Treasurer of the State of North Carolina Buys 200 Shares of Columbia Sportswear (NASDAQ:COLM)

Treasurer of the State of North Carolina boosted its stake in shares of Columbia Sportswear (NASDAQ:COLM – Get Rating) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,636 shares of the textile maker’s stock after buying an additional 200 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Columbia Sportswear were worth $1,369,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Raymond James & Associates increased its position in Columbia Sportswear by 32.8% during the 4th quarter. Raymond James & Associates now owns 32,426 shares of the textile maker’s stock valued at $2,840,000 after purchasing an additional 8,016 shares during the period. UBS Group AG increased its position in Columbia Sportswear by 181.1% during the 4th quarter. UBS Group AG now owns 20,436 shares of the textile maker’s stock valued at $1,790,000 after purchasing an additional 13,167 shares during the period. Swiss National Bank increased its position in Columbia Sportswear by 0.5% during the 4th quarter. Swiss National Bank now owns 82,400 shares of the textile maker’s stock valued at $7,217,000 after purchasing an additional 400 shares during the period. Arizona State Retirement System increased its position in Columbia Sportswear by 2.6% during the 4th quarter. Arizona State Retirement System now owns 9,636 shares of the textile maker’s stock valued at $844,000 after purchasing an additional 240 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in Columbia Sportswear by 1.0% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 30,732 shares of the textile maker’s stock valued at $2,692,000 after purchasing an additional 300 shares during the period. Institutional investors own 48.75% of the company’s stock.

Columbia Sportswear Trading Down 1.5 %

NASDAQ:COLM opened at $75.75 on Friday. The company has a market cap of $4.70 billion, a PE ratio of 16.22, a P/E/G ratio of 1.16 and a beta of 0.95. Columbia Sportswear has a twelve month low of $65.02 and a twelve month high of $98.32. The company’s 50 day moving average is $85.14 and its two-hundred day moving average is $86.82.

Columbia Sportswear (NASDAQ:COLM – Get Rating) last released its earnings results on Thursday, April 27th. The textile maker reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.14). The company had revenue of $820.60 million for the quarter, compared to analysts’ expectations of $799.71 million. Columbia Sportswear had a return on equity of 17.10% and a net margin of 8.25%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 EPS. As a group, analysts expect that Columbia Sportswear will post 5.25 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, May 18th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Wednesday, May 17th. Columbia Sportswear’s dividend payout ratio is presently 25.70%.

Insiders Place Their Bets

In other Columbia Sportswear news, Director Ronald E. Nelson sold 7,394 shares of Columbia Sportswear stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $76.32, for a total transaction of $564,310.08. Following the completion of the sale, the director now directly owns 16,857 shares in the company, valued at approximately $1,286,526.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Columbia Sportswear news, Director Ronald E. Nelson sold 7,394 shares of Columbia Sportswear stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $76.32, for a total transaction of $564,310.08. Following the completion of the sale, the director now directly owns 16,857 shares in the company, valued at approximately $1,286,526.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sabrina Simmons sold 982 shares of Columbia Sportswear stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $82.52, for a total transaction of $81,034.64. Following the sale, the director now owns 4,913 shares of the company’s stock, valued at $405,420.76. The disclosure for this sale can be found here. 42.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

COLM has been the topic of a number of research reports. UBS Group cut their target price on shares of Columbia Sportswear from $96.00 to $92.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 29th. Citigroup raised their target price on shares of Columbia Sportswear from $80.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, February 6th. Bank of America lifted their price objective on shares of Columbia Sportswear from $65.00 to $75.00 in a research report on Sunday, February 5th. Piper Sandler cut their price objective on shares of Columbia Sportswear from $92.00 to $90.00 in a research report on Friday, April 28th. Finally, Robert W. Baird lifted their price objective on shares of Columbia Sportswear from $92.00 to $97.00 in a research report on Friday, February 3rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $88.13.

Columbia Sportswear Profile

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Columbia Sportswear Co engages in designing, sourcing, marketing, and distributing outdoor and active lifestyle apparel, footwear, accessories, and equipment. It operates through the following geographical segments: the United States, Latin America and Asia Pacific, Europe, Middle East, and Africa, and Canada.