Magnetar Financial LLC Acquires Shares of 5,333 Columbia Sportswear (NASDAQ:COLM)

Magnetar Financial LLC purchased a new stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,333 shares of the textile maker's stock, valued at approximately $448,000.

Several other hedge funds have also recently bought and sold shares of COLM. Thrivent Financial for Lutherans increased its position in Columbia Sportswear by 10.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker's stock worth $101,355,000 after purchasing an additional 109,488 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Columbia Sportswear during the 4th quarter valued at approximately $6,356,000. Natixis Advisors LLC grew its holdings in Columbia Sportswear by 48.6% in the 4th quarter. Natixis Advisors LLC now owns 143,831 shares of the textile maker's stock valued at $12,072,000 after buying an additional 47,031 shares during the last quarter. Bank of New York Mellon Corp increased its position in Columbia Sportswear by 11.6% in the 4th quarter. Bank of New York Mellon Corp now owns 418,531 shares of the textile maker's stock worth $35,127,000 after buying an additional 43,654 shares during the period. Finally, Holocene Advisors LP lifted its holdings in shares of Columbia Sportswear by 71.8% during the third quarter. Holocene Advisors LP now owns 57,200 shares of the textile maker's stock worth $4,758,000 after buying an additional 23,909 shares during the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Columbia Sportswear Price Performance

Shares of Columbia Sportswear stock traded down $1.69 during trading on Tuesday, hitting $76.29. 213,123 shares of the company's stock traded hands, compared to its average volume of 508,342. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $92.88. The company has a market cap of $4.22 billion, a PE ratio of 19.71, a PEG ratio of 2.54 and a beta of 0.90. The firm's fifty day moving average price is $84.28 and its 200 day moving average price is $83.75.

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

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.57%. Columbia Sportswear's dividend payout ratio is presently 31.01%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. StockNews.com lowered shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. TD Cowen boosted their price objective on shares of 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 lifted 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 Transactions at Columbia Sportswear

In other 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 value of $522,727.30. Following the transaction, the director now directly owns 17,048 shares of the company's stock, valued at $1,393,503.52. The trade was a 27.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richelle T. Luther sold 4,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total value of $369,440.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 44.70% of the stock is owned by insiders.

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.