International Assets Investment Management LLC Invests $6.98 Million in Columbia Sportswear (NASDAQ:COLM)

International Assets Investment Management LLC acquired a new position in shares of Columbia Sportswear (NASDAQ:COLM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 87,776 shares of the textile maker’s stock, valued at approximately $6,982,000.

Other institutional investors also recently modified their holdings of the company. Quent Capital LLC grew its holdings in shares of Columbia Sportswear by 404.4% during the 3rd quarter. Quent Capital LLC now owns 343 shares of the textile maker’s stock worth $25,000 after purchasing an additional 275 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Columbia Sportswear during the 3rd quarter worth approximately $25,000. Advisory Services Network LLC grew its holdings in shares of Columbia Sportswear by 176.1% during the 1st quarter. Advisory Services Network LLC now owns 312 shares of the textile maker’s stock worth $28,000 after purchasing an additional 199 shares in the last quarter. Quarry LP acquired a new stake in shares of Columbia Sportswear during the 2nd quarter worth approximately $33,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Columbia Sportswear by 76.2% during the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock worth $36,000 after purchasing an additional 195 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on COLM shares. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. UBS Group decreased their price target on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $78.00.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Ronald E. Nelson sold 5,768 shares of Columbia Sportswear stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total value of $473,264.40. Following the completion of the transaction, the director now owns 16,857 shares in the company, valued at approximately $1,383,116.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Stephen E. Babson sold 2,411 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $80.98, for a total transaction of $195,242.78. Following the completion of the sale, the director now owns 122,879 shares in the company, valued at $9,950,741.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ronald E. Nelson sold 5,768 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total value of $473,264.40. Following the sale, the director now owns 16,857 shares of the company’s stock, valued at approximately $1,383,116.85. The disclosure for this sale can be found here. Corporate insiders own 43.00% of the company’s stock.

Columbia Sportswear Price Performance

Shares of COLM stock opened at $74.80 on Monday. The stock’s fifty day simple moving average is $79.30 and its 200 day simple moving average is $77.68. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 3.06 and a beta of 0.94. Columbia Sportswear has a one year low of $66.01 and a one year high of $90.04.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, February 1st. The textile maker reported $1.86 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.14). Columbia Sportswear had a net margin of 7.21% and a return on equity of 14.11%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. On average, research analysts anticipate that Columbia Sportswear will post 3.7 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.20 annualized dividend and a yield of 1.60%. Columbia Sportswear’s payout ratio is 29.06%.

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.