Columbia Sportswear (NASDAQ:COLM) Holdings Lowered by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,670 shares of the textile maker's stock after selling 3,926 shares during the quarter. Alliancebernstein L.P. owned 0.07% of Columbia Sportswear worth $3,162,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Boston Trust Walden Corp boosted its holdings in Columbia Sportswear by 0.3% in the 4th quarter. Boston Trust Walden Corp now owns 1,284,140 shares of the textile maker's stock worth $107,778,000 after acquiring an additional 3,214 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Columbia Sportswear by 10.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker's stock valued at $101,355,000 after purchasing an additional 109,488 shares during the period. American Century Companies Inc. grew its holdings in Columbia Sportswear by 18.0% during the 4th quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker's stock valued at $74,255,000 after purchasing an additional 134,813 shares in the last quarter. Geode Capital Management LLC increased its stake in Columbia Sportswear by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 604,824 shares of the textile maker's stock worth $50,328,000 after buying an additional 4,727 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Columbia Sportswear by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker's stock worth $47,372,000 after buying an additional 13,800 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company's stock.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of the business's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.74, for a total transaction of $522,727.30. Following the completion of the transaction, the director now owns 17,048 shares in the company, valued at approximately $1,393,503.52. The trade was a 27.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Richelle T. Luther sold 4,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total transaction of $369,440.00. Following the completion of the sale, the executive vice president now directly owns 14,283 shares of the company's stock, valued at $1,319,177.88. The trade was 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 company insiders.

Columbia Sportswear Stock Up 0.9 %

COLM stock traded up $0.61 during trading on Friday, hitting $65.52. 842,757 shares of the company's stock traded hands, compared to its average volume of 549,904. The stock has a fifty day moving average price of $77.71 and a two-hundred day moving average price of $81.86. Columbia Sportswear has a 52 week low of $59.07 and a 52 week high of $92.88. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 2.54 and a beta of 0.91.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. As a group, equities research analysts expect that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Columbia Sportswear Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Citigroup reiterated a "neutral" rating and issued a $68.00 price target (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. UBS Group increased their target price on Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research note on Monday, April 14th. StockNews.com lowered shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus reduced their price objective 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 assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $74.80.

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.