Wealthfront Advisers LLC Makes New $432,000 Investment in Columbia Sportswear (NASDAQ:COLM)

Wealthfront Advisers LLC bought a new position in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,151 shares of the textile maker's stock, valued at approximately $432,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COLM. Pacer Advisors Inc. increased its holdings in Columbia Sportswear by 19.8% in the third quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker's stock valued at $147,544,000 after buying an additional 292,716 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Columbia Sportswear in the fourth quarter valued at about $6,356,000. Bank of New York Mellon Corp increased its holdings in Columbia Sportswear by 11.6% in the fourth quarter. Bank of New York Mellon Corp now owns 418,531 shares of the textile maker's stock valued at $35,127,000 after buying an additional 43,654 shares during the last quarter. Holocene Advisors LP increased its holdings in Columbia Sportswear by 71.8% in the third quarter. Holocene Advisors LP now owns 57,200 shares of the textile maker's stock valued at $4,758,000 after buying an additional 23,909 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Columbia Sportswear in the fourth quarter valued at about $1,904,000. 47.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus boosted their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. TD Cowen upped their target price on Columbia Sportswear from $70.00 to $84.00 and gave the company a "hold" rating in a report on Tuesday, November 26th. Finally, StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th.

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Columbia Sportswear Stock Down 2.2 %

Shares of NASDAQ:COLM traded down $1.73 during trading on Thursday, hitting $76.36. 664,120 shares of the company traded hands, compared to its average volume of 499,409. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 2.54 and a beta of 0.90. The business's fifty day moving average is $84.72 and its 200-day moving average is $83.86. Columbia Sportswear has a one year low of $73.04 and a one year high of $92.88.

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 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, analysts forecast that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The firm 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 1.57%. Columbia Sportswear's dividend payout ratio is presently 31.01%.

Insider Transactions at Columbia Sportswear

In other news, Director Ronald E. Nelson sold 6,395 shares of the business's stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Richelle T. Luther sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total value of $369,440.00. Following the transaction, the executive vice president now owns 14,283 shares of the company's stock, valued at approximately $1,319,177.88. This 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.

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.