Charles Schwab Investment Management Inc. Acquires 13,800 Shares of Columbia Sportswear (NASDAQ:COLM)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 564,422 shares of the textile maker’s stock after buying an additional 13,800 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.99% of Columbia Sportswear worth $47,372,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Truist Financial Corp lifted 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 valued at $999,000 after purchasing an additional 7,019 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Columbia Sportswear during the fourth quarter valued at approximately $1,472,000. Impact Partnership Wealth LLC purchased a new position in Columbia Sportswear during the fourth quarter valued at approximately $240,000. Assenagon Asset Management S.A. purchased a new position in Columbia Sportswear during the fourth quarter valued at approximately $6,356,000. Finally, Impax Asset Management Group plc lifted its holdings in Columbia Sportswear by 79.2% during the third quarter. Impax Asset Management Group plc now owns 90,515 shares of the textile maker’s stock valued at $7,530,000 after purchasing an additional 40,000 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors.

Columbia Sportswear Stock Performance

COLM stock opened at $78.42 on Friday. The company has a market capitalization of $4.34 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90. The company’s fifty day moving average price is $84.96 and its 200-day moving average price is $83.88. Columbia Sportswear has a one year low of $73.04 and a one year high of $92.88.

Columbia Sportswear (NASDAQ:COLM) last released 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 net margin of 6.63% and a return on equity of 12.23%. On average, research analysts predict that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The firm also recently declared 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. This represents a $1.20 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear’s payout ratio is 31.01%.

Insider Activity at Columbia Sportswear

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of the business’s stock in a transaction 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 transaction, the director now owns 17,048 shares in the company, valued at $1,393,503.52. The trade was a 27.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Richelle T. Luther sold 4,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total transaction of $369,440.00. Following the transaction, the executive vice president now owns 14,283 shares in the company, valued at $1,319,177.88. This trade represents a 21.88 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, TD Cowen boosted their target price on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a 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.