Sterling Capital Management LLC Has $7.10 Million Stock Position in Columbia Sportswear (NASDAQ:COLM)

Sterling Capital Management LLC decreased its holdings in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,586 shares of the textile maker's stock after selling 10,773 shares during the quarter. Sterling Capital Management LLC owned about 0.15% of Columbia Sportswear worth $7,099,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in Columbia Sportswear by 2.5% in 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 purchasing an additional 13,800 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Columbia Sportswear during the 4th quarter worth $1,904,000. Proficio Capital Partners LLC acquired a new stake in Columbia Sportswear during the 4th quarter worth $1,472,000. Truist Financial Corp lifted its holdings 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 acquiring an additional 7,019 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in shares of Columbia Sportswear during the 4th quarter valued at about $296,000. 47.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on COLM shares. StockNews.com downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Citigroup reiterated a "neutral" rating and set a $68.00 target price (down previously from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. UBS Group boosted their price target on Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a report on Monday. Finally, Stifel Nicolaus reduced their price objective on Columbia Sportswear from $100.00 to $91.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $74.80.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was 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 in the company, valued at $1,393,503.52. This trade represents a 27.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richelle T. Luther sold 4,000 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were 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 approximately $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. Insiders own 44.70% of the company's stock.

Columbia Sportswear Trading Up 0.6 %

Shares of COLM traded up $0.38 during midday trading on Thursday, reaching $65.29. The stock had a trading volume of 355,466 shares, compared to its average volume of 784,601. The firm has a market cap of $3.61 billion, a PE ratio of 16.88, a P/E/G ratio of 2.54 and a beta of 0.91. The firm has a 50 day simple moving average of $78.22 and a 200-day simple moving average of $82.11. Columbia Sportswear has a one year low of $59.07 and a one year high of $92.88.

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

Columbia Sportswear Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Monday, March 10th. Columbia Sportswear's payout ratio is 31.01%.

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.