Federated Hermes Inc. Boosts Stock Position in Columbia Sportswear (NASDAQ:COLM)

Federated Hermes Inc. increased its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,266 shares of the textile maker’s stock after purchasing an additional 4,311 shares during the quarter. Federated Hermes Inc.’s holdings in Columbia Sportswear were worth $12,907,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley boosted its stake in Columbia Sportswear by 9.2% in the 3rd quarter. Morgan Stanley now owns 4,352,622 shares of the textile maker’s stock worth $322,530,000 after buying an additional 366,854 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Columbia Sportswear by 13.4% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,469,768 shares of the textile maker’s stock worth $108,910,000 after buying an additional 173,291 shares during the last quarter. Boston Trust Walden Corp boosted its stake in Columbia Sportswear by 30.9% in the 4th quarter. Boston Trust Walden Corp now owns 1,294,410 shares of the textile maker’s stock worth $102,957,000 after buying an additional 305,592 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Columbia Sportswear by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 497,734 shares of the textile maker’s stock worth $36,882,000 after buying an additional 13,400 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Columbia Sportswear by 89.5% in the 3rd quarter. Invesco Ltd. now owns 475,945 shares of the textile maker’s stock worth $35,268,000 after buying an additional 224,755 shares during the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Stock Performance

Columbia Sportswear stock opened at $78.99 on Wednesday. The stock’s 50 day moving average price is $78.93 and its 200 day moving average price is $77.85. The firm has a market capitalization of $4.70 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 3.13 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 released 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). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.08 billion. Columbia Sportswear had a return on equity of 14.11% and a net margin of 7.21%. On average, analysts forecast 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. Investors of record on Friday, March 8th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, March 7th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 29.06%.

Insider Buying and Selling

In related news, Director Ronald E. Nelson sold 5,768 shares of the business’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 transaction, the director now directly owns 16,857 shares of the company’s stock, valued at approximately $1,383,116.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Columbia Sportswear news, Director Ronald E. Nelson sold 5,768 shares of Columbia Sportswear 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 sale, the director now directly 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 available through the SEC website. Also, Director Stephen E. Babson sold 2,411 shares of Columbia Sportswear stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $80.98, for a total value of $195,242.78. Following the sale, the director now owns 122,879 shares in the company, valued at $9,950,741.42. The disclosure for this sale can be found here. 43.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on COLM. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. UBS Group reduced their price objective 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 analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, Columbia Sportswear presently has an average rating of “Hold” and an average price target of $78.00.

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.