AQR Capital Management LLC Raises Stock Holdings in Columbia Sportswear (NASDAQ:COLM)

AQR Capital Management LLC boosted its position in Columbia Sportswear (NASDAQ:COLM - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 276,992 shares of the textile maker's stock after purchasing an additional 27,852 shares during the period. AQR Capital Management LLC owned about 0.48% of Columbia Sportswear worth $23,248,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of COLM. Charles Schwab Investment Management Inc. boosted 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 during the period. Raymond James Financial Inc. bought a new stake in Columbia Sportswear during the fourth quarter worth about $1,904,000. Proficio Capital Partners LLC bought a new stake in shares of Columbia Sportswear in the 4th quarter worth approximately $1,472,000. Truist Financial Corp increased its stake in shares of Columbia Sportswear by 143.6% in the fourth 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 period. Finally, New Age Alpha Advisors LLC bought a new position in Columbia Sportswear during the 4th quarter valued at approximately $296,000. 47.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on COLM. UBS Group raised their target price on shares of Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research report on Monday, April 14th. Citigroup restated a "neutral" rating and set a $68.00 price objective (down from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. Barclays lowered their price target on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Stifel Nicolaus reduced their price objective on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, StockNews.com cut shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Columbia Sportswear presently has a consensus rating of "Hold" and a consensus target price of $70.00.

Columbia Sportswear Price Performance

Shares of COLM traded down $1.56 on Friday, reaching $65.68. The company's stock had a trading volume of 314,911 shares, compared to its average volume of 576,570. The stock's 50 day simple moving average is $71.01 and its two-hundred day simple moving average is $80.15. The stock has a market capitalization of $3.62 billion, a P/E ratio of 16.97, a PEG ratio of 2.54 and a beta of 1.00. Columbia Sportswear has a 12-month low of $58.44 and a 12-month high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The textile maker reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. The business had revenue of $778.45 million for the quarter, compared to analysts' expectations of $763.50 million. Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. The company's revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS. Analysts expect that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.83%. Columbia Sportswear's payout ratio is currently 30.69%.

Insiders Place Their Bets

In related news, Director Ronald E. Nelson sold 6,395 shares of the stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total value of $369,440.00. Following the sale, the executive vice president now directly 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. Company insiders own 44.70% of the company's stock.

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.