Loomis Sayles & Co. L P Has $42.91 Million Stake in Columbia Sportswear (NASDAQ:COLM)

Loomis Sayles & Co. L P trimmed its position in Columbia Sportswear (NASDAQ:COLM - Free Report) by 2.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 511,281 shares of the textile maker's stock after selling 15,245 shares during the period. Loomis Sayles & Co. L P owned about 0.89% of Columbia Sportswear worth $42,911,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in Columbia Sportswear by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker's stock valued at $47,372,000 after acquiring an additional 13,800 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Columbia Sportswear during the 4th quarter valued at about $1,472,000. Truist Financial Corp boosted its stake in shares of Columbia Sportswear by 143.6% in the 4th quarter. Truist Financial Corp now owns 11,907 shares of the textile maker's stock valued at $999,000 after purchasing an additional 7,019 shares during the last quarter. Impact Partnership Wealth LLC acquired a new stake in shares of Columbia Sportswear during the 4th quarter worth approximately $240,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Columbia Sportswear during the fourth quarter worth approximately $6,356,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Columbia Sportswear Stock Up 1.9 %

Shares of COLM traded up $1.41 during trading hours on Tuesday, reaching $77.10. The stock had a trading volume of 95,163 shares, compared to its average volume of 515,888. The firm has a 50-day moving average of $83.56 and a 200 day moving average of $83.56. The company has a market cap of $4.27 billion, a P/E ratio of 19.85, a P/E/G ratio of 2.54 and a beta of 0.90. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $92.88.

Remove Ads

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (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%. As a group, equities analysts expect that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The company also recently declared 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 1.56%. Columbia Sportswear's dividend payout ratio (DPR) is 31.01%.

Wall Street Analyst Weigh In

COLM has been the topic of several recent research reports. StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a research report 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 report on Wednesday, December 11th.

Insiders Place Their Bets

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of the business's stock in a transaction that occurred on 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 $1,393,503.52. The trade was a 27.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total value of $369,440.00. Following the transaction, the executive vice president now directly 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. Insiders own 44.70% of the company's stock.

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.