AGF Management Ltd. Has $2.50 Million Stock Position in Columbia Sportswear (NASDAQ:COLM)

AGF Management Ltd. reduced its stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 21.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,762 shares of the textile maker's stock after selling 7,912 shares during the quarter. AGF Management Ltd. owned 0.05% of Columbia Sportswear worth $2,498,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of COLM. Amundi raised its holdings in Columbia Sportswear by 40.7% in the 4th quarter. Amundi now owns 2,746 shares of the textile maker's stock valued at $227,000 after acquiring an additional 794 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Columbia Sportswear during the fourth quarter valued at approximately $1,904,000. Proficio Capital Partners LLC acquired a new position in shares of Columbia Sportswear in the fourth quarter valued at $1,472,000. Victory Capital Management Inc. lifted its position in Columbia Sportswear by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 15,318 shares of the textile maker's stock worth $1,286,000 after purchasing an additional 365 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Columbia Sportswear by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker's stock worth $47,372,000 after purchasing an additional 13,800 shares during the period. 47.76% of the stock is owned by institutional investors.

Columbia Sportswear Stock Up 1.4 %

Columbia Sportswear stock traded up $1.12 during mid-day trading on Monday, hitting $79.54. 844,790 shares of the company were exchanged, compared to its average volume of 729,406. The company has a market capitalization of $4.40 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90. The business has a fifty day moving average of $84.87 and a 200 day moving average of $83.88. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $92.88.

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Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted 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 12.23% and a net margin of 6.63%. Research analysts expect that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Monday, March 10th. Columbia Sportswear's payout ratio is 31.01%.

Wall Street Analysts Forecast Growth

COLM has been the topic of several analyst reports. TD Cowen boosted their price target 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. Stifel Nicolaus upped their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Finally, StockNews.com cut shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th.

Insider Activity

In related news, Director Ronald E. Nelson sold 6,395 shares of the company's stock in a transaction dated 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 owns 17,048 shares in the company, valued at $1,393,503.52. This represents a 27.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richelle T. Luther sold 4,000 shares of the firm's 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 owns 14,283 shares of the company's stock, valued at $1,319,177.88. The trade was a 21.88 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by corporate insiders.

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.