American Century Companies Inc. Purchases 134,813 Shares of Columbia Sportswear (NASDAQ:COLM)

American Century Companies Inc. boosted its stake in Columbia Sportswear (NASDAQ:COLM - Free Report) by 18.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 884,731 shares of the textile maker's stock after acquiring an additional 134,813 shares during the period. American Century Companies Inc. owned 1.55% of Columbia Sportswear worth $74,255,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in shares of Columbia Sportswear by 184.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock worth $25,000 after purchasing an additional 194 shares during the last quarter. GAMMA Investing LLC increased its position in Columbia Sportswear by 43.2% in the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker's stock worth $50,000 after buying an additional 181 shares during the last quarter. Signaturefd LLC increased its position in Columbia Sportswear by 18.4% in the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock worth $77,000 after buying an additional 142 shares during the last quarter. Blue Trust Inc. raised 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 valued at $78,000 after buying 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 valued at $166,000 after buying an additional 418 shares during the last quarter. Institutional investors own 47.76% of the company's stock.

Insider Buying and Selling

In other news, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction dated 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 sale, the executive vice president now owns 14,283 shares in the company, valued at approximately $1,319,177.88. This trade represents a 21.88 % decrease in their position. The sale 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 company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.74, for a total transaction of $522,727.30. Following the completion of the transaction, the director now owns 17,048 shares in the company, valued at approximately $1,393,503.52. This trade represents a 27.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 44.70% of the stock is owned by company insiders.

Columbia Sportswear Stock Down 1.9 %

Shares of NASDAQ:COLM traded down $1.46 during midday trading on Friday, reaching $75.30. 512,639 shares of the company traded hands, compared to its average volume of 517,217. The firm's fifty day moving average price is $83.72 and its two-hundred day moving average price is $83.58. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly 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 net margin of 6.63% and a return on equity of 12.23%. Analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.59%. The ex-dividend date was Monday, March 10th. Columbia Sportswear's dividend payout ratio is 31.01%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. StockNews.com cut Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Stifel Nicolaus boosted their price target on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th.

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.