Landscape Capital Management L.L.C. Purchases New Stake in Columbia Sportswear (NASDAQ:COLM)

Landscape Capital Management L.L.C. bought a new position in Columbia Sportswear (NASDAQ:COLM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 8,792 shares of the textile maker's stock, valued at approximately $738,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in shares of Columbia Sportswear by 184.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock valued at $25,000 after purchasing an additional 194 shares during the period. GAMMA Investing LLC increased its holdings in Columbia Sportswear by 43.2% in the 4th quarter. GAMMA Investing LLC now owns 600 shares of the textile maker's stock worth $50,000 after buying an additional 181 shares during the period. Signaturefd LLC raised its position in Columbia Sportswear by 18.4% during the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock worth $77,000 after buying an additional 142 shares during the last quarter. Blue Trust Inc. lifted its stake in 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 acquiring an additional 237 shares during the period. Finally, KBC Group NV lifted its stake in 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 acquiring an additional 418 shares during the period. Institutional investors and hedge funds own 47.76% of the company's stock.

Insiders Place Their Bets

In other news, EVP Richelle T. Luther sold 4,000 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $1,319,177.88. The trade was a 21.88 % 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 link. Also, Director Ronald E. Nelson sold 6,395 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $81.74, for a total transaction of $522,727.30. Following the transaction, the director now owns 17,048 shares of the company's stock, valued at approximately $1,393,503.52. This trade represents a 27.28 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on COLM. Citigroup reiterated a "neutral" rating and issued a $68.00 price objective (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday. StockNews.com downgraded Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus reduced their price objective on Columbia Sportswear from $100.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $80.75.

Columbia Sportswear Stock Down 0.0 %

Shares of NASDAQ:COLM traded down $0.03 during trading on Friday, hitting $65.62. 730,046 shares of the stock traded hands, compared to its average volume of 547,026. The company has a fifty day moving average price of $79.45 and a two-hundred day moving average price of $82.55. 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 16.96, a P/E/G ratio of 2.54 and a beta of 0.91.

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, equities research analysts predict that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.30 per share. The ex-dividend date of this dividend 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 is currently 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.