AGF Management Ltd. Decreases Holdings in Columbia Sportswear (NASDAQ:COLM)

AGF Management Ltd. cut its stake in Columbia Sportswear (NASDAQ:COLM) by 21.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,762 shares of the textile maker’s stock after selling 7,912 shares during the quarter. AGF Management Ltd.’s holdings in Columbia Sportswear were worth $2,498,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in shares of 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 in the last quarter. Boston Trust Walden Corp boosted its holdings in Columbia Sportswear by 0.3% in the 4th quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker’s stock worth $107,778,000 after acquiring an additional 3,214 shares during the period. Geode Capital Management LLC raised its stake in shares of Columbia Sportswear by 0.8% during the third quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker’s stock valued at $50,328,000 after purchasing an additional 4,727 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Columbia Sportswear by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker’s stock worth $47,372,000 after purchasing an additional 13,800 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Columbia Sportswear by 11.6% during the fourth quarter. Bank of New York Mellon Corp now owns 418,531 shares of the textile maker’s stock worth $35,127,000 after purchasing an additional 43,654 shares in the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Columbia Sportswear Price Performance

NASDAQ COLM opened at $77.96 on Friday. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $92.88. The company’s fifty day moving average price is $85.05 and its two-hundred day moving average price is $83.92.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data 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 net margin of 6.63% and a return on equity of 12.23%. As a group, analysts anticipate that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear’s dividend payout ratio is currently 31.01%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on COLM shares. TD Cowen lifted their price target on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus increased their price target on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, December 11th.

Insider Buying and Selling at Columbia Sportswear

In related news, EVP Richelle T. Luther sold 4,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total value of $369,440.00. Following the completion of the transaction, the executive vice president now owns 14,283 shares in the company, valued at $1,319,177.88. This represents a 21.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 owns 17,048 shares in the company, valued at $1,393,503.52. This trade represents a 27.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 44.70% of the stock is owned by company insiders.

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.