Columbia Sportswear (NASDAQ:COLM) Shares Sold by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina reduced its position in Columbia Sportswear (NASDAQ:COLM) by 53.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,394 shares of the textile maker’s stock after selling 16,710 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Columbia Sportswear were worth $1,208,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in shares of Columbia Sportswear by 184.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker’s stock valued at $25,000 after buying an additional 194 shares during the last quarter. GAMMA Investing LLC raised its holdings in Columbia Sportswear by 43.2% in the 4th quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock valued at $50,000 after acquiring an additional 181 shares during the last quarter. Signaturefd LLC raised its holdings in Columbia Sportswear by 18.4% in the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker’s stock valued at $77,000 after acquiring an additional 142 shares during the last quarter. Blue Trust Inc. lifted its stake in Columbia Sportswear by 33.6% in the 4th quarter. Blue Trust Inc. now owns 942 shares of the textile maker’s stock worth $78,000 after purchasing an additional 237 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Columbia Sportswear by 26.8% during the 4th quarter. KBC Group NV now owns 1,975 shares of the textile maker’s stock worth $166,000 after purchasing an additional 418 shares during the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Insider Buying and Selling at Columbia Sportswear

In related news, Director Ronald E. Nelson sold 6,395 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.74, for a total value of $522,727.30. Following the sale, the director now owns 17,048 shares in the company, valued at approximately $1,393,503.52. The trade was a 27.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total value of $369,440.00. Following the transaction, the executive vice president now directly owns 14,283 shares in the company, valued at approximately $1,319,177.88. The trade was a 21.88 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on COLM shares. Stifel Nicolaus cut their price target on Columbia Sportswear from $100.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, April 10th. UBS Group lifted their price target on Columbia Sportswear from $42.00 to $51.00 and gave the stock a “sell” rating in a report on Monday. StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Citigroup restated a “neutral” rating and set a $68.00 price objective (down from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.80.

Columbia Sportswear Trading Up 0.9 %

NASDAQ COLM opened at $65.52 on Friday. The stock has a fifty day simple moving average of $78.22 and a 200-day simple moving average of $82.11. The stock has a market cap of $3.63 billion, a PE ratio of 16.93, a P/E/G ratio of 2.54 and a beta of 0.91. Columbia Sportswear has a twelve month low of $59.07 and a twelve month high of $92.88.

Columbia Sportswear (NASDAQ:COLM) last announced its earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. Research analysts predict that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Monday, March 10th. Columbia Sportswear’s payout ratio is 31.01%.

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.