EntryPoint Capital LLC Takes Position in Columbia Sportswear (NASDAQ:COLM)

EntryPoint Capital LLC acquired a new stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,923 shares of the textile maker's stock, valued at approximately $329,000.

Several other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its stake in Columbia Sportswear by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 550,622 shares of the textile maker's stock valued at $45,806,000 after purchasing an additional 1,758 shares during the last quarter. FMR LLC raised its position in shares of Columbia Sportswear by 0.7% in the third quarter. FMR LLC now owns 180,094 shares of the textile maker's stock valued at $14,982,000 after buying an additional 1,243 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Columbia Sportswear in the third quarter worth about $1,280,000. Bridgewater Associates LP lifted its stake in shares of Columbia Sportswear by 3.1% in the third quarter. Bridgewater Associates LP now owns 46,488 shares of the textile maker's stock worth $3,867,000 after buying an additional 1,410 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Columbia Sportswear by 0.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 107,102 shares of the textile maker's stock worth $8,910,000 after acquiring an additional 794 shares during the last quarter. Institutional investors and hedge funds own 47.76% of the company's stock.

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Insider Transactions at Columbia Sportswear

In other 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 value of $369,440.00. Following the transaction, 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction that occurred 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Company insiders own 44.70% of the company's stock.

Columbia Sportswear Trading Up 1.5 %

COLM stock traded up $1.14 during trading on Tuesday, reaching $76.83. 471,331 shares of the stock were exchanged, compared to its average volume of 517,479. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 19.85, a P/E/G ratio of 2.54 and a beta of 0.90. The business has a 50 day moving average price of $83.56 and a 200-day moving average price of $83.56. Columbia Sportswear has a 1 year low of $73.04 and a 1 year high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The textile maker reported $1.80 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. On average, research analysts anticipate that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, March 10th. Columbia Sportswear's dividend payout ratio (DPR) is presently 31.01%.

Wall Street Analysts Forecast Growth

COLM has been the topic of a number of research reports. Stifel Nicolaus raised their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. StockNews.com downgraded Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th.

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.