Columbia Sportswear (NASDAQ:COLM) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in Columbia Sportswear (NASDAQ:COLM) by 183.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,667 shares of the textile maker’s stock after purchasing an additional 28,278 shares during the quarter. Quantbot Technologies LP owned 0.08% of Columbia Sportswear worth $3,665,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Magnetar Financial LLC acquired a new stake in Columbia Sportswear during the 4th quarter worth about $448,000. Xponance Inc. grew its position in Columbia Sportswear by 7.7% in the fourth quarter. Xponance Inc. now owns 3,804 shares of the textile maker’s stock worth $319,000 after acquiring an additional 273 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Columbia Sportswear by 10.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker’s stock worth $101,355,000 after buying an additional 109,488 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Columbia Sportswear by 18.4% during the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker’s stock valued at $77,000 after acquiring an additional 142 shares during the last quarter. Finally, Natixis Advisors LLC grew its holdings in Columbia Sportswear by 48.6% during the fourth quarter. Natixis Advisors LLC now owns 143,831 shares of the textile maker’s stock valued at $12,072,000 after purchasing an additional 47,031 shares during the last quarter. 47.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

COLM has been the subject of several research analyst reports. TD Cowen upped their target price on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Stifel Nicolaus lifted their price target on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th.

Columbia Sportswear Stock Up 0.3 %

Shares of COLM stock opened at $76.57 on Friday. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $92.88. The firm has a fifty day moving average of $84.39 and a 200-day moving average of $83.73. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90.

Columbia Sportswear (NASDAQ:COLM) last released 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%. Research analysts expect that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors 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 Activity

In other news, Director Ronald E. Nelson sold 6,395 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $81.74, for a total transaction of $522,727.30. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Richelle T. Luther sold 4,000 shares of the firm’s stock in a transaction 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 directly 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. Corporate 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.