Sei Investments Co. Has $424,000 Stock Position in Columbia Sportswear (NASDAQ:COLM)

Sei Investments Co. decreased its stake in Columbia Sportswear (NASDAQ:COLM - Free Report) by 74.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,048 shares of the textile maker's stock after selling 14,689 shares during the period. Sei Investments Co.'s holdings in Columbia Sportswear were worth $424,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in Columbia Sportswear by 18.0% during the 4th quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker's stock valued at $74,255,000 after purchasing an additional 134,813 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Columbia Sportswear in the 4th quarter valued at approximately $324,000. Quantbot Technologies LP grew its position in shares of Columbia Sportswear by 183.8% during the fourth quarter. Quantbot Technologies LP now owns 43,667 shares of the textile maker's stock worth $3,665,000 after buying an additional 28,278 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of Columbia Sportswear in the fourth quarter worth $448,000. Finally, Xponance Inc. raised its holdings in Columbia Sportswear by 7.7% in the fourth quarter. Xponance Inc. now owns 3,804 shares of the textile maker's stock valued at $319,000 after acquiring an additional 273 shares in the last quarter. 47.76% of the stock is owned by institutional investors and hedge funds.

Columbia Sportswear Stock Performance

Shares of Columbia Sportswear stock traded down $0.26 during trading on Wednesday, hitting $65.71. 43,911 shares of the stock traded hands, compared to its average volume of 545,330. The company has a fifty day moving average price of $78.51 and a two-hundred day moving average price of $82.23. Columbia Sportswear has a twelve month low of $59.07 and a twelve month high of $92.88. The stock has a market cap of $3.64 billion, a P/E ratio of 17.04, a PEG ratio of 2.54 and a beta of 0.91.

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

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Monday, March 10th. Columbia Sportswear's dividend payout ratio is currently 31.01%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. UBS Group lifted their price target on Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research note on Monday. Citigroup reaffirmed a "neutral" rating and issued a $68.00 target price (down from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. Stifel Nicolaus dropped their price objective on shares of Columbia Sportswear from $100.00 to $91.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, StockNews.com downgraded Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $74.80.

Insiders Place Their Bets

In other Columbia Sportswear news, 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 value of $369,440.00. Following the sale, the executive vice president now owns 14,283 shares of the company's stock, valued at $1,319,177.88. This trade represents a 21.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ronald E. Nelson sold 6,395 shares of the stock in a transaction dated 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 approximately $1,393,503.52. The trade was a 27.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 44.70% of the company's stock.

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.