin of 6.42%. The business had revenue of $931.80 million for the quarter, compared to analysts’ expectations of $937.17 million. During the same period in the previous year, the firm posted $1.70 EPS. The company’s quarterly revenue was down 5.5% on a year-over-year basis. On average, sell-side analysts expect that Columbia Sportswear will post 3.89 EPS for the current fiscal year.

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.