Proficio Capital Partners LLC Acquires New Position in Columbia Sportswear (NASDAQ:COLM)

Proficio Capital Partners LLC bought a new position in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,541 shares of the textile maker's stock, valued at approximately $1,472,000.

Several other large investors have also recently bought and sold shares of COLM. Charles Schwab Investment Management Inc. boosted its position in shares of Columbia Sportswear by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker's stock worth $47,372,000 after acquiring an additional 13,800 shares in the last quarter. Truist Financial Corp lifted its stake in Columbia Sportswear by 143.6% during the fourth quarter. Truist Financial Corp now owns 11,907 shares of the textile maker's stock worth $999,000 after purchasing an additional 7,019 shares during the last quarter. Impact Partnership Wealth LLC acquired a new position in Columbia Sportswear in the fourth quarter valued at approximately $240,000. Assenagon Asset Management S.A. purchased a new position in Columbia Sportswear in the fourth quarter valued at approximately $6,356,000. Finally, Bank of New York Mellon Corp raised its holdings in Columbia Sportswear by 11.6% during the fourth quarter. Bank of New York Mellon Corp now owns 418,531 shares of the textile maker's stock worth $35,127,000 after purchasing an additional 43,654 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company's stock.

Insider Transactions at Columbia Sportswear

In related news, EVP Richelle T. Luther sold 4,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total transaction of $369,440.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 value of $522,727.30. Following the completion of the sale, the director now directly owns 17,048 shares in the company, valued at $1,393,503.52. This represents a 27.28 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 44.70% of the company's stock.

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Columbia Sportswear Stock Up 1.8 %

NASDAQ:COLM traded up $1.40 during trading hours on Monday, reaching $77.97. 671,759 shares of the company's stock were exchanged, compared to its average volume of 508,382. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $92.88. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 2.54 and a beta of 0.90. The company has a 50-day moving average of $84.39 and a 200 day moving average of $83.77.

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

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Monday, March 10th. Columbia Sportswear's payout ratio is currently 31.01%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on COLM. Stifel Nicolaus upped their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. TD Cowen raised their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the stock a "hold" rating in a report on Tuesday, November 26th. Finally, StockNews.com cut Columbia Sportswear from a "buy" rating to a "hold" rating in a research report 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.