Columbia Sportswear (NASDAQ:COLM) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,030,545 shares of the textile maker’s stock after selling 35,195 shares during the quarter. Vanguard Group Inc. owned approximately 5.30% of Columbia Sportswear worth $254,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COLM. American Century Companies Inc. boosted its holdings in shares of Columbia Sportswear by 18.0% during the fourth quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker’s stock worth $74,255,000 after purchasing an additional 134,813 shares during the last quarter. Thrivent Financial for Lutherans increased its stake 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 acquiring an additional 109,488 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Columbia Sportswear during the 4th quarter worth about $6,356,000. Natixis Advisors LLC grew its holdings in Columbia Sportswear by 48.6% in the fourth quarter. Natixis Advisors LLC now owns 143,831 shares of the textile maker’s stock valued at $12,072,000 after purchasing an additional 47,031 shares during the period. Finally, Bank of New York Mellon Corp increased its position in 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 during the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Analyst Upgrades and Downgrades

COLM has been the topic of a number of research analyst reports. StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Stifel Nicolaus boosted their price target on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th.

Insider Activity

In other Columbia Sportswear news, EVP Richelle T. Luther sold 4,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 14,283 shares of the company’s stock, valued at $1,319,177.88. This represents a 21.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 owns 17,048 shares of the company’s stock, valued at approximately $1,393,503.52. This trade represents a 27.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 44.70% of the company’s stock.

Columbia Sportswear Stock Up 2.5 %

Columbia Sportswear stock opened at $68.84 on Friday. The firm has a fifty day moving average of $82.29 and a 200-day moving average of $83.26. Columbia Sportswear has a 52-week low of $64.85 and a 52-week high of $92.88. The firm has a market capitalization of $3.81 billion, a P/E ratio of 17.79, a PEG ratio of 2.54 and a beta of 0.90.

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 net margin of 6.63% and a return on equity of 12.23%. On average, research analysts expect that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The company 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 was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.74%. Columbia Sportswear’s payout ratio is currently 31.01%.

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.