Columbia Sportswear (NASDAQ:COLM) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its position in Columbia Sportswear (NASDAQ:COLM - Free Report) by 28.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 186,406 shares of the textile maker's stock after selling 73,000 shares during the period. New York State Common Retirement Fund owned about 0.33% of Columbia Sportswear worth $15,645,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its holdings in shares of Columbia Sportswear by 19.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker's stock valued at $147,544,000 after purchasing an additional 292,716 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Columbia Sportswear in the third quarter valued at about $7,676,000. Assenagon Asset Management S.A. acquired a new stake in shares of Columbia Sportswear during the 4th quarter valued at approximately $6,356,000. Impax Asset Management Group plc grew its holdings in shares of 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 worth $7,530,000 after acquiring an additional 40,000 shares during the period. Finally, Holocene Advisors LP increased its stake in Columbia Sportswear by 71.8% in the 3rd quarter. Holocene Advisors LP now owns 57,200 shares of the textile maker's stock valued at $4,758,000 after purchasing an additional 23,909 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company's stock.

Remove Ads

Insider Buying and Selling

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 44.70% of the company's stock.

Columbia Sportswear Price Performance

NASDAQ:COLM traded down $1.36 during trading hours on Thursday, reaching $89.64. 974,997 shares of the company were exchanged, compared to its average volume of 658,813. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.54 and a beta of 0.93. The stock has a 50 day simple moving average of $85.46 and a 200 day simple moving average of $83.69. 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 issued its earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing analysts' consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. On average, analysts predict that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company also recently announced 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear's payout ratio is currently 31.01%.

Analyst Upgrades and Downgrades

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

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.