Raymond James & Associates Reduces Stock Position in Columbia Sportswear (NASDAQ:COLM)

Raymond James & Associates lowered its position in shares of Columbia Sportswear (NASDAQ:COLM) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,932 shares of the textile maker’s stock after selling 1,990 shares during the period. Raymond James & Associates’ holdings in Columbia Sportswear were worth $2,619,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Legato Capital Management LLC purchased a new stake in Columbia Sportswear during the 4th quarter valued at $1,489,000. Cascade Investment Advisors Inc. boosted its position in Columbia Sportswear by 1.0% during the 4th quarter. Cascade Investment Advisors Inc. now owns 20,085 shares of the textile maker’s stock valued at $1,598,000 after buying an additional 205 shares during the period. Vest Financial LLC purchased a new stake in Columbia Sportswear during the 4th quarter valued at $232,000. Teachers Retirement System of The State of Kentucky boosted its position in Columbia Sportswear by 93.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 12,076 shares of the textile maker’s stock valued at $895,000 after buying an additional 5,824 shares during the period. Finally, Wellington Management Group LLP boosted its position in Columbia Sportswear by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 154,267 shares of the textile maker’s stock valued at $11,431,000 after buying an additional 31,017 shares during the period. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Price Performance

Shares of NASDAQ COLM opened at $74.21 on Tuesday. The stock has a market cap of $4.49 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 3.06 and a beta of 0.94. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $90.04. The firm has a 50-day moving average of $79.23 and a 200 day moving average of $77.69.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings data on Thursday, February 1st. The textile maker reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.14). The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. Columbia Sportswear had a net margin of 7.21% and a return on equity of 14.11%. Research analysts expect that Columbia Sportswear will post 3.7 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.62%. Columbia Sportswear’s dividend payout ratio is presently 29.06%.

Analyst Ratings Changes

Several research firms have recently commented on COLM. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. UBS Group dropped their target price on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $78.00.

Insider Transactions at Columbia Sportswear

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

About Columbia Sportswear

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.