Trexquant Investment LP Boosts Holdings in Columbia Sportswear (NASDAQ:COLM)

Trexquant Investment LP increased its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 58.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 39,446 shares of the textile maker’s stock after purchasing an additional 14,588 shares during the quarter. Trexquant Investment LP owned 0.07% of Columbia Sportswear worth $3,138,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of COLM. Fifth Third Bancorp raised its stake in Columbia Sportswear by 44.3% in the third quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock valued at $37,000 after buying an additional 154 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Columbia Sportswear by 76.2% in the 4th quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock valued at $36,000 after purchasing an additional 195 shares during the last quarter. Cascade Investment Advisors Inc. raised its holdings in shares of Columbia Sportswear by 1.0% in the 4th quarter. Cascade Investment Advisors Inc. now owns 20,085 shares of the textile maker’s stock valued at $1,598,000 after buying an additional 205 shares during the period. Quent Capital LLC increased its holdings in Columbia Sportswear by 79.6% during the 4th 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, Signaturefd LLC increased its holdings in Columbia Sportswear by 125.7% during the 3rd quarter. Signaturefd LLC now owns 607 shares of the textile maker’s stock worth $45,000 after purchasing an additional 338 shares during the period. Institutional investors own 47.76% of the company’s stock.

Analysts Set New Price Targets

COLM has been the subject of a number of research analyst reports. Stifel Nicolaus upped their target price on Columbia Sportswear from $75.00 to $84.00 and gave the company a “hold” rating in a research report on Friday, April 26th. UBS Group decreased their target price on Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $75.75.

Columbia Sportswear Stock Down 0.6 %

COLM traded down $0.54 during trading on Friday, reaching $84.03. The stock had a trading volume of 296,363 shares, compared to its average volume of 486,872. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 3.49 and a beta of 0.94. Columbia Sportswear has a 1-year low of $66.01 and a 1-year high of $86.73. The stock has a 50 day moving average of $79.66 and a two-hundred day moving average of $79.39.

Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, April 25th. The textile maker reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.36. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The business had revenue of $769.98 million during the quarter, compared to analyst estimates of $740.62 million. During the same quarter in the prior year, the business earned $0.74 earnings per share. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, research analysts forecast that Columbia Sportswear will post 3.86 EPS for the current fiscal year.

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.43%. Columbia Sportswear’s payout ratio is presently 29.27%.

Insider Transactions at Columbia Sportswear

In other Columbia Sportswear news, CFO Jim A. Swanson sold 7,199 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $77.50, for a total transaction of $557,922.50. Following the transaction, the chief financial officer now owns 9,423 shares in the company, valued at approximately $730,282.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Columbia Sportswear news, Director Sabrina Simmons sold 523 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total value of $42,729.10. Following the completion of the sale, the director now directly owns 6,483 shares in the company, valued at $529,661.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jim A. Swanson sold 7,199 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $77.50, for a total transaction of $557,922.50. Following the completion of the sale, the chief financial officer now owns 9,423 shares of the company’s stock, valued at $730,282.50. The disclosure for this sale can be found here. Insiders own 44.70% of the company’s stock.

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.