Barclays PLC Increases Position in Columbia Sportswear (NASDAQ:COLM)

Barclays PLC boosted its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 487.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,293 shares of the textile maker’s stock after purchasing an additional 225,140 shares during the quarter. Barclays PLC owned about 0.47% of Columbia Sportswear worth $22,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COLM. Boston Trust Walden Corp raised its stake in shares of Columbia Sportswear by 0.3% during the 4th quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker’s stock worth $107,778,000 after acquiring an additional 3,214 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Columbia Sportswear by 10.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker’s stock valued at $101,355,000 after purchasing an additional 109,488 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Columbia Sportswear by 18.0% in the 4th quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker’s stock worth $74,255,000 after purchasing an additional 134,813 shares in the last quarter. Geode Capital Management LLC increased its position in Columbia Sportswear by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker’s stock valued at $50,328,000 after buying an additional 4,727 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Columbia Sportswear by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker’s stock worth $47,372,000 after acquiring an additional 13,800 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on COLM. Citigroup reiterated a “neutral” rating and issued a $68.00 target price (down from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. UBS Group raised their target price on Columbia Sportswear from $42.00 to $51.00 and gave the stock a “sell” rating in a research note on Monday, April 14th. StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus cut their price target on shares of Columbia Sportswear from $100.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Columbia Sportswear has a consensus rating of “Hold” and an average price target of $74.80.

Columbia Sportswear Price Performance

COLM opened at $65.52 on Friday. The stock has a market cap of $3.63 billion, a P/E ratio of 16.93, a P/E/G ratio of 2.54 and a beta of 0.91. The firm has a fifty day moving average price of $77.71 and a 200 day moving average price of $81.86. Columbia Sportswear has a 1 year low of $59.07 and a 1 year high of $92.88.

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

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.83%. The ex-dividend date was Monday, March 10th. Columbia Sportswear’s payout ratio is presently 31.01%.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, EVP Richelle T. Luther sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald E. Nelson sold 6,395 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total value of $522,727.30. Following the completion of the transaction, the director now owns 17,048 shares in the company, valued at approximately $1,393,503.52. This trade represents a 27.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 44.70% of the company’s stock.

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.