Columbia Sportswear (NASDAQ:COLM) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers raised its stake in shares of Columbia Sportswear (NASDAQ:COLM) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 131,868 shares of the textile maker’s stock after buying an additional 3,431 shares during the period. Rhumbline Advisers’ holdings in Columbia Sportswear were worth $11,068,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC boosted its holdings in shares of Columbia Sportswear by 10.2% in the fourth quarter. Empowered Funds LLC now owns 9,179 shares of the textile maker’s stock valued at $770,000 after acquiring an additional 849 shares in the last quarter. Paragon Capital Management Inc. lifted its position in Columbia Sportswear by 1.4% in the fourth quarter. Paragon Capital Management Inc. now owns 24,350 shares of the textile maker’s stock worth $2,044,000 after purchasing an additional 348 shares during the period. Boston Trust Walden Corp boosted its stake in Columbia Sportswear by 0.3% during the 4th quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker’s stock valued at $107,778,000 after purchasing an additional 3,214 shares in the last quarter. Cairn Investment Group Inc. increased its position in shares of Columbia Sportswear by 0.3% during the 4th 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 period. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Columbia Sportswear by 1.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 32,691 shares of the textile maker’s stock worth $2,744,000 after buying an additional 404 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Insider Buying and Selling

In other news, Director Ronald E. Nelson sold 6,395 shares of the stock in a transaction on Thursday, February 13th. The stock was 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 $1,393,503.52. This represents a 27.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 44.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. TD Cowen lifted their price objective on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus boosted their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th.

Columbia Sportswear Stock Up 0.5 %

Shares of Columbia Sportswear stock opened at $90.72 on Monday. Columbia Sportswear has a 12-month low of $73.04 and a 12-month high of $92.09. The firm has a market capitalization of $5.19 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 2.54 and a beta of 0.93. The stock’s fifty day moving average is $85.33 and its 200-day moving average is $83.49.

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

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.32%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 31.01%.

Columbia Sportswear Company 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.