Invesco Ltd. Boosts Stake in Columbia Sportswear (NASDAQ:COLM)

Invesco Ltd. increased its holdings in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 25.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 530,600 shares of the textile maker's stock after acquiring an additional 107,157 shares during the quarter. Invesco Ltd. owned about 0.93% of Columbia Sportswear worth $44,533,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in COLM. Signaturefd LLC boosted its stake in Columbia Sportswear by 18.4% in the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock valued at $77,000 after purchasing an additional 142 shares during the period. Cairn Investment Group Inc. raised its stake in Columbia Sportswear by 0.3% in the 4th quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker's stock worth $3,750,000 after purchasing an additional 145 shares in the last quarter. Amalgamated Bank grew its position in shares of 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 purchasing an additional 146 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Columbia Sportswear by 43.2% in 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 in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Columbia Sportswear by 184.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock worth $25,000 after buying an additional 194 shares in the last quarter. Institutional investors own 47.76% of the company's stock.

Columbia Sportswear Stock Performance

Shares of Columbia Sportswear stock traded down $2.38 on Monday, hitting $63.14. The company had a trading volume of 44,775 shares, compared to its average volume of 547,963. Columbia Sportswear has a 1 year low of $59.07 and a 1 year high of $92.88. The stock has a 50 day moving average of $77.71 and a 200-day moving average of $81.86. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of 2.54 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its 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 analysts anticipate that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $0.30 per share. The ex-dividend date was Monday, March 10th. This represents a $1.20 annualized dividend and a yield of 1.90%. Columbia Sportswear's payout ratio is currently 31.01%.

Insiders Place Their Bets

In related news, EVP Richelle T. Luther sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total transaction of $369,440.00. Following the sale, the executive vice president now directly owns 14,283 shares in the company, valued at approximately $1,319,177.88. This represents a 21.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald E. Nelson sold 6,395 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction 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. This trade represents a 27.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 44.70% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citigroup reaffirmed a "neutral" rating and issued a $68.00 price objective (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. UBS Group increased their price objective on Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a report on Monday, April 14th. StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus reduced their target price on Columbia Sportswear from $100.00 to $91.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $74.80.

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.