Columbia Sportswear (NASDAQ:COLM) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its position in shares of Columbia Sportswear (NASDAQ:COLM) by 6.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 123,562 shares of the textile maker’s stock after selling 8,306 shares during the quarter. Rhumbline Advisers owned approximately 0.22% of Columbia Sportswear worth $9,352,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Columbia Sportswear by 184.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker’s stock worth $25,000 after purchasing an additional 194 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Columbia Sportswear in the 4th quarter worth about $76,000. Signaturefd LLC boosted its stake in Columbia Sportswear by 18.4% in the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker’s stock worth $77,000 after buying an additional 142 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of Columbia Sportswear in the fourth quarter worth approximately $139,000. Finally, Covestor Ltd boosted its position in shares of Columbia Sportswear by 13.0% in the fourth quarter. Covestor Ltd now owns 2,101 shares of the textile maker’s stock worth $177,000 after acquiring an additional 241 shares during the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Insider Activity

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $65.94, for a total transaction of $183,049.44. Following the sale, the director now directly owns 128,309 shares in the company, valued at approximately $8,460,695.46. The trade was a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 44.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group raised their target price on shares of Columbia Sportswear from $42.00 to $51.00 and gave the stock a “sell” rating in a research report on Monday, April 14th. Needham & Company LLC started coverage on shares of Columbia Sportswear in a report on Friday, May 30th. They issued a “hold” rating on the stock. Stifel Nicolaus reduced their target price on Columbia Sportswear from $91.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Citigroup reiterated a “neutral” rating and issued a $68.00 target price (down previously from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. Finally, Barclays reduced their price target on shares of Columbia Sportswear from $64.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.00.

Columbia Sportswear Stock Up 0.8%

Shares of COLM opened at $62.25 on Tuesday. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.54 and a beta of 1.00. The business’s 50 day moving average is $64.73 and its two-hundred day moving average is $77.63. Columbia Sportswear has a 52-week low of $58.44 and a 52-week high of $92.88.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, May 1st. The textile maker reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. The company had revenue of $778.45 million for the quarter, compared to the consensus estimate of $763.50 million. During the same quarter last year, the business posted $0.71 EPS. Columbia Sportswear’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts expect that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were given a $0.30 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $1.20 annualized dividend and a yield of 1.93%. Columbia Sportswear’s dividend payout ratio is presently 30.69%.

Columbia Sportswear Company 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.