20,480 Shares in Columbia Sportswear (NASDAQ:COLM) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 20,480 shares of the textile maker's stock, valued at approximately $1,719,000.

Several other institutional investors and hedge funds have also modified their holdings of COLM. Signaturefd LLC grew its position in shares of Columbia Sportswear by 18.4% during the 4th 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 period. Cairn Investment Group Inc. grew its holdings in Columbia Sportswear by 0.3% in the fourth quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker's stock valued at $3,750,000 after purchasing an additional 145 shares during the period. Amalgamated Bank increased its position in shares of Columbia Sportswear by 1.0% in the fourth quarter. Amalgamated Bank now owns 15,337 shares of the textile maker's stock valued at $1,287,000 after buying an additional 146 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Columbia Sportswear by 43.2% during the 4th quarter. GAMMA Investing LLC now owns 600 shares of the textile maker's stock worth $50,000 after buying an additional 181 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Columbia Sportswear by 184.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock valued at $25,000 after buying an additional 194 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company's stock.

Insiders Place Their Bets

In other Columbia Sportswear news, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald E. Nelson sold 6,395 shares of the company's 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 completion of the transaction, the director now directly owns 17,048 shares in the company, valued at approximately $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.

Columbia Sportswear Stock Down 4.1 %

Shares of Columbia Sportswear stock traded down $2.77 during trading hours on Thursday, reaching $65.58. 362,922 shares of the company's stock were exchanged, compared to its average volume of 542,599. The business has a fifty day moving average of $79.84 and a two-hundred day moving average of $82.65. The company has a market capitalization of $3.63 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 2.54 and a beta of 0.91. Columbia Sportswear has a 1 year low of $59.07 and a 1 year high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 EPS 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, research analysts predict that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.83%. The ex-dividend date was Monday, March 10th. Columbia Sportswear's payout ratio is currently 31.01%.

Analyst Ratings Changes

Several brokerages recently commented on COLM. Citigroup reissued a "neutral" rating and issued a $68.00 price target (down previously from $80.00) on shares of Columbia Sportswear in a report on Monday. StockNews.com downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus decreased their price target on shares of Columbia Sportswear from $100.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Columbia Sportswear has a consensus rating of "Hold" and an average target price of $80.75.

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.