Dean Capital Management Sells 7,367 Shares of Columbia Sportswear (NASDAQ:COLM)

Dean Capital Management lowered its position in Columbia Sportswear (NASDAQ:COLM - Free Report) by 32.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,272 shares of the textile maker's stock after selling 7,367 shares during the quarter. Dean Capital Management's holdings in Columbia Sportswear were worth $1,282,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Signaturefd LLC raised its stake in shares of Columbia Sportswear by 18.4% during the fourth quarter. Signaturefd LLC now owns 915 shares of the textile maker's stock worth $77,000 after buying an additional 142 shares during the last quarter. Cairn Investment Group Inc. raised its stake in shares of Columbia Sportswear by 0.3% during the fourth quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker's stock worth $3,750,000 after buying an additional 145 shares during the last quarter. Amalgamated Bank raised 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 worth $1,287,000 after buying an additional 146 shares during the last quarter. GAMMA Investing LLC raised its stake 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 buying an additional 181 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Columbia Sportswear by 184.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker's stock worth $25,000 after buying an additional 194 shares during the last quarter. Institutional investors own 47.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on COLM. Stifel Nicolaus dropped their price objective on Columbia Sportswear from $91.00 to $75.00 and set a "buy" rating for the company in a report on Friday, May 2nd. StockNews.com downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. UBS Group upped their target price on shares of Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a research note on Monday, April 14th. Citigroup reaffirmed a "neutral" rating and issued a $68.00 target price (down previously from $80.00) on shares of Columbia Sportswear in a research note on Monday, April 7th. Finally, Barclays lowered their price target on Columbia Sportswear from $64.00 to $62.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. One 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 data from MarketBeat.com, Columbia Sportswear has a consensus rating of "Hold" and a consensus price target of $70.00.

Columbia Sportswear Trading Down 1.4%

Shares of COLM stock traded down $0.94 during trading hours on Tuesday, hitting $68.65. 192,831 shares of the company were exchanged, compared to its average volume of 835,377. The business has a 50 day moving average of $70.37 and a two-hundred day moving average of $80.06. Columbia Sportswear has a 52 week low of $58.44 and a 52 week high of $92.88. The company has a market capitalization of $3.79 billion, a PE ratio of 17.74, a PEG ratio of 2.54 and a beta of 1.00.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last posted 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. The business had revenue of $778.45 million during 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%. Columbia Sportswear's quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. On average, research analysts forecast that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Thursday, May 22nd. Columbia Sportswear's dividend payout ratio (DPR) is currently 30.69%.

Insider Activity at Columbia Sportswear

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

Columbia Sportswear Company 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.