Rhumbline Advisers Boosts Position in Columbia Sportswear (NASDAQ:COLM)

Rhumbline Advisers grew its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,868 shares of the textile maker’s stock after buying an additional 3,431 shares during the quarter. Rhumbline Advisers owned 0.23% of Columbia Sportswear worth $11,068,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in shares of Columbia Sportswear by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,773,584 shares of the textile maker’s stock valued at $147,544,000 after acquiring an additional 292,716 shares in the last quarter. Boston Trust Walden Corp lifted its stake in shares of Columbia Sportswear by 0.3% during the fourth quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker’s stock worth $107,778,000 after purchasing an additional 3,214 shares in the last quarter. Geode Capital Management LLC lifted 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 worth $50,328,000 after purchasing an additional 4,727 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Columbia Sportswear by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 550,622 shares of the textile maker’s stock worth $45,806,000 after buying an additional 1,758 shares during the period. Finally, New York State Common Retirement Fund grew its stake in shares of Columbia Sportswear by 39.6% in the third quarter. New York State Common Retirement Fund now owns 259,406 shares of the textile maker’s stock valued at $21,580,000 after buying an additional 73,602 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Stock Performance

Shares of COLM opened at $90.72 on Monday. Columbia Sportswear has a one year low of $73.04 and a one year high of $92.09. The stock has a 50-day moving average price of $85.33 and a 200 day moving average price of $83.49. The company has a market capitalization of $5.19 billion, a P/E ratio of 23.44, a P/E/G ratio of 2.54 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results 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%. As a group, equities research analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.32%. The ex-dividend date is Monday, March 10th. Columbia Sportswear’s dividend payout ratio is currently 31.01%.

Insider Transactions at Columbia Sportswear

In related news, Director Ronald E. Nelson sold 6,395 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 17,048 shares of the company’s stock, valued at approximately $1,393,503.52. This represents a 27.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 44.70% of the company’s stock.

Wall Street Analyst Weigh In

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

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.