Columbia Sportswear (NASDAQ:COLM) Shares Sold by US Bancorp DE

US Bancorp DE lowered its position in Columbia Sportswear (NASDAQ:COLM) by 33.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,900 shares of the textile maker’s stock after selling 958 shares during the quarter. US Bancorp DE’s holdings in Columbia Sportswear were worth $159,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cairn Investment Group Inc. raised its stake in shares of Columbia Sportswear by 0.3% in the 4th quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker’s stock valued at $3,750,000 after purchasing an additional 145 shares in the last quarter. Amalgamated Bank raised its stake in shares of Columbia Sportswear by 1.0% in the 4th quarter. Amalgamated Bank now owns 15,337 shares of the textile maker’s stock valued at $1,287,000 after purchasing an additional 146 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Columbia Sportswear by 43.2% in the 4th quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock valued at $50,000 after purchasing an additional 181 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Columbia Sportswear by 33.6% in the 4th quarter. Blue Trust Inc. now owns 942 shares of the textile maker’s stock valued at $78,000 after purchasing an additional 237 shares in the last quarter. Finally, Paragon Capital Management Inc. raised its stake in shares of Columbia Sportswear by 1.4% in the 4th quarter. Paragon Capital Management Inc. now owns 24,350 shares of the textile maker’s stock valued at $2,044,000 after purchasing an additional 348 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Stock Up 0.6 %

COLM opened at $78.42 on Friday. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90. Columbia Sportswear has a fifty-two week low of $73.04 and a fifty-two week high of $92.88. The company’s 50-day moving average price is $84.87 and its 200 day moving average price is $83.85.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share 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%. Research analysts anticipate that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Monday, March 10th. Columbia Sportswear’s dividend payout ratio (DPR) is 31.01%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of the company’s 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 completion of the transaction, the director now owns 17,048 shares in the company, valued at approximately $1,393,503.52. This represents a 27.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Richelle T. Luther sold 4,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 14,283 shares of the company’s stock, valued at $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. 44.70% of the stock is owned by insiders.

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.