Tower Research Capital LLC TRC Grows Stock Position in Columbia Sportswear (NASDAQ:COLM)

Tower Research Capital LLC TRC increased its position in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 1,044.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,344 shares of the textile maker's stock after buying an additional 9,440 shares during the quarter. Tower Research Capital LLC TRC's holdings in Columbia Sportswear were worth $868,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in COLM. MetLife Investment Management LLC boosted its stake in Columbia Sportswear by 6.6% in the fourth quarter. MetLife Investment Management LLC now owns 18,066 shares of the textile maker's stock valued at $1,516,000 after acquiring an additional 1,112 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Columbia Sportswear by 1.9% in the fourth quarter. First Trust Advisors LP now owns 232,742 shares of the textile maker's stock worth $19,534,000 after buying an additional 4,323 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of Columbia Sportswear by 5.2% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 28,475 shares of the textile maker's stock valued at $2,390,000 after acquiring an additional 1,417 shares during the last quarter. Farringdon Capital Ltd. purchased a new position in Columbia Sportswear in the 4th quarter worth approximately $677,000. Finally, Marshall Wace LLP bought a new stake in Columbia Sportswear in the fourth quarter valued at approximately $598,000. Institutional investors and hedge funds own 47.76% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on COLM. UBS Group boosted their price objective on shares of Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research report on Monday, April 14th. Stifel Nicolaus decreased their price objective on shares of Columbia Sportswear from $100.00 to $91.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Barclays started coverage on Columbia Sportswear in a research report on Monday. They set an "equal weight" rating and a $64.00 price objective for the company. StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Citigroup reiterated a "neutral" rating and set a $68.00 target price (down previously from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $73.00.

Columbia Sportswear Price Performance

Shares of COLM traded up $0.74 during mid-day trading on Thursday, reaching $62.91. The stock had a trading volume of 297,237 shares, compared to its average volume of 551,803. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 2.54 and a beta of 0.91. Columbia Sportswear has a 52-week low of $59.07 and a 52-week high of $92.88. The business's fifty day moving average is $74.13 and its 200 day moving average is $80.94.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its earnings results on Tuesday, February 4th. The textile maker reported $1.80 EPS 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, sell-side analysts anticipate that Columbia Sportswear will post 4.1 EPS for the current fiscal year.

Insider Activity at Columbia Sportswear

In other Columbia Sportswear news, Director Ronald E. Nelson sold 6,395 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.74, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richelle T. Luther sold 4,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were 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 in the company, valued at $1,319,177.88. This represents 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 insiders.

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.