Norges Bank Invests $25.71 Million in Columbia Sportswear (NASDAQ:COLM)

Norges Bank purchased a new stake in Columbia Sportswear (NASDAQ:COLM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 306,323 shares of the textile maker's stock, valued at approximately $25,710,000. Norges Bank owned 0.54% of Columbia Sportswear as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in Columbia Sportswear by 184.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock valued at $25,000 after buying an additional 194 shares during the last quarter. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 181 shares during the period. Signaturefd LLC grew its position in shares of Columbia Sportswear by 18.4% in the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock valued at $77,000 after purchasing an additional 142 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Columbia Sportswear by 33.6% in the fourth quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock worth $78,000 after purchasing an additional 237 shares during the period. Finally, KBC Group NV lifted its position in shares of Columbia Sportswear by 26.8% during the 4th quarter. KBC Group NV now owns 1,975 shares of the textile maker's stock worth $166,000 after purchasing an additional 418 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Columbia Sportswear news, EVP Richelle T. Luther sold 4,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the completion of the transaction, the executive vice president now directly owns 14,283 shares in the company, valued at $1,319,177.88. This represents a 21.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ronald E. Nelson sold 6,395 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction of $522,727.30. Following the completion of the sale, the director now owns 17,048 shares in the company, valued at $1,393,503.52. This represents a 27.28 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on COLM. Stifel Nicolaus lowered their target price on Columbia Sportswear from $100.00 to $91.00 and set a "buy" rating on the stock in a report on Thursday. Citigroup reissued a "neutral" rating and issued a $68.00 price objective (down from $80.00) on shares of Columbia Sportswear in a research report on Monday. Finally, StockNews.com lowered shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $80.75.

Columbia Sportswear Stock Down 0.0 %

Columbia Sportswear stock traded down $0.03 during trading hours on Friday, hitting $65.62. The stock had a trading volume of 730,046 shares, compared to its average volume of 547,026. The company has a 50-day moving average of $79.45 and a two-hundred day moving average of $82.55. Columbia Sportswear has a fifty-two week low of $59.07 and a fifty-two week high of $92.88. The company has a market cap of $3.63 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 2.54 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. As a group, analysts forecast that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Monday, March 10th. Columbia Sportswear's payout ratio is 31.01%.

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.