Columbia Sportswear (NASDAQ:COLM) Shares Sold by Arizona State Retirement System

Arizona State Retirement System reduced its position in shares of Columbia Sportswear (NASDAQ:COLM) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,287 shares of the textile maker’s stock after selling 311 shares during the period. Arizona State Retirement System’s holdings in Columbia Sportswear were worth $818,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in COLM. Advisors Asset Management Inc. acquired a new stake in shares of Columbia Sportswear during the 3rd quarter valued at approximately $25,000. Advisory Services Network LLC raised its position 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 valued at $28,000 after acquiring an additional 199 shares in the last quarter. Quarry LP acquired a new stake in shares of Columbia Sportswear during the 2nd quarter valued at approximately $33,000. Venturi Wealth Management LLC raised its position 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 valued at $36,000 after acquiring an additional 195 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Columbia Sportswear by 44.3% during the 3rd quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 154 shares in the last quarter. 47.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Stephen E. Babson sold 2,411 shares of the company’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 directly owns 122,879 shares of the company’s stock, valued at $9,950,741.42. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Ronald E. Nelson sold 5,768 shares of the company’s stock in a transaction 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 sale, the director now directly owns 16,857 shares of the company’s stock, valued at $1,383,116.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen E. Babson sold 2,411 shares of the company’s stock in a transaction 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 sale, the director now directly owns 122,879 shares of the company’s stock, valued at $9,950,741.42. The disclosure for this sale can be found here. Insiders own 43.00% of the company’s stock.

Analysts Set New Price Targets

COLM has been the subject of a number of recent research reports. UBS Group lowered their price objective on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a research note on Friday, February 2nd. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $78.00.

Columbia Sportswear Stock Performance

NASDAQ:COLM opened at $75.00 on Thursday. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $90.04. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 3.03 and a beta of 0.94. The business has a fifty day moving average of $79.14 and a 200-day moving average of $77.68.

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

Columbia Sportswear Dividend Announcement

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

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.