Aquatic Capital Management LLC Buys New Position in Columbia Sportswear (NASDAQ:COLM)

Aquatic Capital Management LLC bought a new stake in Columbia Sportswear (NASDAQ:COLM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,999 shares of the textile maker's stock, valued at approximately $1,427,000.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in Columbia Sportswear by 184.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock valued at $25,000 after purchasing an additional 194 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Columbia Sportswear by 43.2% during the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker's stock worth $50,000 after buying an additional 181 shares in the last quarter. Signaturefd LLC boosted its position in shares of Columbia Sportswear by 18.4% in the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock valued at $77,000 after acquiring an additional 142 shares during the period. Blue Trust Inc. increased its position in Columbia Sportswear by 33.6% during the fourth quarter. Blue Trust Inc. now owns 942 shares of the textile maker's stock worth $78,000 after acquiring an additional 237 shares during the period. Finally, KBC Group NV boosted its holdings in Columbia Sportswear by 26.8% in the 4th quarter. KBC Group NV now owns 1,975 shares of the textile maker's stock valued at $166,000 after purchasing an additional 418 shares during the period. Institutional investors own 47.76% of the company's stock.

Columbia Sportswear Price Performance

NASDAQ:COLM traded up $1.62 during trading hours on Monday, hitting $61.25. The company's stock had a trading volume of 176,868 shares, compared to its average volume of 560,500. The company has a market capitalization of $3.38 billion, a P/E ratio of 15.84, a PEG ratio of 2.54 and a beta of 0.91. Columbia Sportswear has a twelve month low of $58.44 and a twelve month high of $92.88. The stock has a fifty day simple moving average of $72.89 and a 200-day simple moving average of $80.63.

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

Columbia Sportswear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, May 22nd. Columbia Sportswear's payout ratio is presently 31.01%.

Insider Buying and Selling at Columbia Sportswear

In related news, EVP Richelle T. Luther sold 4,000 shares of the firm's stock in a transaction that occurred on 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 owns 14,283 shares of the company's stock, valued at $1,319,177.88. This trade represents a 21.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ronald E. Nelson sold 6,395 shares of the 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 transaction, the director now directly owns 17,048 shares in the company, valued at approximately $1,393,503.52. This represents a 27.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 44.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on COLM. StockNews.com downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Citigroup reiterated a "neutral" rating and set a $68.00 target price (down from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. Barclays reduced their target price on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating on the stock in a report on Friday. Stifel Nicolaus dropped their price target on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a research note on Friday. Finally, UBS Group increased their price objective on shares of Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Columbia Sportswear has an average rating of "Hold" and a consensus price target of $70.00.

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.