Columbia Sportswear (NASDAQ:COLM) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its stake in Columbia Sportswear (NASDAQ:COLM - Free Report) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,207,605 shares of the textile maker's stock after buying an additional 109,488 shares during the period. Thrivent Financial for Lutherans owned 2.11% of Columbia Sportswear worth $101,355,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in COLM. Empowered Funds LLC increased its stake in Columbia Sportswear by 69.6% in the 3rd quarter. Empowered Funds LLC now owns 8,330 shares of the textile maker's stock worth $693,000 after buying an additional 3,419 shares during the period. Natixis Advisors LLC increased its stake in Columbia Sportswear by 12.4% in the 3rd quarter. Natixis Advisors LLC now owns 96,800 shares of the textile maker's stock worth $8,053,000 after buying an additional 10,675 shares during the period. Pacer Advisors Inc. increased its position in Columbia Sportswear by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker's stock valued at $147,544,000 after purchasing an additional 292,716 shares during the period. Charles Schwab Investment Management Inc. increased its position in Columbia Sportswear by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 550,622 shares of the textile maker's stock valued at $45,806,000 after purchasing an additional 1,758 shares during the period. Finally, FMR LLC increased its position in Columbia Sportswear by 0.7% during the 3rd quarter. FMR LLC now owns 180,094 shares of the textile maker's stock valued at $14,982,000 after purchasing an additional 1,243 shares during the period. Hedge funds and other institutional investors own 47.76% of the company's stock.

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Columbia Sportswear Stock Up 0.3 %

Shares of Columbia Sportswear stock traded up $0.21 on Friday, reaching $76.57. The stock had a trading volume of 2,337,785 shares, compared to its average volume of 507,725. The company has a 50 day moving average price of $84.39 and a 200 day moving average price of $83.75. Columbia Sportswear has a 1 year low of $73.04 and a 1 year high of $92.88. The stock has a market capitalization of $4.24 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.54 and a beta of 0.90.

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

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Monday, March 10th. Columbia Sportswear's payout ratio is currently 31.01%.

Insider Transactions at Columbia Sportswear

In related news, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction that occurred 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 completion of the sale, the director now directly 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 44.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on COLM shares. Stifel Nicolaus raised their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. TD Cowen raised their target price on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a "hold" rating in a research report on Tuesday, November 26th. Finally, StockNews.com downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th.

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.