KLP Kapitalforvaltning AS Takes $1.36 Million Position in Columbia Sportswear (NASDAQ:COLM)

KLP Kapitalforvaltning AS acquired a new position in Columbia Sportswear (NASDAQ:COLM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,200 shares of the textile maker's stock, valued at approximately $1,360,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Signaturefd LLC grew its holdings in shares of Columbia Sportswear by 18.4% in the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock valued at $77,000 after purchasing an additional 142 shares in the last quarter. Cairn Investment Group Inc. raised its holdings in shares of Columbia Sportswear by 0.3% in the 4th 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 in the last quarter. Amalgamated Bank lifted its position in shares of Columbia Sportswear by 1.0% during the 4th quarter. Amalgamated Bank now owns 15,337 shares of the textile maker's stock worth $1,287,000 after purchasing an additional 146 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Columbia Sportswear by 43.2% during 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 in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Columbia Sportswear by 184.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock worth $25,000 after purchasing an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company's stock.

Columbia Sportswear Trading Down 13.1 %

NASDAQ:COLM traded down $10.17 during midday trading on Thursday, hitting $67.19. 1,806,973 shares of the company were exchanged, compared to its average volume of 523,017. Columbia Sportswear has a fifty-two week low of $66.91 and a fifty-two week high of $92.88. The company has a market capitalization of $3.72 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90. The company has a fifty day simple moving average of $82.70 and a 200 day simple moving average of $83.36.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its 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%. As a group, equities research analysts expect that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.79%. Columbia Sportswear's payout ratio is 31.01%.

Analyst Ratings Changes

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

Insider Buying and Selling at Columbia Sportswear

In related news, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear 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. This trade represents a 27.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Richelle T. Luther sold 4,000 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the transaction, the executive vice president now owns 14,283 shares of the company's stock, valued at approximately $1,319,177.88. The trade was a 21.88 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by company insiders.

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.