Proficio Capital Partners LLC Invests $1.47 Million in Columbia Sportswear (NASDAQ:COLM)

Proficio Capital Partners LLC purchased a new stake in Columbia Sportswear (NASDAQ:COLM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,541 shares of the textile maker's stock, valued at approximately $1,472,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in Columbia Sportswear by 43.2% during the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker's stock worth $50,000 after acquiring an additional 181 shares during the period. Blue Trust Inc. boosted its position in Columbia Sportswear by 33.6% in the 4th quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock worth $78,000 after purchasing an additional 237 shares in the last quarter. KBC Group NV grew its stake in shares of Columbia Sportswear by 26.8% during the 4th quarter. KBC Group NV now owns 1,975 shares of the textile maker's stock worth $166,000 after purchasing an additional 418 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Columbia Sportswear during the 4th quarter valued at approximately $216,000. Finally, Impact Partnership Wealth LLC acquired a new position in shares of Columbia Sportswear in the 4th quarter valued at $240,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Columbia Sportswear Stock Up 1.5 %

Shares of Columbia Sportswear stock traded up $1.28 during mid-day trading on Monday, reaching $85.24. 1,141,857 shares of the stock traded hands, compared to its average volume of 713,660. The stock has a market capitalization of $4.72 billion, a PE ratio of 22.03, a PEG ratio of 2.54 and a beta of 0.90. The business has a 50-day moving average of $85.19 and a 200 day moving average of $83.95. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $92.88.

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Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 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%. On average, equities research analysts expect that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear's dividend payout ratio (DPR) is currently 31.01%.

Wall Street Analysts Forecast Growth

Several analysts recently commented 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. Stifel Nicolaus raised their target price on Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Finally, TD Cowen upped their price target on Columbia Sportswear from $70.00 to $84.00 and gave the stock a "hold" rating in a report on Tuesday, November 26th.

Insider Buying and Selling at Columbia Sportswear

In other news, Director Ronald E. Nelson sold 6,395 shares of the business's stock in a transaction dated 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 owns 17,048 shares of the company's stock, valued at approximately $1,393,503.52. The trade was a 27.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction dated Wednesday, February 26th. The stock was 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 in the company, valued at $1,319,177.88. This trade 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 company insiders.

About Columbia Sportswear

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.