New Age Alpha Advisors LLC purchased a new stake in Columbia Sportswear (NASDAQ:COLM - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 3,530 shares of the textile maker's stock, valued at approximately $296,000.
Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Columbia Sportswear in the fourth quarter worth about $25,710,000. WINTON GROUP Ltd bought a new stake in Columbia Sportswear in the 4th quarter worth approximately $6,470,000. EntryPoint Capital LLC purchased a new stake in shares of Columbia Sportswear during the 4th quarter worth approximately $329,000. LPL Financial LLC boosted its position in shares of Columbia Sportswear by 37.8% during the 4th quarter. LPL Financial LLC now owns 3,429 shares of the textile maker's stock valued at $288,000 after acquiring an additional 941 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Columbia Sportswear in the fourth quarter valued at $1,360,000. Hedge funds and other institutional investors own 47.76% of the company's stock.
Analyst Ratings Changes
A number of brokerages have commented on COLM. StockNews.com cut shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Stifel Nicolaus lifted their price target on Columbia Sportswear from $92.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th.
Get Our Latest Analysis on COLM
Insider Transactions at Columbia Sportswear
In other news, Director Ronald E. Nelson sold 6,395 shares of the company's stock in a transaction on 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 directly owns 17,048 shares of the company's stock, valued at $1,393,503.52. This represents a 27.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richelle T. Luther sold 4,000 shares of the business's stock in a transaction 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 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. Insiders own 44.70% of the company's stock.
Columbia Sportswear Price Performance
Shares of NASDAQ:COLM traded down $10.17 during trading hours on Thursday, hitting $67.19. 1,806,973 shares of the company's stock traded hands, compared to its average volume of 523,015. The business has a fifty day moving average price of $82.70 and a 200-day moving average price of $83.36. Columbia Sportswear has a 1 year low of $66.93 and a 1 year high of $92.88. The firm has a market capitalization of $3.72 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90.
Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted 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 analysts predict 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. Shareholders of record on Monday, March 10th were issued a $0.30 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 1.79%. Columbia Sportswear's dividend payout ratio is presently 31.01%.
About Columbia Sportswear
(
Free Report)
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.
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