Crestline Management LP Purchases 31,906 Shares of Columbia Sportswear (NASDAQ:COLM)

Crestline Management LP lifted its stake in Columbia Sportswear (NASDAQ:COLM - Free Report) by 272.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,612 shares of the textile maker's stock after buying an additional 31,906 shares during the period. Crestline Management LP owned about 0.08% of Columbia Sportswear worth $3,660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cetera Investment Advisers acquired a new stake in Columbia Sportswear during the 4th quarter valued at $214,000. Bridgefront Capital LLC acquired a new stake in Columbia Sportswear during the 4th quarter valued at $264,000. Baird Financial Group Inc. boosted its position in Columbia Sportswear by 144.2% in the 4th quarter. Baird Financial Group Inc. now owns 2,767 shares of the textile maker's stock valued at $232,000 after buying an additional 1,634 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Columbia Sportswear by 38.3% in the 4th quarter. BNP Paribas Financial Markets now owns 49,347 shares of the textile maker's stock valued at $4,142,000 after buying an additional 13,676 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Columbia Sportswear by 491.8% in the 4th quarter. Jane Street Group LLC now owns 51,248 shares of the textile maker's stock valued at $4,301,000 after buying an additional 42,588 shares during the last quarter. 47.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on COLM shares. Barclays decreased their price objective on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Citigroup reiterated a "neutral" rating and issued a $68.00 price objective (down from $80.00) on shares of Columbia Sportswear in a research report on Monday, April 7th. UBS Group increased 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. Stifel Nicolaus decreased their price objective on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, StockNews.com lowered 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, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Columbia Sportswear has a consensus rating of "Hold" and a consensus price target of $70.00.

Insider Activity

In other news, Director Ronald E. Nelson sold 6,395 shares of the business'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 transaction of $522,727.30. Following the completion of the sale, the director now owns 17,048 shares in the company, valued at $1,393,503.52. The trade was a 27.28% decrease in their ownership of the stock. The sale 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 the stock in a transaction that occurred on 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 directly 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. Corporate insiders own 44.70% of the company's stock.

Columbia Sportswear Stock Up 4.4%

Columbia Sportswear stock traded up $2.88 during mid-day trading on Monday, hitting $68.96. 206,366 shares of the company's stock were exchanged, compared to its average volume of 578,213. The firm has a market capitalization of $3.80 billion, a P/E ratio of 17.84, a PEG ratio of 2.54 and a beta of 1.00. Columbia Sportswear has a fifty-two week low of $58.44 and a fifty-two week high of $92.88. The company's 50 day simple moving average is $70.66 and its 200-day simple moving average is $80.10.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The textile maker reported $0.75 EPS 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 the consensus estimate of $763.50 million. Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. The firm's revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. Research analysts expect that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.74%. Columbia Sportswear's dividend payout ratio (DPR) is 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.