Columbia Sportswear (NASDAQ:COLM) Shares Bought by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC raised its stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 46.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,188 shares of the textile maker's stock after acquiring an additional 12,400 shares during the period. Abacus FCF Advisors LLC owned approximately 0.07% of Columbia Sportswear worth $3,289,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Boston Trust Walden Corp boosted its holdings in shares of Columbia Sportswear by 0.3% in the fourth quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker's stock valued at $107,778,000 after acquiring an additional 3,214 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Columbia Sportswear by 10.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker's stock valued at $101,355,000 after purchasing an additional 109,488 shares in the last quarter. American Century Companies Inc. increased its position in Columbia Sportswear by 18.0% during the 4th quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker's stock worth $74,255,000 after purchasing an additional 134,813 shares during the period. Geode Capital Management LLC raised its stake in shares of Columbia Sportswear by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker's stock worth $50,328,000 after buying an additional 4,727 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Columbia Sportswear by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker's stock worth $47,372,000 after buying an additional 13,800 shares in the last quarter. 47.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Citigroup reaffirmed a "neutral" rating and set a $68.00 price objective (down previously from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. Stifel Nicolaus lowered their price target on shares of Columbia Sportswear from $100.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, StockNews.com cut shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Columbia Sportswear has an average rating of "Hold" and an average target price of $80.75.

Columbia Sportswear Price Performance

COLM traded down $0.03 during trading on Friday, reaching $65.62. 730,046 shares of the stock were exchanged, compared to its average volume of 547,253. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 2.54 and a beta of 0.91. Columbia Sportswear has a 1 year low of $59.07 and a 1 year high of $92.88. The business's 50 day moving average price is $79.05 and its two-hundred day moving average price is $82.45.

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

Columbia Sportswear Dividend Announcement

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

Insider Transactions at Columbia Sportswear

In other news, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total transaction of $369,440.00. Following the completion of the sale, the executive vice president now directly owns 14,283 shares in the company, valued at $1,319,177.88. The trade was a 21.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ronald E. Nelson sold 6,395 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 17,048 shares in the company, valued at $1,393,503.52. The trade was a 27.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 44.70% of the company's stock.

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.