Geode Capital Management LLC Lowers Stock Holdings in Columbia Sportswear (NASDAQ:COLM)

Geode Capital Management LLC lowered its stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 596,013 shares of the textile maker's stock after selling 8,811 shares during the quarter. Geode Capital Management LLC owned 1.04% of Columbia Sportswear worth $50,037,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in shares of Columbia Sportswear by 184.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock worth $25,000 after buying an additional 194 shares during the last quarter. GAMMA Investing LLC boosted its position in Columbia Sportswear by 43.2% in the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker's stock worth $50,000 after purchasing an additional 181 shares during the last quarter. Signaturefd LLC grew 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. Blue Trust Inc. increased its position in shares of Columbia Sportswear by 33.6% during the 4th quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock valued at $78,000 after purchasing an additional 237 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Columbia Sportswear by 26.8% during the 4th quarter. KBC Group NV now owns 1,975 shares of the textile maker's stock valued at $166,000 after purchasing an additional 418 shares during the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on COLM. Citigroup reissued a "neutral" rating and issued a $68.00 price target (down from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. Stifel Nicolaus dropped their target price 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, April 10th. StockNews.com lowered shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, UBS Group upped their price objective on Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $74.80.

Insiders Place Their Bets

In other news, Director Ronald E. Nelson sold 6,395 shares of the 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 sale, the director now directly owns 17,048 shares of the company's stock, valued at approximately $1,393,503.52. This represents a 27.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Richelle T. Luther sold 4,000 shares of the firm'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 completion of the transaction, the executive vice president now owns 14,283 shares of the company's stock, valued at $1,319,177.88. This trade represents a 21.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 44.70% of the stock is owned by corporate insiders.

Columbia Sportswear Price Performance

Shares of COLM traded up $0.61 during trading hours on Friday, hitting $65.52. The company's stock had a trading volume of 842,757 shares, compared to its average volume of 549,654. The business has a 50 day simple moving average of $77.97 and a two-hundred day simple moving average of $81.99. Columbia Sportswear has a 52-week low of $59.07 and a 52-week high of $92.88. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 2.54 and a beta of 0.91.

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

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 1.83%. Columbia Sportswear's dividend payout ratio (DPR) is 31.01%.

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.