Illinois Municipal Retirement Fund Has $2.57 Million Holdings in Columbia Sportswear (NASDAQ:COLM)

Illinois Municipal Retirement Fund grew its position in Columbia Sportswear (NASDAQ:COLM - Free Report) by 31.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,577 shares of the textile maker's stock after acquiring an additional 7,310 shares during the period. Illinois Municipal Retirement Fund owned 0.05% of Columbia Sportswear worth $2,566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Impact Partnership Wealth LLC acquired a new stake in shares of Columbia Sportswear in the fourth quarter valued at approximately $240,000. Assenagon Asset Management S.A. bought a new position in Columbia Sportswear in the 4th quarter valued at $6,356,000. Impax Asset Management Group plc increased its stake in shares of Columbia Sportswear by 79.2% in the 3rd quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker's stock valued at $7,530,000 after buying an additional 40,000 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Columbia Sportswear during the third quarter worth $7,676,000. Finally, MQS Management LLC acquired a new position in shares of Columbia Sportswear during the third quarter valued at $499,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COLM has been the subject of several recent research reports. Stifel Nicolaus boosted their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. TD Cowen boosted their price target on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a "hold" rating in a research note on Tuesday, November 26th. Finally, StockNews.com cut shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th.

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Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, 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 transaction, the director now directly owns 17,048 shares in the company, valued at $1,393,503.52. The trade was a 27.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction dated Wednesday, February 26th. The stock was 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 of the company's stock, valued at $1,319,177.88. The trade was a 21.88 % 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 3.1 %

Columbia Sportswear stock traded down $2.68 during mid-day trading on Monday, hitting $84.16. 1,545,493 shares of the company's stock were exchanged, compared to its average volume of 677,664. The company's 50 day simple moving average is $85.47 and its 200-day simple moving average is $83.83. The firm has a market capitalization of $4.81 billion, a P/E ratio of 21.75, a PEG ratio of 2.54 and a beta of 0.93. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week 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 earnings per share 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%. Research analysts expect that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 annualized dividend and a yield of 1.43%. Columbia Sportswear's dividend payout ratio (DPR) is presently 31.01%.

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.