Truist Financial Corp Has $999,000 Holdings in Columbia Sportswear (NASDAQ:COLM)

Truist Financial Corp increased its holdings in Columbia Sportswear (NASDAQ:COLM - Free Report) by 143.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,907 shares of the textile maker's stock after purchasing an additional 7,019 shares during the period. Truist Financial Corp's holdings in Columbia Sportswear were worth $999,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of COLM. GAMMA Investing LLC boosted its holdings in shares of Columbia Sportswear by 43.2% during the 4th quarter. GAMMA Investing LLC now owns 600 shares of the textile maker's stock worth $50,000 after buying an additional 181 shares during the period. Blue Trust Inc. grew its position in shares of Columbia Sportswear by 33.6% in the fourth quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock valued at $78,000 after purchasing an additional 237 shares during the last quarter. KBC Group NV increased its stake in shares of Columbia Sportswear by 26.8% in the fourth quarter. KBC Group NV now owns 1,975 shares of the textile maker's stock worth $166,000 after purchasing an additional 418 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Columbia Sportswear during the 4th quarter worth about $216,000. Finally, Impact Partnership Wealth LLC bought a new stake in Columbia Sportswear during the 4th quarter valued at approximately $240,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Columbia Sportswear

In other news, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total transaction of $369,440.00. Following the transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald E. Nelson sold 6,395 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction of $522,727.30. Following the completion of the sale, the director now owns 17,048 shares of the company's stock, valued at approximately $1,393,503.52. This represents a 27.28 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by corporate insiders.

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Columbia Sportswear Trading Up 1.3 %

Shares of COLM traded up $1.12 during trading hours on Wednesday, hitting $84.36. 876,191 shares of the stock traded hands, compared to its average volume of 699,988. The business has a fifty day moving average of $85.33 and a 200-day moving average of $83.89. The firm has a market capitalization of $4.82 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 2.54 and a beta of 0.93. Columbia Sportswear has a 1-year low of $73.04 and a 1-year high of $92.88.

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

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.42%. Columbia Sportswear's dividend payout ratio (DPR) is presently 31.01%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus increased their price objective on 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 Columbia Sportswear from $70.00 to $84.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. Finally, StockNews.com cut shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research note 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.