Legato Capital Management LLC Sells 4,118 Shares of Columbia Sportswear (NASDAQ:COLM)

Legato Capital Management LLC reduced its position in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 30.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,603 shares of the textile maker's stock after selling 4,118 shares during the quarter. Legato Capital Management LLC's holdings in Columbia Sportswear were worth $806,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Impact Partnership Wealth LLC acquired a new stake in Columbia Sportswear during the 4th quarter valued at $240,000. Assenagon Asset Management S.A. acquired a new position in Columbia Sportswear in the 4th quarter valued at about $6,356,000. Impax Asset Management Group plc grew its stake in 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 last quarter. International Assets Investment Management LLC bought a new position in Columbia Sportswear in the 3rd quarter valued at about $7,676,000. Finally, MQS Management LLC bought a new stake in shares of Columbia Sportswear during the third quarter worth approximately $499,000. Institutional investors and hedge funds own 47.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. TD Cowen lifted their target price on Columbia Sportswear from $70.00 to $84.00 and gave the stock a "hold" rating in a report on Tuesday, November 26th. Finally, Stifel Nicolaus upped their price target on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th.

Columbia Sportswear Price Performance

NASDAQ:COLM traded up $1.99 during trading hours on Monday, reaching $84.58. 774,016 shares of the company were exchanged, compared to its average volume of 513,862. The business has a 50 day moving average of $85.26 and a 200 day moving average of $83.19. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $91.30. The company has a market capitalization of $4.84 billion, a P/E ratio of 21.86, a P/E/G ratio of 3.16 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued 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%. As a group, equities research analysts anticipate that Columbia Sportswear will post 4.12 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.42%. Columbia Sportswear's dividend payout ratio (DPR) is currently 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.