Aquatic Capital Management LLC Takes Position in Columbia Sportswear (NASDAQ:COLM)

Aquatic Capital Management LLC acquired a new position in Columbia Sportswear (NASDAQ:COLM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,999 shares of the textile maker’s stock, valued at approximately $1,427,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in shares of Columbia Sportswear by 184.8% in the 4th 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 boosted its holdings in Columbia Sportswear by 43.2% in the fourth 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 increased its position in Columbia Sportswear by 18.4% during the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker’s stock valued at $77,000 after purchasing an additional 142 shares during the period. Blue Trust Inc. raised its holdings in Columbia Sportswear by 33.6% during 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 during the last quarter. Finally, KBC Group NV lifted its position in shares of Columbia Sportswear by 26.8% in 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 period. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of the stock in a transaction dated 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 sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $369,440.00. Following the completion of the transaction, the executive vice president now owns 14,283 shares in the company, valued at $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 currently owned by corporate insiders.

Analyst Ratings Changes

COLM has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Columbia Sportswear from $100.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Barclays began coverage on Columbia Sportswear in a research note on Monday. They issued an “equal weight” rating and a $64.00 price objective on the stock. Citigroup reaffirmed a “neutral” rating and set a $68.00 target price (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, UBS Group raised their price objective 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $73.00.

Columbia Sportswear Stock Down 2.0 %

Shares of COLM opened at $62.74 on Wednesday. Columbia Sportswear has a 12-month low of $59.07 and a 12-month high of $92.88. The stock has a market cap of $3.46 billion, a P/E ratio of 16.21, a P/E/G ratio of 2.54 and a beta of 0.91. The business’s fifty day moving average is $74.71 and its 200 day moving average is $81.07.

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

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.