3,475 Shares in Columbia Sportswear (NASDAQ:COLM) Purchased by Novem Group

Novem Group bought a new stake in shares of Columbia Sportswear (NASDAQ:COLM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,475 shares of the textile maker’s stock, valued at approximately $292,000.

Several other hedge funds also recently modified their holdings of the stock. Deutsche Bank AG boosted its position in shares of Columbia Sportswear by 3.7% during the fourth quarter. Deutsche Bank AG now owns 3,911 shares of the textile maker’s stock valued at $328,000 after buying an additional 141 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Columbia Sportswear by 18.4% in the fourth 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 last quarter. Cairn Investment Group Inc. raised its holdings in shares of Columbia Sportswear by 0.3% in the fourth quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker’s stock valued at $3,750,000 after purchasing an additional 145 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Columbia Sportswear by 1.0% in the fourth quarter. Amalgamated Bank now owns 15,337 shares of the textile maker’s stock valued at $1,287,000 after purchasing an additional 146 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings 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 purchasing an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on COLM shares. Citigroup restated a “neutral” rating and issued a $68.00 target price (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. Wall Street Zen downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. UBS Group raised their target price on Columbia Sportswear from $42.00 to $51.00 and gave the company a “sell” rating in a research report on Monday, April 14th. Stifel Nicolaus decreased their target price on Columbia Sportswear from $91.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Finally, Barclays decreased their target price on Columbia Sportswear from $64.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, May 2nd. One equities 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $70.00.

Columbia Sportswear Price Performance

NASDAQ:COLM opened at $64.92 on Friday. The business has a fifty day simple moving average of $68.03 and a two-hundred day simple moving average of $79.37. Columbia Sportswear has a 1 year low of $58.44 and a 1 year high of $92.88. The company has a market capitalization of $3.58 billion, a P/E ratio of 16.78, a P/E/G ratio of 2.54 and a beta of 1.00.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, May 1st. The textile maker reported $0.75 earnings per share (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 business had revenue of $778.45 million during the quarter, compared to the consensus estimate of $763.50 million. During the same period last year, the business posted $0.71 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, analysts anticipate that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.85%. The ex-dividend date is Thursday, May 22nd. Columbia Sportswear’s dividend payout ratio (DPR) is presently 30.69%.

Insider Buying and Selling at Columbia Sportswear

In related news, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 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 Stephen E. Babson sold 2,776 shares of Columbia Sportswear stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $65.94, for a total transaction of $183,049.44. Following the completion of the transaction, the director now owns 128,309 shares of the company’s stock, valued at $8,460,695.46. This represents a 2.12% decrease in their ownership of the stock. 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.