Tower Research Capital LLC TRC Has $868,000 Stock Holdings in Columbia Sportswear (NASDAQ:COLM)

Tower Research Capital LLC TRC boosted its holdings in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 1,044.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,344 shares of the textile maker's stock after purchasing an additional 9,440 shares during the period. Tower Research Capital LLC TRC's holdings in Columbia Sportswear were worth $868,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Boston Trust Walden Corp boosted its stake in Columbia Sportswear by 0.3% in the 4th quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker's stock valued at $107,778,000 after buying an additional 3,214 shares in the last quarter. Thrivent Financial for Lutherans increased 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 purchasing an additional 109,488 shares in the last quarter. American Century Companies Inc. lifted its holdings in Columbia Sportswear by 18.0% during the 4th quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker's stock valued at $74,255,000 after purchasing an additional 134,813 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 valued at $47,372,000 after buying an additional 13,800 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Columbia Sportswear by 25.3% during the fourth quarter. Invesco Ltd. now owns 530,600 shares of the textile maker's stock worth $44,533,000 after buying an additional 107,157 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Price Performance

Shares of NASDAQ COLM traded down $1.26 during midday trading on Tuesday, reaching $62.74. 1,018,585 shares of the stock were exchanged, compared to its average volume of 552,453. Columbia Sportswear has a 12 month low of $59.07 and a 12 month high of $92.88. The business has a 50-day simple moving average of $74.71 and a two-hundred day simple moving average of $81.07. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 2.54 and a beta of 0.91.

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 (EPS) 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%. Equities research analysts expect that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays initiated coverage on Columbia Sportswear in a report on Monday. They issued an "equal weight" rating and a $64.00 target price on the stock. UBS Group raised their target price on Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research note on Monday, April 14th. StockNews.com downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Stifel Nicolaus lowered their target price on Columbia Sportswear from $100.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Citigroup reissued a "neutral" rating and set a $68.00 price target (down from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $73.00.

Insiders Place Their Bets

In other news, EVP Richelle T. Luther sold 4,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total value of $369,440.00. Following the sale, the executive vice president now directly owns 14,283 shares in the company, valued at $1,319,177.88. The trade was a 21.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ronald E. Nelson sold 6,395 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now owns 17,048 shares in the company, 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. Corporate insiders own 44.70% of the company's stock.

About Columbia Sportswear

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.