Sanctuary Advisors LLC Makes New $216,000 Investment in Columbia Sportswear (NASDAQ:COLM)

Sanctuary Advisors LLC acquired a new stake in Columbia Sportswear (NASDAQ:COLM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,390 shares of the textile maker’s stock, valued at approximately $216,000.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Columbia Sportswear by 43.2% during the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock worth $50,000 after acquiring an additional 181 shares during the last quarter. Blue Trust Inc. lifted its stake in Columbia Sportswear by 33.6% in the 4th quarter. Blue Trust Inc. now owns 942 shares of the textile maker’s stock worth $78,000 after purchasing an additional 237 shares in the last quarter. KBC Group NV lifted its stake in Columbia Sportswear by 26.8% in the 4th quarter. KBC Group NV now owns 1,975 shares of the textile maker’s stock worth $166,000 after purchasing an additional 418 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in shares of Columbia Sportswear during the 4th quarter valued at about $240,000. Finally, Versor Investments LP purchased a new position in shares of Columbia Sportswear during the third quarter valued at about $358,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Sportswear Trading Up 1.3 %

Shares of NASDAQ COLM opened at $84.36 on Thursday. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $92.88. The firm’s 50-day moving average price is $85.33 and its 200-day moving average price is $83.89. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 2.54 and a beta of 0.93.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data 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, equities analysts predict that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 1.42%. Columbia Sportswear’s dividend payout ratio is presently 31.01%.

Insiders Place Their Bets

In related news, Director Ronald E. Nelson sold 6,395 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.74, for a total value of $522,727.30. Following the sale, the director now directly owns 17,048 shares of the company’s stock, valued at $1,393,503.52. This represents a 27.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the completion of the sale, the executive vice president now directly owns 14,283 shares of the company’s stock, valued at approximately $1,319,177.88. The trade was 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 Analyst Weigh In

A number of equities research analysts recently commented on the company. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. TD Cowen upped their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Finally, Stifel Nicolaus increased their target price on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th.

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.