Charles Schwab Investment Management Inc. Acquires 13,800 Shares of Columbia Sportswear (NASDAQ:COLM)

Charles Schwab Investment Management Inc. grew its stake in Columbia Sportswear (NASDAQ:COLM - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 564,422 shares of the textile maker's stock after purchasing an additional 13,800 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.99% of Columbia Sportswear worth $47,372,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its stake in 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 buying an additional 194 shares during the period. Proficio Capital Partners LLC acquired a new stake in Columbia Sportswear during the 4th quarter worth $1,472,000. Illinois Municipal Retirement Fund raised its stake in Columbia Sportswear by 31.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 30,577 shares of the textile maker's stock worth $2,566,000 after buying an additional 7,310 shares during the period. Amalgamated Bank raised its stake in Columbia Sportswear by 1.0% during the 4th quarter. Amalgamated Bank now owns 15,337 shares of the textile maker's stock worth $1,287,000 after buying an additional 146 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Columbia Sportswear by 11.6% during the 4th quarter. Bank of New York Mellon Corp now owns 418,531 shares of the textile maker's stock worth $35,127,000 after buying an additional 43,654 shares during the period. Institutional investors and hedge funds own 47.76% of the company's stock.

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Insider Activity

In related 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $81.74, for a total value of $522,727.30. Following the transaction, the director now owns 17,048 shares of the company's stock, 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. 44.70% of the stock is owned by corporate insiders.

Columbia Sportswear Price Performance

COLM stock traded down $1.03 during trading hours on Tuesday, reaching $78.51. 591,874 shares of the stock were exchanged, compared to its average volume of 497,927. The firm's 50-day moving average is $84.87 and its 200-day moving average is $83.88. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 20.29, a PEG 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 released its earnings results 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 return on equity of 12.23% and a net margin of 6.63%. As a group, equities research analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The business 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 $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear's payout ratio is 31.01%.

Analyst Ratings Changes

Several brokerages recently commented on COLM. TD Cowen raised their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the stock a "hold" rating in a research note on Tuesday, November 26th. StockNews.com downgraded Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus increased their target price on Columbia Sportswear from $92.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th.

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.