Columbia Sportswear (NASDAQ:COLM) Position Trimmed by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its position in shares of Columbia Sportswear (NASDAQ:COLM) by 2.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 136,409 shares of the textile maker’s stock after selling 3,680 shares during the period. Leeward Investments LLC MA owned 0.23% of Columbia Sportswear worth $10,850,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC grew its position in shares of Columbia Sportswear by 76.2% during the fourth quarter. Venturi Wealth Management LLC now owns 451 shares of the textile maker’s stock worth $36,000 after acquiring an additional 195 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Columbia Sportswear by 44.3% during the third quarter. Fifth Third Bancorp now owns 502 shares of the textile maker’s stock worth $37,000 after acquiring an additional 154 shares during the last quarter. Signaturefd LLC grew its position in shares of Columbia Sportswear by 125.7% during the third quarter. Signaturefd LLC now owns 607 shares of the textile maker’s stock worth $45,000 after acquiring an additional 338 shares during the last quarter. Quent Capital LLC grew its position in shares of Columbia Sportswear by 79.6% during the fourth quarter. Quent Capital LLC now owns 616 shares of the textile maker’s stock worth $49,000 after acquiring an additional 273 shares during the last quarter. Finally, Planned Solutions Inc. bought a new position in shares of Columbia Sportswear during the fourth quarter worth about $53,000. Institutional investors own 47.76% of the company’s stock.

Columbia Sportswear Stock Performance

NASDAQ COLM traded up $0.99 on Friday, reaching $80.00. The company’s stock had a trading volume of 1,713,696 shares, compared to its average volume of 517,802. Columbia Sportswear has a twelve month low of $66.01 and a twelve month high of $88.17. The stock has a market cap of $4.76 billion, a PE ratio of 19.76, a PEG ratio of 3.27 and a beta of 0.94. The firm’s 50 day moving average is $78.82 and its two-hundred day moving average is $77.92.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings results on Thursday, April 25th. The textile maker reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.36. Columbia Sportswear had a net margin of 7.21% and a return on equity of 14.11%. The company had revenue of $769.98 million during the quarter, compared to the consensus estimate of $740.62 million. During the same period in the prior year, the company earned $0.74 EPS. Columbia Sportswear’s revenue was down 6.2% on a year-over-year basis. Equities research analysts anticipate that Columbia Sportswear will post 3.68 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.50%. Columbia Sportswear’s dividend payout ratio is presently 29.06%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Stifel Nicolaus upped their price target on shares of Columbia Sportswear from $75.00 to $84.00 and gave the stock a “hold” rating in a research report on Friday. UBS Group decreased their target price on shares of Columbia Sportswear from $62.00 to $59.00 and set a “sell” rating for the company in a research report on Friday, February 2nd. Finally, StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $78.60.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Ronald E. Nelson sold 5,768 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total transaction of $473,264.40. Following the completion of the sale, the director now directly owns 16,857 shares of the company’s stock, valued at $1,383,116.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Columbia Sportswear news, Director Ronald E. Nelson sold 5,768 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total transaction of $473,264.40. Following the completion of the sale, the director now directly owns 16,857 shares of the company’s stock, valued at $1,383,116.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen E. Babson sold 2,411 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $80.98, for a total transaction of $195,242.78. Following the sale, the director now directly owns 122,879 shares of the company’s stock, valued at $9,950,741.42. The disclosure for this sale can be found here. Insiders own 43.00% 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.