Bank of New York Mellon Corp Purchases 43,654 Shares of Columbia Sportswear (NASDAQ:COLM)

Bank of New York Mellon Corp increased its holdings in Columbia Sportswear (NASDAQ:COLM - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 418,531 shares of the textile maker's stock after purchasing an additional 43,654 shares during the period. Bank of New York Mellon Corp owned 0.73% of Columbia Sportswear worth $35,127,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in COLM. GAMMA Investing LLC raised its position in shares of 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 buying an additional 181 shares during the last quarter. Blue Trust Inc. increased its holdings in Columbia Sportswear by 33.6% in the 4th quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock valued at $78,000 after acquiring an additional 237 shares during the last quarter. KBC Group NV lifted its stake in Columbia Sportswear by 26.8% in 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 in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Columbia Sportswear during the 4th quarter valued at about $216,000. Finally, Impact Partnership Wealth LLC purchased a new position in shares of Columbia Sportswear during the fourth quarter valued at about $240,000. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Price Performance

Shares of Columbia Sportswear stock traded down $4.72 on Tuesday, reaching $80.52. The company had a trading volume of 966,797 shares, compared to its average volume of 719,163. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 2.54 and a beta of 0.90. The firm's 50-day moving average price is $85.22 and its two-hundred day moving average price is $83.98. 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 quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share 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 anticipate that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear's dividend payout ratio is currently 31.01%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on COLM shares. TD Cowen boosted their target price on Columbia Sportswear from $70.00 to $84.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. StockNews.com cut Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Stifel Nicolaus raised their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, December 11th.

Insider Transactions at Columbia Sportswear

In other Columbia Sportswear news, EVP Richelle T. Luther sold 4,000 shares of the firm's 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 transaction, the executive vice president now directly owns 14,283 shares in the company, valued at $1,319,177.88. This trade represents a 21.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total value of $522,727.30. Following the sale, the director now directly owns 17,048 shares of the company's stock, 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. Company insiders own 44.70% of the company's stock.

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.