Rhumbline Advisers Buys 3,431 Shares of Columbia Sportswear (NASDAQ:COLM)

Rhumbline Advisers lifted its stake in Columbia Sportswear (NASDAQ:COLM - Free Report) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 131,868 shares of the textile maker's stock after purchasing an additional 3,431 shares during the period. Rhumbline Advisers owned 0.23% of Columbia Sportswear worth $11,068,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its position in Columbia Sportswear by 10.2% during the fourth quarter. Empowered Funds LLC now owns 9,179 shares of the textile maker's stock valued at $770,000 after purchasing an additional 849 shares in the last quarter. Paragon Capital Management Inc. lifted its position in Columbia Sportswear by 1.4% in the 4th quarter. Paragon Capital Management Inc. now owns 24,350 shares of the textile maker's stock valued at $2,044,000 after acquiring an additional 348 shares in the last quarter. Boston Trust Walden Corp boosted its stake in Columbia Sportswear by 0.3% during the 4th quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker's stock valued at $107,778,000 after purchasing an additional 3,214 shares during the last quarter. Cairn Investment Group Inc. lifted its position in shares of Columbia Sportswear by 0.3% during the 4th quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker's stock worth $3,750,000 after buying an additional 145 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Columbia Sportswear by 1.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 32,691 shares of the textile maker's stock worth $2,744,000 after buying an additional 404 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors.

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Insider Activity

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear 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 in the company, 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 is accessible through this link. Insiders own 44.70% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. TD Cowen lifted their price target on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a "hold" rating in a report on Tuesday, November 26th. Stifel Nicolaus boosted 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. Finally, StockNews.com cut shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th.

Columbia Sportswear Trading Down 1.5 %

COLM traded down $1.36 during midday trading on Thursday, reaching $89.64. The company's stock had a trading volume of 974,997 shares, compared to its average volume of 658,813. The stock's 50-day moving average is $85.46 and its 200-day moving average is $83.69. 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 $5.13 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.54 and a beta of 0.93.

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 (EPS) for the quarter, missing the consensus estimate 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 research analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.34%. Columbia Sportswear's payout ratio is 31.01%.

Columbia Sportswear 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.