Columbia Sportswear Company $COLM Shares Newly Purchased by CenterBook Partners LP

CenterBook Partners LP acquired a new position in shares of Columbia Sportswear Company (NASDAQ:COLM) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 14,319 shares of the textile maker’s stock, valued at approximately $822,000.

Several other institutional investors and hedge funds have also recently modified their holdings of COLM. Fluent Financial LLC bought a new position in shares of Columbia Sportswear in the second quarter valued at approximately $1,737,000. Jefferies Financial Group Inc. bought a new stake in Columbia Sportswear during the second quarter worth $668,000. Legal & General Group Plc purchased a new stake in Columbia Sportswear in the 2nd quarter valued at $1,864,000. Squarepoint Ops LLC raised its position in Columbia Sportswear by 129.7% in the 2nd quarter. Squarepoint Ops LLC now owns 167,161 shares of the textile maker’s stock valued at $10,334,000 after buying an additional 94,377 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in Columbia Sportswear by 51.9% during the 1st quarter. Bessemer Group Inc. now owns 87,764 shares of the textile maker’s stock valued at $4,810,000 after acquiring an additional 29,974 shares in the last quarter. 47.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Columbia Sportswear

In related news, President Peter Bragdon sold 375 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $70.81, for a total transaction of $26,553.75. Following the completion of the sale, the president owned 28,950 shares in the company, valued at approximately $2,049,949.50. This trade represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Lisa Kulok sold 6,857 shares of Columbia Sportswear stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $68.47, for a total transaction of $469,498.79. Following the completion of the sale, the executive vice president directly owned 8,180 shares in the company, valued at approximately $560,084.60. This represents a 45.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 26,361 shares of company stock worth $1,844,073. 51.90% of the stock is owned by company insiders.

Columbia Sportswear Price Performance

Shares of NASDAQ:COLM opened at $72.26 on Wednesday. The company has a market capitalization of $3.64 billion, a PE ratio of 19.96 and a beta of 0.88. The business has a fifty day moving average price of $60.17 and a two-hundred day moving average price of $60.34. Columbia Sportswear Company has a 1 year low of $49.56 and a 1 year high of $73.03.

Columbia Sportswear (NASDAQ:COLM) last released its earnings results on Thursday, October 29th. The textile maker reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.38. The company had revenue of $962.58 million for the quarter, compared to analysts’ expectations of $944.91 million. Columbia Sportswear had a return on equity of 11.71% and a net margin of 6.97%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.41 EPS. Sell-side analysts anticipate that Columbia Sportswear Company will post 4.89 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, November 19th. This represents a $1.20 annualized dividend and a yield of 1.7%. Columbia Sportswear’s dividend payout ratio is presently 26.32%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on COLM shares. Stifel Nicolaus set a $67.00 price objective on shares of Columbia Sportswear and gave the stock a “buy” rating in a report on Friday, July 31st. BTIG Research increased their target price on shares of Columbia Sportswear from $80.00 to $83.00 and gave the company a “buy” rating in a report on Friday, October 30th. Zacks Research lowered shares of Columbia Sportswear from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Wall Street Zen upgraded shares of Columbia Sportswear from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, UBS Group restated a “sell” rating and set a $49.00 price target (up from $47.00) on shares of Columbia Sportswear in a report on Friday, October 30th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $66.40.

About Columbia Sportswear

Columbia Sportswear Company designs, sources, markets and distributes outdoor and active-lifestyle apparel, footwear, accessories and equipment. Its products serve activities such as hiking, skiing, fishing and other outdoor pursuits, as well as everyday wear. The company’s portfolio includes the Columbia, SOREL, Mountain Hardwear and prAna brands. Its offerings range from jackets, shirts and pants to boots, shoes, backpacks and other outdoor accessories. Founded in 1938 as a hat distributor in Portland, Oregon, Columbia Sportswear has grown into a global business.