Quantbot Technologies LP lifted its stake in Columbia Sportswear (NASDAQ:COLM - Free Report) by 183.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,667 shares of the textile maker's stock after buying an additional 28,278 shares during the period. Quantbot Technologies LP owned approximately 0.08% of Columbia Sportswear worth $3,665,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Magnetar Financial LLC bought a new stake in Columbia Sportswear during the fourth quarter worth about $448,000. Xponance Inc. lifted its holdings in shares of Columbia Sportswear by 7.7% during the 4th quarter. Xponance Inc. now owns 3,804 shares of the textile maker's stock worth $319,000 after acquiring an additional 273 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Columbia Sportswear by 10.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker's stock worth $101,355,000 after acquiring an additional 109,488 shares in the last quarter. Signaturefd LLC increased its stake in Columbia Sportswear by 18.4% in the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock valued at $77,000 after acquiring an additional 142 shares during the last quarter. Finally, Natixis Advisors LLC raised its position in Columbia Sportswear by 48.6% during the fourth quarter. Natixis Advisors LLC now owns 143,831 shares of the textile maker's stock valued at $12,072,000 after purchasing an additional 47,031 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors.
Columbia Sportswear Stock Up 0.2 %
Shares of NASDAQ:COLM traded up $0.18 during trading on Wednesday, hitting $76.36. 438,683 shares of the company were exchanged, compared to its average volume of 508,688. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $92.88. The company has a market capitalization of $4.23 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90. The business's 50 day moving average is $84.14 and its 200-day moving average is $83.71.
Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued 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, sell-side analysts anticipate that Columbia Sportswear will post 4.1 earnings per share for the current year.
Columbia Sportswear Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Monday, March 10th. Columbia Sportswear's payout ratio is 31.01%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. StockNews.com downgraded Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. TD Cowen raised their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the company a "hold" rating in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus boosted their target price on Columbia Sportswear from $92.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th.
Get Our Latest Stock Report on COLM
Insider Buying and Selling at Columbia Sportswear
In related 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 completion of the transaction, the executive vice president now directly owns 14,283 shares of the company's stock, valued at $1,319,177.88. This trade represents a 21.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $522,727.30. Following the completion of the sale, the director now owns 17,048 shares in the company, valued at $1,393,503.52. This trade represents a 27.28 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 44.70% of the company's stock.
About Columbia Sportswear
(
Free Report)
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.
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