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Vanguard Group Inc. increased its holdings in Columbia Sportswear (NASDAQ:COLM – Free Report) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The company owned 3,149,296 shares of the textile maker’s stock after purchasing an additional 7,010 shares during the quarter. Vanguard Group Inc. owned 5.21% of Columbia Sportswear valued at $250,495,000, according to its most recent filing with the SEC.

A number of other major investors have also recently bought and sold shares of the company. Nebula Research & Development LLC acquired a new stake in Columbia Sportswear in the 4th quarter valued at $1,325,000. Dean Capital Management acquired a new stake in Columbia Sportswear in the 4th quarter valued at $1,489,000. Verition Fund Management LLC increased its stake in Columbia Sportswear by 1,128.3% in the 4th quarter. Verition Fund Management LLC now owns 110,106 shares of the textile maker’s stock valued at $8,758,000 after buying an additional 101,142 shares during the same period. Cairn Investment Group Inc. increased its stake in Columbia Sportswear by 1.6% in the 4th quarter. Cairn Investment Group Inc. now owns 45,295 shares of the textile maker’s stock valued at $3,603,000 after buying an additional 715 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Columbia Sportswear by 28.3% during the fourth quarter. First Trust Advisors LP now owns 476,608 shares of the textile maker’s stock valued at $37,909,000 after purchasing an additional 105,193 shares during the same period. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Insider activities at Columbia Sportswear

In other Columbia Sportswear news, CFO Jim A. Swanson sold 7,199 shares of the company’s stock in a transaction that occurred on Monday, April 29. The shares were sold at an average price of $77.50, for a total transaction of $557,922.50. Following the completion of the sale, the chief financial officer now directly owns 9,423 shares of the company’s stock, valued at approximately $730,282.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Columbia Sportswear news, Director Sabrina Simmons sold 523 shares of Columbia Sportswear’s stock in a transaction that occurred on Thursday, May 2. The shares were sold at an average price of $81.70, for a total transaction of $42,729.10. Following the sale, the director now directly owns 6,483 shares of the company’s stock, valued at approximately $529,661.10. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Also, CFO Jim A. Swanson sold 7,199 shares of the company’s stock in a transaction that occurred on Monday, April 29. The shares were sold at an average price of $77.50, for a total transaction of $557,922.50. Following the sale, the chief financial officer now directly owns 9,423 shares of the company’s stock, valued at approximately $730,282.50. The disclosure regarding this sale can be found here. 44.70% of the shares are currently owned by company insiders.

Analysts set new price targets

Several brokerage firms have recently commented on COLM. Stifel Nicolaus increased their price target on Columbia Sportswear from $75.00 to $84.00 and gave the company a “hold” rating in a research report on Friday, April 26. StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a report on Monday, June 3. One equities analyst rated the stock with a sell rating, four have assigned a hold rating, and one has assigned a buy rating. According to data from MarketBeat.com, Columbia Sportswear currently has a consensus rating of “Hold” and a consensus price target of $75.75.

Check out our latest analysis on Columbia Sportswear

Columbia Sportswear trading up 0.8%

NASDAQ COLM opened at $79.08 on Monday. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 3.27 and a beta of 0.95. The stock has a 50-day moving average of $82.35 and a 200-day moving average of $80.26. Columbia Sportswear has a twelve-month low of $66.01 and a twelve-month high of $87.23.

Columbia Sportswear (NASDAQ:COLM – Get Free Report) last announced its earnings results on Thursday, April 25. The apparel maker reported earnings per share of $0.71 for the quarter, beating the consensus estimate of $0.35 by $0.36. The company posted revenue of $769.98 million for the quarter, compared to the consensus estimate of $740.62 million. Columbia Sportswear generated return on equity of 13.98% and net margin of 7.20%. The company’s quarterly revenue declined 6.2% year-over-year. During the same period last year, the company posted earnings per share of $0.74. Equities analysts forecast that Columbia Sportswear will post earnings per share of $3.86 for the current fiscal year.

Dividend announcement for Columbia Sportswear

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents an annualized dividend of $1.20 and a dividend yield of 1.52%. Columbia Sportswear’s dividend payout ratio (DPR) is currently 29.27%.

About Columbia Sportswear

(Free report)

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets and distributes apparel, footwear, accessories and equipment for the outdoor, active and everyday lifestyle in the United States, Latin America, Asia Pacific, Europe, the Middle East, Africa and Canada. The company offers apparel, accessories and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, as well as trail and outdoor activities.

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Institutional ownership by quarter for Columbia Sportswear (NASDAQ:COLM)



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