Dark Forest Capital Management LP acquired a new position in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,503 shares of the textile maker's stock, valued at approximately $378,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its stake in shares of Columbia Sportswear by 18.4% in the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock valued at $77,000 after acquiring an additional 142 shares during the last quarter. Cairn Investment Group Inc. raised its position in Columbia Sportswear by 0.3% in the fourth quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker's stock valued at $3,750,000 after purchasing an additional 145 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Columbia Sportswear by 1.0% during the fourth quarter. Amalgamated Bank now owns 15,337 shares of the textile maker's stock valued at $1,287,000 after purchasing an additional 146 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 purchasing an additional 181 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of 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 buying an additional 194 shares during the period. Institutional investors and hedge funds own 47.76% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on COLM shares. Stifel Nicolaus reduced their target price on shares of Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating on the stock in a report on Friday. Citigroup reaffirmed a "neutral" rating and set a $68.00 target price (down from $80.00) on shares of Columbia Sportswear in a report on Monday, April 7th. Barclays decreased their price target on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating for the company in a research note on Friday. StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, UBS Group increased their target price 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Columbia Sportswear presently has an average rating of "Hold" and an average price target of $70.00.
Get Our Latest Stock Report on COLM
Columbia Sportswear Price Performance
Shares of Columbia Sportswear stock traded down $2.59 during trading on Friday, reaching $59.68. 1,713,947 shares of the company traded hands, compared to its average volume of 560,477. The firm has a market capitalization of $3.29 billion, a PE ratio of 15.42, a P/E/G ratio of 2.54 and a beta of 0.91. Columbia Sportswear has a 1-year low of $58.43 and a 1-year high of $92.88. The company has a 50 day moving average price of $73.54 and a 200-day moving average price of $80.81.
Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The textile maker reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. The company had revenue of $778.45 million for the quarter, compared to analysts' expectations of $763.50 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The business's revenue was up 1.1% on a year-over-year basis. Equities research analysts expect that Columbia Sportswear will post 4.1 earnings per share for the current year.
Columbia Sportswear Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.01%. Columbia Sportswear's payout ratio is currently 31.01%.
Insider Buying and Selling at Columbia Sportswear
In related news, EVP Richelle T. Luther sold 4,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total value of $369,440.00. Following the transaction, the executive vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $522,727.30. Following the sale, the director now directly owns 17,048 shares of the company's stock, valued at $1,393,503.52. This represents a 27.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by company insiders.
About Columbia Sportswear
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Free Report)
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.
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