Columbia Sportswear (NASDAQ:COLM) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its holdings in Columbia Sportswear (NASDAQ:COLM) by 1.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,113 shares of the textile maker’s stock after selling 155 shares during the quarter. Yousif Capital Management LLC’s holdings in Columbia Sportswear were worth $1,282,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC boosted its stake in Columbia Sportswear by 76.2% in the fourth quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock valued at $36,000 after acquiring an additional 195 shares during the period. Fifth Third Bancorp boosted its position in Columbia Sportswear by 44.3% during the 3rd quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 154 shares during the period. Signaturefd LLC grew its stake 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 buying an additional 338 shares during the last quarter. Quent Capital LLC increased its position in Columbia Sportswear by 79.6% in the fourth quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock worth $49,000 after buying an additional 273 shares during the period. Finally, Planned Solutions Inc. bought a new stake in Columbia Sportswear in the fourth quarter valued at $53,000. 47.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on COLM. UBS Group dropped their price objective on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating on the stock in a report on Friday, February 2nd. StockNews.com cut Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Stifel Nicolaus boosted their price objective on Columbia Sportswear from $75.00 to $84.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $75.75.

Columbia Sportswear Stock Down 0.6 %

Shares of COLM opened at $81.01 on Friday. Columbia Sportswear has a 52-week low of $66.01 and a 52-week high of $86.11. The firm has a market capitalization of $4.84 billion, a PE ratio of 19.76, a P/E/G ratio of 3.39 and a beta of 0.94. The firm has a 50-day moving average price of $78.71 and a 200 day moving average price of $78.29.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Thursday, April 25th. The textile maker reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $740.62 million. During the same period last year, the firm posted $0.74 earnings per share. The business’s revenue was down 6.2% on a year-over-year basis. On average, equities analysts expect that Columbia Sportswear will post 3.83 EPS for the current year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, May 15th. Columbia Sportswear’s dividend payout ratio is presently 29.27%.

Insider Activity

In related news, Director Sabrina Simmons sold 523 shares of Columbia Sportswear stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total transaction of $42,729.10. Following the transaction, the director now directly owns 6,483 shares of the company’s stock, valued at $529,661.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Sabrina Simmons sold 523 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total transaction of $42,729.10. Following the completion of the transaction, the director now owns 6,483 shares in the company, valued at approximately $529,661.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephen E. Babson sold 2,411 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $80.98, for a total transaction of $195,242.78. Following the completion of the sale, the director now owns 122,879 shares in the company, valued at $9,950,741.42. The disclosure for this sale can be found here. Insiders sold a total of 15,901 shares of company stock worth $1,269,159 over the last 90 days. 43.00% of the stock is currently owned by company insiders.

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.