Columbia Sportswear (NASDAQ:COLM) Shares Sold by Dean Investment Associates LLC

Dean Investment Associates LLC trimmed its holdings in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) by 35.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,666 shares of the textile maker's stock after selling 12,364 shares during the quarter. Dean Investment Associates LLC's holdings in Columbia Sportswear were worth $1,902,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Farringdon Capital Ltd. bought a new position in Columbia Sportswear during the 4th quarter valued at about $677,000. Marshall Wace LLP acquired a new stake in shares of Columbia Sportswear in the fourth quarter valued at about $598,000. Ontario Teachers Pension Plan Board boosted its holdings in shares of Columbia Sportswear by 41.9% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 29,371 shares of the textile maker's stock worth $2,465,000 after purchasing an additional 8,679 shares during the last quarter. Mariner LLC lifted its holdings in Columbia Sportswear by 24.7% in the fourth quarter. Mariner LLC now owns 5,014 shares of the textile maker's stock valued at $421,000 after acquiring an additional 992 shares during the last quarter. Finally, Barclays PLC grew its position in Columbia Sportswear by 487.8% in the 4th quarter. Barclays PLC now owns 271,293 shares of the textile maker's stock valued at $22,770,000 after acquiring an additional 225,140 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Ronald E. Nelson sold 6,395 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Richelle T. Luther sold 4,000 shares of Columbia Sportswear 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 completion of 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 disclosure for this sale can be found here. 44.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on COLM shares. UBS Group lifted their target price on shares of Columbia Sportswear from $42.00 to $51.00 and gave the company a "sell" rating in a report on Monday, April 14th. StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Stifel Nicolaus reduced their target price on shares of Columbia Sportswear from $100.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Citigroup reaffirmed a "neutral" rating and set a $68.00 target price (down 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, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $74.80.

Columbia Sportswear Stock Performance

Shares of Columbia Sportswear stock traded up $0.96 on Wednesday, hitting $65.30. The stock had a trading volume of 233,096 shares, compared to its average volume of 551,949. The firm has a market capitalization of $3.61 billion, a P/E ratio of 16.87, a PEG ratio of 2.54 and a beta of 0.91. Columbia Sportswear has a twelve month low of $59.07 and a twelve month high of $92.88. The stock has a 50 day moving average of $77.02 and a 200 day moving average of $81.61.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. Equities analysts expect that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Monday, March 10th. Columbia Sportswear's payout ratio is 31.01%.

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.