Sequoia Financial Advisors LLC Invests $299,000 in Columbia Sportswear (NASDAQ:COLM)

Sequoia Financial Advisors LLC acquired a new position in shares of Columbia Sportswear (NASDAQ:COLM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 3,755 shares of the textile maker’s stock, valued at approximately $299,000.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of Columbia Sportswear during the 4th quarter worth approximately $6,982,000. Comerica Bank increased its stake in shares of Columbia Sportswear by 67.5% during the 3rd quarter. Comerica Bank now owns 57,191 shares of the textile maker’s stock worth $4,238,000 after purchasing an additional 23,055 shares in the last quarter. Quadrature Capital Ltd increased its stake in shares of Columbia Sportswear by 107.6% during the 3rd quarter. Quadrature Capital Ltd now owns 90,642 shares of the textile maker’s stock worth $6,718,000 after purchasing an additional 46,972 shares in the last quarter. Morgan Stanley increased its stake in shares of Columbia Sportswear by 9.2% during the 3rd quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker’s stock worth $322,530,000 after purchasing an additional 366,854 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Columbia Sportswear during the 3rd quarter worth approximately $1,264,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

Columbia Sportswear Stock Performance

COLM stock opened at $75.54 on Friday. The stock has a market capitalization of $4.57 billion, a P/E ratio of 18.29, a PEG ratio of 3.06 and a beta of 0.94. The company has a 50 day moving average price of $79.08 and a two-hundred day moving average price of $77.67. 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 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.14). The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. Columbia Sportswear had a net margin of 7.21% and a return on equity of 14.11%. Research analysts forecast that Columbia Sportswear will post 3.7 earnings per share for the current fiscal year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.59%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 29.06%.

Analyst Ratings Changes

COLM has been the subject of several recent analyst reports. StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. UBS Group lowered 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 note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the stock 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 Stephen E. Babson sold 2,411 shares of Columbia Sportswear 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 transaction, the director now owns 122,879 shares in the company, valued at approximately $9,950,741.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Ronald E. Nelson sold 5,768 shares of Columbia Sportswear stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total transaction of $473,264.40. Following the transaction, the director now owns 16,857 shares in the company, valued at approximately $1,383,116.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen E. Babson sold 2,411 shares of Columbia Sportswear stock in a transaction on Monday, February 12th. The shares were sold at an average price of $80.98, for a total transaction of $195,242.78. Following the transaction, the director now owns 122,879 shares in the company, valued at approximately $9,950,741.42. The disclosure for this sale can be found here. 43.00% of the stock is owned by company insiders.

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.