Headlands Technologies LLC Has $1.37 Million Stake in Columbia Sportswear (NASDAQ:COLM)

Headlands Technologies LLC lifted its stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 122.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,361 shares of the textile maker's stock after purchasing an additional 9,021 shares during the period. Headlands Technologies LLC's holdings in Columbia Sportswear were worth $1,373,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of COLM. Boston Trust Walden Corp grew its position in shares of Columbia Sportswear by 0.3% during the 4th quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker's stock worth $107,778,000 after buying an additional 3,214 shares during the period. Thrivent Financial for Lutherans boosted its stake in Columbia Sportswear by 10.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker's stock valued at $101,355,000 after acquiring an additional 109,488 shares during the last quarter. American Century Companies Inc. grew 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 worth $74,255,000 after acquiring an additional 134,813 shares during the period. Geode Capital Management LLC raised its position in shares of Columbia Sportswear by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker's stock valued at $50,328,000 after acquiring an additional 4,727 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Columbia Sportswear by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker's stock valued at $47,372,000 after purchasing an additional 13,800 shares during the period. 47.76% of the stock is owned by institutional investors.

Columbia Sportswear Stock Up 2.5 %

Columbia Sportswear stock traded up $1.65 during mid-day trading on Friday, hitting $68.84. 2,430,143 shares of the company's stock were exchanged, compared to its average volume of 530,807. The company's 50 day simple moving average is $82.29 and its 200-day simple moving average is $83.26. The firm has a market capitalization of $3.81 billion, a P/E ratio of 17.79, a PEG ratio of 2.54 and a beta of 0.91. Columbia Sportswear has a fifty-two week low of $64.85 and a fifty-two week 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 analysts' consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. Research analysts expect that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Monday, March 10th. Columbia Sportswear's dividend payout ratio is 31.01%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. StockNews.com cut Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Stifel Nicolaus upped their price target on Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th.

Insider Buying and Selling

In related news, Director Ronald E. Nelson sold 6,395 shares of the 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 completion of the transaction, the director now owns 17,048 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction 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 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 disclosure for this sale can be found here. 44.70% of the stock is currently owned by company insiders.

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.