Wealthfront Advisers LLC Purchases Shares of 5,151 Columbia Sportswear (NASDAQ:COLM)

Wealthfront Advisers LLC purchased a new stake in shares of Columbia Sportswear (NASDAQ:COLM) in the fourth quarter, Holdings Channel.com reports. The firm purchased 5,151 shares of the textile maker’s stock, valued at approximately $432,000.

Other hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in shares of Columbia Sportswear in the 4th quarter worth approximately $1,472,000. Truist Financial Corp boosted its stake in shares of Columbia Sportswear by 143.6% in the 4th quarter. Truist Financial Corp now owns 11,907 shares of the textile maker’s stock worth $999,000 after buying an additional 7,019 shares during the last quarter. Impact Partnership Wealth LLC purchased a new position in shares of Columbia Sportswear in the 4th quarter worth approximately $240,000. Assenagon Asset Management S.A. purchased a new position in shares of Columbia Sportswear in the 4th quarter worth approximately $6,356,000. Finally, Bank of New York Mellon Corp lifted its stake in Columbia Sportswear by 11.6% in the fourth quarter. Bank of New York Mellon Corp now owns 418,531 shares of the textile maker’s stock valued at $35,127,000 after purchasing an additional 43,654 shares during the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Columbia Sportswear Price Performance

Shares of COLM stock opened at $78.42 on Monday. The company’s fifty day simple moving average is $84.87 and its two-hundred day simple moving average is $83.88. Columbia Sportswear has a 1 year low of $73.04 and a 1 year high of $92.88. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 2.54 and a beta of 0.90.

Columbia Sportswear (NASDAQ:COLM) last issued 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 anticipate that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 1.53%. Columbia Sportswear’s payout ratio is 31.01%.

Insider Buying and Selling at Columbia Sportswear

In related 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 sale, the director now owns 17,048 shares in the company, valued at approximately $1,393,503.52. This trade represents a 27.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Richelle T. Luther sold 4,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total value of $369,440.00. Following the completion of the sale, the executive vice president now owns 14,283 shares in the company, valued at $1,319,177.88. This trade represents a 21.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 44.70% of the company’s stock.

Analysts Set New Price Targets

COLM has been the topic of several research analyst reports. StockNews.com downgraded Columbia Sportswear from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Stifel Nicolaus upped their price objective on Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen upped their price objective on Columbia Sportswear from $70.00 to $84.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th.

Columbia Sportswear 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.