Columbia Sportswear (NASDAQ:COLM) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lowered its position in Columbia Sportswear (NASDAQ:COLM - Free Report) by 31.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 112,972 shares of the textile maker's stock after selling 51,485 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.20% of Columbia Sportswear worth $9,482,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in Columbia Sportswear in the fourth quarter valued at about $25,710,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Columbia Sportswear by 447.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 294,471 shares of the textile maker's stock valued at $24,715,000 after acquiring an additional 240,709 shares during the period. Barclays PLC lifted its holdings in shares of 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 acquiring an additional 225,140 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Columbia Sportswear by 18.0% in the 4th quarter. American Century Companies Inc. now owns 884,731 shares of the textile maker's stock worth $74,255,000 after acquiring an additional 134,813 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Columbia Sportswear by 10.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,207,605 shares of the textile maker's stock worth $101,355,000 after purchasing an additional 109,488 shares during the period. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,776 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $65.94, for a total value of $183,049.44. Following the completion of the transaction, the director now owns 128,309 shares in the company, valued at $8,460,695.46. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $92.36, for a total value of $369,440.00. Following the sale, the executive vice president now 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 Stock Up 2.0%

Columbia Sportswear stock traded up $1.30 during midday trading on Tuesday, reaching $66.95. The company's stock had a trading volume of 97,252 shares, compared to its average volume of 820,430. The company has a market cap of $3.69 billion, a P/E ratio of 17.30, a P/E/G ratio of 2.54 and a beta of 1.00. The business has a 50-day simple moving average of $68.82 and a 200-day simple moving average of $79.68. Columbia Sportswear has a fifty-two week low of $58.44 and a fifty-two week high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its 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 analyst estimates of $763.50 million. Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. The business's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.71 EPS. As a group, equities analysts forecast 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 is Thursday, May 22nd. This represents a $1.20 annualized dividend and a dividend yield of 1.79%. Columbia Sportswear's dividend payout ratio is presently 30.69%.

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.