Federated Hermes Inc. Decreases Stock Position in Columbia Sportswear (NASDAQ:COLM)

Federated Hermes Inc. reduced its holdings in shares of Columbia Sportswear (NASDAQ:COLM) by 76.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,000 shares of the textile maker’s stock after selling 15,835 shares during the quarter. Federated Hermes Inc.’s holdings in Columbia Sportswear were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its position in Columbia Sportswear by 184.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker’s stock worth $25,000 after purchasing an additional 194 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Columbia Sportswear by 43.2% during the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock valued at $50,000 after buying an additional 181 shares during the period. Signaturefd LLC boosted its position in Columbia Sportswear by 18.4% during the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker’s stock worth $77,000 after acquiring an additional 142 shares during the last quarter. Blue Trust Inc. grew its stake in Columbia Sportswear by 33.6% in the 4th quarter. Blue Trust Inc. now owns 942 shares of the textile maker’s stock worth $78,000 after acquiring an additional 237 shares during the period. Finally, KBC Group NV lifted its stake in shares of Columbia Sportswear by 26.8% during the 4th quarter. KBC Group NV now owns 1,975 shares of the textile maker’s stock worth $166,000 after purchasing an additional 418 shares during the period. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Trading Up 0.9 %

Shares of COLM stock opened at $65.52 on Friday. The company’s fifty day simple moving average is $78.22 and its 200-day simple moving average is $82.11. Columbia Sportswear has a 52 week low of $59.07 and a 52 week high of $92.88. The company has a market cap of $3.63 billion, a PE ratio of 16.93, a P/E/G ratio of 2.54 and a beta of 0.91.

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

Columbia Sportswear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 1.83%. Columbia Sportswear’s payout ratio is currently 31.01%.

Wall Street Analysts Forecast Growth

COLM has been the subject of several analyst reports. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Citigroup reiterated a “neutral” rating and set a $68.00 price objective (down from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. UBS Group boosted their target price on shares of Columbia Sportswear from $42.00 to $51.00 and gave the company a “sell” rating in a report on Monday. Finally, Stifel Nicolaus cut their price target on shares of Columbia Sportswear from $100.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $74.80.

Insider Activity

In related news, Director Ronald E. Nelson sold 6,395 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total value of $522,727.30. Following the sale, the director now directly owns 17,048 shares of the company’s stock, valued at $1,393,503.52. This represents a 27.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Richelle T. Luther sold 4,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the transaction, the executive vice president now directly owns 14,283 shares of the company’s stock, valued at approximately $1,319,177.88. This represents a 21.88 % 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.