Illinois Municipal Retirement Fund Increases Position in Columbia Sportswear (NASDAQ:COLM)

Illinois Municipal Retirement Fund lifted its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 31.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,577 shares of the textile maker’s stock after acquiring an additional 7,310 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Columbia Sportswear were worth $2,566,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Amalgamated Bank grew its stake in Columbia Sportswear by 1.0% in the 4th quarter. Amalgamated Bank now owns 15,337 shares of the textile maker’s stock valued at $1,287,000 after purchasing an additional 146 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Columbia Sportswear by 11.6% in the 4th quarter. Bank of New York Mellon Corp now owns 418,531 shares of the textile maker’s stock worth $35,127,000 after buying an additional 43,654 shares during the last quarter. Handelsbanken Fonder AB grew its position in Columbia Sportswear by 3.9% during the fourth quarter. Handelsbanken Fonder AB now owns 10,658 shares of the textile maker’s stock valued at $895,000 after buying an additional 400 shares during the period. Truist Financial Corp increased its holdings in Columbia Sportswear by 143.6% during the fourth quarter. Truist Financial Corp now owns 11,907 shares of the textile maker’s stock worth $999,000 after buying an additional 7,019 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Columbia Sportswear during the fourth quarter worth about $216,000. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Stock Down 1.5 %

Shares of NASDAQ:COLM opened at $89.64 on Friday. The firm has a market capitalization of $5.13 billion, a PE ratio of 23.16, a P/E/G ratio of 2.54 and a beta of 0.93. The company has a 50-day moving average price of $85.46 and a two-hundred day moving average price of $83.69. Columbia Sportswear has a twelve month low of $73.04 and a twelve month high of $92.88.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data 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%. Analysts anticipate 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 of this dividend is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.34%. Columbia Sportswear’s payout ratio is 31.01%.

Insider Buying and Selling

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear 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 completion of the transaction, the director now owns 17,048 shares of the company’s stock, valued at $1,393,503.52. The trade was a 27.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 44.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Stifel Nicolaus increased 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. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, 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.

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.