New York State Common Retirement Fund Sells 4,312 Shares of Columbia Sportswear (NASDAQ:COLM)

New York State Common Retirement Fund decreased its position in shares of Columbia Sportswear (NASDAQ:COLM) by 2.2% during the fourth quarter, HoldingsChannel reports. The firm owned 189,408 shares of the textile maker’s stock after selling 4,312 shares during the period. New York State Common Retirement Fund’s holdings in Columbia Sportswear were worth $15,066,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised 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 valued at $36,000 after buying an additional 195 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Columbia Sportswear by 44.3% in the 3rd quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock worth $37,000 after acquiring an additional 154 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Columbia Sportswear by 125.7% in the 3rd quarter. Signaturefd LLC now owns 607 shares of the textile maker’s stock worth $45,000 after acquiring an additional 338 shares during the last quarter. Quent Capital LLC boosted its stake in shares of Columbia Sportswear by 79.6% in the 4th quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 273 shares in the last quarter. Finally, Planned Solutions Inc. bought a new position in shares of Columbia Sportswear during the 4th quarter valued at $53,000. Institutional investors own 47.76% of the company’s stock.

Insider Activity at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,411 shares of the company’s stock in a transaction dated 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 owns 122,879 shares in the company, valued at $9,950,741.42. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Ronald E. Nelson sold 5,768 shares of the stock in a transaction dated Thursday, February 22nd. The shares were 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 of the company’s stock, valued at approximately $1,383,116.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen E. Babson sold 2,411 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $80.98, for a total transaction of $195,242.78. Following the sale, the director now owns 122,879 shares of the company’s stock, 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.

Columbia Sportswear Stock Performance

COLM stock opened at $79.09 on Tuesday. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 3.27 and a beta of 0.94. The business’s 50 day moving average price is $78.76 and its two-hundred day moving average price is $78.15. Columbia Sportswear has a fifty-two week low of $66.01 and a fifty-two week high of $86.11.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.36. The company had revenue of $769.98 million for the quarter, compared to analysts’ expectations of $740.62 million. Columbia Sportswear had a return on equity of 13.98% and a net margin of 7.20%. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 earnings per share. Sell-side analysts forecast that Columbia Sportswear will post 3.69 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.52%. Columbia Sportswear’s payout ratio is 29.27%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group cut their price target 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. Stifel Nicolaus increased their target price on Columbia Sportswear from $75.00 to $84.00 and gave the company a “hold” rating in a report on Friday. Finally, StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $75.75.

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.