8,063 Shares in Columbia Sportswear (NASDAQ:COLM) Acquired by Farringdon Capital Ltd.

Farringdon Capital Ltd. bought a new stake in Columbia Sportswear (NASDAQ:COLM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,063 shares of the textile maker's stock, valued at approximately $677,000.

A number of other hedge funds have also modified their holdings of the business. Norges Bank purchased a new stake in shares of Columbia Sportswear in the 4th quarter valued at approximately $25,710,000. Arrowstreet Capital Limited Partnership grew its stake in Columbia Sportswear by 447.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 294,471 shares of the textile maker's stock worth $24,715,000 after purchasing an additional 240,709 shares in the last quarter. Barclays PLC increased its stake in shares of Columbia Sportswear by 487.8% during the fourth quarter. Barclays PLC now owns 271,293 shares of the textile maker's stock worth $22,770,000 after buying an additional 225,140 shares during the period. American Century Companies Inc. raised its holdings in Columbia Sportswear by 18.0% in the fourth quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker's stock valued at $74,255,000 after acquiring an additional 134,813 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Columbia Sportswear by 10.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker's stock worth $101,355,000 after acquiring an additional 109,488 shares in the last quarter. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Sportswear Stock Up 2.3 %

COLM traded up $1.48 on Tuesday, hitting $64.56. 261,064 shares of the company traded hands, compared to its average volume of 550,791. The company has a 50 day moving average of $77.39 and a 200-day moving average of $81.73. Columbia Sportswear has a 12-month low of $59.07 and a 12-month high of $92.88. The stock has a market capitalization of $3.57 billion, a PE ratio of 16.63, a PEG ratio of 2.54 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly 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 return on equity of 12.23% and a net margin of 6.63%. On average, research analysts anticipate that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.30 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.86%. Columbia Sportswear's dividend payout ratio is presently 31.01%.

Wall Street Analysts Forecast Growth

COLM has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Columbia Sportswear from $100.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. StockNews.com cut shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. UBS Group upped 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, April 14th. Finally, Citigroup restated a "neutral" rating and issued a $68.00 price objective (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $74.80.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of the company's stock in a transaction dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total value of $369,440.00. Following the sale, the executive vice president now owns 14,283 shares of the company's stock, valued at approximately $1,319,177.88. This represents a 21.88 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by corporate insiders.

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.