EntryPoint Capital LLC Acquires Shares of 3,923 Columbia Sportswear (NASDAQ:COLM)

EntryPoint Capital LLC bought a new position in shares of Columbia Sportswear (NASDAQ:COLM) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 3,923 shares of the textile maker’s stock, valued at approximately $329,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COLM. Boston Trust Walden Corp grew its holdings in Columbia Sportswear by 0.3% during the fourth quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker’s stock valued at $107,778,000 after purchasing an additional 3,214 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Columbia Sportswear by 10.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker’s stock valued at $101,355,000 after buying an additional 109,488 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Columbia Sportswear by 18.0% during the 4th quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker’s stock worth $74,255,000 after acquiring an additional 134,813 shares during the period. Geode Capital Management LLC increased its holdings in Columbia Sportswear by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker’s stock worth $50,328,000 after acquiring an additional 4,727 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Columbia Sportswear by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker’s stock worth $47,372,000 after acquiring an additional 13,800 shares during the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Columbia Sportswear

In related news, EVP Richelle T. Luther sold 4,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 14,283 shares in the company, valued at approximately $1,319,177.88. This represents a 21.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald E. Nelson sold 6,395 shares of the firm’s stock in a transaction that occurred 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 directly owns 17,048 shares in the company, valued at $1,393,503.52. This represents a 27.28 % 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 Stock Performance

Shares of COLM opened at $76.76 on Friday. Columbia Sportswear has a 52-week low of $73.04 and a 52-week high of $92.88. The stock’s 50-day simple moving average is $83.88 and its 200 day simple moving average is $83.61. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results 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, research analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.56%. Columbia Sportswear’s payout ratio is currently 31.01%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Stifel Nicolaus upped their price target on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th.

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.