Paragon Capital Management Inc. Raises Holdings in Columbia Sportswear (NASDAQ:COLM)

Paragon Capital Management Inc. grew its position in Columbia Sportswear (NASDAQ:COLM) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,350 shares of the textile maker’s stock after buying an additional 348 shares during the quarter. Columbia Sportswear accounts for 1.6% of Paragon Capital Management Inc.’s holdings, making the stock its 14th largest 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 large investors have also recently made changes to their positions in COLM. Sei Investments Co. increased its holdings in shares of Columbia Sportswear by 15.4% in the second quarter. Sei Investments Co. now owns 7,654 shares of the textile maker’s stock valued at $605,000 after purchasing an additional 1,024 shares during the period. Algert Global LLC acquired a new position in shares of Columbia Sportswear during the second quarter valued at approximately $286,000. Handelsbanken Fonder AB increased its holdings in shares of Columbia Sportswear by 18.5% in the third quarter. Handelsbanken Fonder AB now owns 10,258 shares of the textile maker’s stock valued at $853,000 after purchasing an additional 1,600 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Columbia Sportswear by 51.3% in the third quarter. GAMMA Investing LLC now owns 419 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 142 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Columbia Sportswear in the third quarter valued at approximately $75,000. 47.76% of the stock is owned by institutional investors.

Columbia Sportswear Price Performance

Shares of NASDAQ:COLM opened at $85.86 on Wednesday. The business’s 50 day simple moving average is $86.58 and its 200-day simple moving average is $83.07. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 3.32 and a beta of 0.93. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $91.30.

Columbia Sportswear (NASDAQ:COLM) last issued its earnings results 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%. On average, equities analysts anticipate that Columbia Sportswear will post 3.96 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.40%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 33.15%.

Wall Street Analysts Forecast Growth

COLM has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen lifted their price target on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th.

About Columbia Sportswear

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.