Amundi Purchases 794 Shares of Columbia Sportswear (NASDAQ:COLM)

Amundi raised its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 40.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,746 shares of the textile maker’s stock after buying an additional 794 shares during the quarter. Amundi’s holdings in Columbia Sportswear were worth $227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Boston Trust Walden Corp grew its holdings in Columbia Sportswear by 0.3% during the 4th quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker’s stock valued at $107,778,000 after buying an additional 3,214 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Columbia Sportswear by 0.8% in 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 in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Columbia Sportswear by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker’s stock valued at $47,372,000 after purchasing an additional 13,800 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Columbia Sportswear by 11.6% in the fourth quarter. Bank of New York Mellon Corp now owns 418,531 shares of the textile maker’s stock valued at $35,127,000 after purchasing an additional 43,654 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Columbia Sportswear by 2.1% in the third quarter. Franklin Resources Inc. now owns 212,061 shares of the textile maker’s stock valued at $16,950,000 after purchasing an additional 4,425 shares in the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Columbia Sportswear Stock Up 0.3 %

NASDAQ COLM opened at $76.57 on Friday. The company has a fifty day moving average of $84.39 and a two-hundred 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 PEG ratio of 2.54 and a beta of 0.90. Columbia Sportswear has a 52 week low of $73.04 and a 52 week high of $92.88.

Columbia Sportswear (NASDAQ:COLM) last posted 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%. Equities research analysts anticipate that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.57%. Columbia Sportswear’s dividend payout ratio (DPR) is 31.01%.

Analyst Ratings Changes

A number of research analysts recently weighed in on COLM shares. StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. TD Cowen raised their target price on shares of Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. Finally, Stifel Nicolaus raised their target price 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.

Insider Transactions at Columbia Sportswear

In other news, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction on 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 sale, the director now directly owns 17,048 shares in the company, valued at approximately $1,393,503.52. This trade represents a 27.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear 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 sale, the executive vice president now owns 14,283 shares of the company’s stock, valued at approximately $1,319,177.88. This trade 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 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.