Retirement Systems of Alabama Sells 452 Shares of Columbia Sportswear (NASDAQ:COLM)

Retirement Systems of Alabama cut its position in shares of Columbia Sportswear (NASDAQ:COLM) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,197 shares of the textile maker’s stock after selling 452 shares during the quarter. Retirement Systems of Alabama’s holdings in Columbia Sportswear were worth $3,436,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its position in Columbia Sportswear by 76.2% during the fourth 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 during the period. Fifth Third Bancorp lifted its position in 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 during the period. Signaturefd LLC boosted its stake in Columbia Sportswear by 125.7% during the third quarter. Signaturefd LLC now owns 607 shares of the textile maker’s stock worth $45,000 after acquiring an additional 338 shares in the last quarter. Quent Capital LLC grew its holdings in Columbia Sportswear by 79.6% in the fourth quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock worth $49,000 after purchasing an additional 273 shares during the period. Finally, Planned Solutions Inc. bought a new position in shares of Columbia Sportswear during the fourth quarter valued at approximately $53,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Columbia Sportswear news, Director Ronald E. Nelson sold 5,768 shares of the company’s stock in a transaction that occurred 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 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 filing with the SEC, which can be accessed through this link. In other Columbia Sportswear news, Director Stephen E. Babson sold 2,411 shares of the business’s stock in a transaction dated 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 owns 122,879 shares of the company’s stock, valued at $9,950,741.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald E. Nelson sold 5,768 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $82.05, for a total value 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. Over the last quarter, insiders have sold 15,901 shares of company stock valued at $1,269,159. 44.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Columbia Sportswear from $75.00 to $84.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. UBS Group reduced their price target on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a report on Friday, February 2nd. Finally, StockNews.com cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $75.75.

Columbia Sportswear Stock Performance

Shares of NASDAQ:COLM opened at $82.20 on Wednesday. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 3.37 and a beta of 0.94. The business has a 50-day simple moving average of $78.72 and a two-hundred day simple moving average of $78.47. 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 posted its earnings results on Thursday, April 25th. The textile maker reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.36. The business had revenue of $769.98 million during the quarter, compared to the consensus estimate of $740.62 million. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The firm’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS. As a group, research analysts predict that Columbia Sportswear will post 3.83 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, May 15th. Columbia Sportswear’s dividend payout ratio (DPR) is presently 29.27%.

Columbia Sportswear Profile

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.