5,333 Shares in Columbia Sportswear (NASDAQ:COLM) Purchased by Magnetar Financial LLC

Magnetar Financial LLC acquired a new position in Columbia Sportswear (NASDAQ:COLM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,333 shares of the textile maker's stock, valued at approximately $448,000.

Other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC boosted its position in Columbia Sportswear by 69.6% during the third quarter. Empowered Funds LLC now owns 8,330 shares of the textile maker's stock valued at $693,000 after buying an additional 3,419 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Columbia Sportswear by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 550,622 shares of the textile maker's stock valued at $45,806,000 after acquiring an additional 1,758 shares during the period. FMR LLC grew its position in Columbia Sportswear by 0.7% during the 3rd quarter. FMR LLC now owns 180,094 shares of the textile maker's stock worth $14,982,000 after acquiring an additional 1,243 shares during the last quarter. Quantbot Technologies LP purchased a new position in Columbia Sportswear in the 3rd quarter worth approximately $1,280,000. Finally, Bridgewater Associates LP increased its stake in Columbia Sportswear by 3.1% in the 3rd quarter. Bridgewater Associates LP now owns 46,488 shares of the textile maker's stock worth $3,867,000 after purchasing an additional 1,410 shares during the period. Hedge funds and other institutional investors own 47.76% of the company's stock.

Insider Buying and Selling

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.74, for a total value of $522,727.30. Following the sale, the director now owns 17,048 shares in the company, valued at approximately $1,393,503.52. This represents a 27.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richelle T. Luther sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total transaction of $369,440.00. Following the transaction, the executive vice president now directly owns 14,283 shares of the company's stock, valued at $1,319,177.88. This represents a 21.88 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is owned by insiders.

Columbia Sportswear Price Performance

NASDAQ:COLM traded up $0.40 during trading hours on Thursday, hitting $76.76. The company had a trading volume of 355,802 shares, compared to its average volume of 507,775. The stock has a 50-day moving average price of $84.14 and a 200 day moving average price of $83.71. The company has a market capitalization of $4.25 billion, a PE ratio of 19.83, a price-to-earnings-growth 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.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its quarterly earnings results 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%. Analysts anticipate that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $0.30 per share. The ex-dividend date was Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.56%. Columbia Sportswear's dividend payout ratio is presently 31.01%.

Analysts Set New Price Targets

COLM has been the topic of several recent analyst reports. StockNews.com cut shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Stifel Nicolaus boosted their price objective on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th.

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.