Raymond James Financial Inc. acquired a new position in Columbia Sportswear (NASDAQ:COLM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,688 shares of the textile maker's stock, valued at approximately $1,904,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Proficio Capital Partners LLC bought a new stake in Columbia Sportswear in the 4th quarter valued at $1,472,000. Victory Capital Management Inc. grew its position in Columbia Sportswear by 2.4% during the fourth quarter. Victory Capital Management Inc. now owns 15,318 shares of the textile maker's stock worth $1,286,000 after buying an additional 365 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Columbia Sportswear by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker's stock valued at $47,372,000 after acquiring an additional 13,800 shares during the period. Smartleaf Asset Management LLC increased its stake in Columbia Sportswear by 184.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock valued at $25,000 after acquiring an additional 194 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its position in shares of Columbia Sportswear by 31.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 30,577 shares of the textile maker's stock worth $2,566,000 after acquiring an additional 7,310 shares during the period. Institutional investors own 47.76% of the company's stock.
Insiders Place Their Bets
In other news, Director Ronald E. Nelson sold 6,395 shares of the stock in a transaction 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 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 document filed with the SEC, which is available through this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total value 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. The trade was a 21.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 44.70% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on COLM. StockNews.com cut Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Stifel Nicolaus increased their price target on shares of 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 Stock Analysis on Columbia Sportswear
Columbia Sportswear Stock Up 2.5 %
Columbia Sportswear stock traded up $1.65 during mid-day trading on Friday, hitting $68.84. 2,430,143 shares of the company were exchanged, compared to its average volume of 530,807. Columbia Sportswear has a 1-year low of $64.85 and a 1-year high of $92.88. The business has a fifty day moving average of $82.29 and a 200 day moving average of $83.26. The company has a market capitalization of $3.81 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90.
Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released 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%. Research analysts expect that Columbia Sportswear will post 4.1 earnings per share for the current year.
Columbia Sportswear Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors 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 1.74%. The ex-dividend date was Monday, March 10th. Columbia Sportswear's dividend payout ratio is currently 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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