Bridgewater Associates LP Sells 19,992 Shares of Columbia Sportswear (NASDAQ:COLM)

Bridgewater Associates LP reduced its stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 43.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,496 shares of the textile maker's stock after selling 19,992 shares during the quarter. Bridgewater Associates LP's holdings in Columbia Sportswear were worth $2,224,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its position in Columbia Sportswear by 184.8% in the fourth 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 last quarter. GAMMA Investing LLC raised its position 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 acquiring an additional 181 shares during the last quarter. Signaturefd LLC raised its position in shares of Columbia Sportswear by 18.4% during the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock worth $77,000 after acquiring an additional 142 shares during the last quarter. Blue Trust Inc. raised its position in shares of 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 last quarter. Finally, KBC Group NV raised its position in shares of Columbia Sportswear by 26.8% during the fourth quarter. KBC Group NV now owns 1,975 shares of the textile maker's stock worth $166,000 after acquiring an additional 418 shares during the last quarter. 47.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. UBS Group raised their target price on Columbia Sportswear from $42.00 to $51.00 and gave the stock a "sell" rating in a research note on Monday, April 14th. Stifel Nicolaus decreased their target price on Columbia Sportswear from $100.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Citigroup reaffirmed a "neutral" rating and set a $68.00 target price (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $74.80.

Columbia Sportswear Price Performance

Shares of COLM stock traded up $0.72 on Thursday, hitting $65.99. The stock had a trading volume of 221,401 shares, compared to its average volume of 552,548. The business has a 50 day moving average of $76.63 and a 200 day moving average of $81.50. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 2.54 and a beta of 0.91. Columbia Sportswear has a 12-month low of $59.07 and a 12-month high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted its quarterly earnings data 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%. As a group, research analysts expect that Columbia Sportswear will post 4.1 earnings per share for the current fiscal year.

Insider Transactions at Columbia Sportswear

In other news, Director Ronald E. Nelson sold 6,395 shares of the stock in a transaction dated Thursday, February 13th. The shares were 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of the firm'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 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 disclosure for this sale can be found here. Corporate insiders own 44.70% of the company's stock.

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.