Ontario Teachers Pension Plan Board Buys 8,679 Shares of Columbia Sportswear (NASDAQ:COLM)

Ontario Teachers Pension Plan Board raised its holdings in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 41.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,371 shares of the textile maker's stock after purchasing an additional 8,679 shares during the period. Ontario Teachers Pension Plan Board owned 0.05% of Columbia Sportswear worth $2,465,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Mariner LLC raised its holdings in shares of Columbia Sportswear by 24.7% during the fourth quarter. Mariner LLC now owns 5,014 shares of the textile maker's stock valued at $421,000 after acquiring an additional 992 shares in the last quarter. Barclays PLC raised its holdings in Columbia Sportswear by 487.8% in the 4th quarter. Barclays PLC now owns 271,293 shares of the textile maker's stock worth $22,770,000 after purchasing an additional 225,140 shares in the last quarter. Covestor Ltd lifted its position in shares of Columbia Sportswear by 13.0% in the 4th quarter. Covestor Ltd now owns 2,101 shares of the textile maker's stock worth $177,000 after purchasing an additional 241 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Columbia Sportswear during the 4th quarter valued at about $1,904,000. Finally, Abacus FCF Advisors LLC increased its position in shares of Columbia Sportswear by 46.3% during the fourth quarter. Abacus FCF Advisors LLC now owns 39,188 shares of the textile maker's stock valued at $3,289,000 after buying an additional 12,400 shares during the period. Hedge funds and other institutional investors own 47.76% of the company's stock.

Wall Street Analysts Forecast Growth

COLM has been the topic of several research reports. Citigroup reaffirmed a "neutral" rating and set a $68.00 price objective (down from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. Stifel Nicolaus reduced their price target on Columbia Sportswear from $100.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. UBS Group raised their price objective on Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research report on Monday, April 14th. Finally, StockNews.com downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $74.80.

Insider Activity

In other news, Director Ronald E. Nelson sold 6,395 shares of the firm's 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 sale, the director now owns 17,048 shares of the company's stock, valued at $1,393,503.52. This trade represents a 27.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear 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 directly owns 14,283 shares of the company's stock, valued at approximately $1,319,177.88. This trade represents a 21.88 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 44.70% of the company's stock.

Columbia Sportswear Price Performance

COLM stock traded up $0.61 during trading on Friday, hitting $65.52. 842,757 shares of the stock traded hands, compared to its average volume of 549,904. The stock has a market cap 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 has a 1 year low of $59.07 and a 1 year high of $92.88. The firm's 50 day moving average is $77.71 and its two-hundred day moving average is $81.86.

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

Columbia Sportswear Dividend Announcement

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

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.